🌅 Morning Update | 02.07.2025 📊 Asia opens steady Markets are calm this morning with modest gains of 0.00–0.60%. 🇯🇵 Japan and 🇦🇺 Australia lead the way. The 💵 US dollar is slightly stronger. 🛍 Australia Retail Sales Disappoint May: +0.2% m/m (vs. 0.4% forecast) 📉 Annual growth slows to 3.3% — weakest since Nov 2024. 🍞 Food sales notably down ➡️ Rising hopes for an RBA rate cut at the July 7–8 meeting. 🏗 Building Permits May: +3.2% m/m (vs. 4.8%) 📈 Annual growth: +6.5% — signs of a shaky recovery. 🇦🇺 AUD/USD dips as part of broader USD rebound. 🕊 Middle East 🇮🇱 Israel accepts 60-day ceasefire proposal in Gaza. Next move: 🇵🇸 Hamas. Mediated by 🇶🇦 Qatar & 🇪🇬 Egypt. Announced by Trump on social media. 🇨🇦 Canada–US Trade Talks Canada ready to fully lift Trump-era tariffs. 🗓 PM Carney sets July 21 as deadline for new economic & security pact. 🧨 Ukraine Arms Delay 🇺🇸 US pauses delivery of some missiles & precision weapons to 🇺🇦 Ukraine over shrinking stockpiles. ➡️ May impact front-line capabilities. 📅 Dollar in Focus Goldman Sachs: June jobs data could be a turning point. 📌 ADP report due today 📌 NFP report coming tomorrow 🎙 Fed Watch Bessent (to Fox): Expects rate cuts by September or earlier. 😮 Surprised tariffs haven’t triggered easing already. Aligns with Trump’s pressure on the Fed. 🚀 Stay ahead of the markets — follow us and trade smarter with NordFX!