📊 Morning Market Update | 18.07.2025 🌍 📈 Asian stock markets are on the rise following Wall Street’s upbeat session, fuelled by tech optimism and expectations of fresh fiscal stimulus. 🪙 Bitcoin hits $120,600, with even bigger gains across the crypto market after Donald Trump announced plans for an executive order to allow 401(k) retirement accounts to invest in alternative assets - including cryptocurrencies, gold, and private equity. 💼 The potential move could unlock over $9 trillion in institutional capital. Regulators have been tasked with identifying and removing existing barriers. 🏛️ Fed Governor Christopher Waller backed a 25 bps rate cut in July, citing a weakening labour market and rising recession risks. He called the inflationary impact of tariffs “transitory”, sending the US dollar lower. 🗣️ With the Fed's blackout period approaching, only Waller and Bowman have publicly supported a cut so far. 💱 Forex snapshot: – 💶 EUR, 🇦🇺 AUD, 🇳🇿 NZD lead gains – 🇺🇸 USD one of the weakest today – 🇯🇵 JPY weakest overall 📊 Japan’s June inflation came in at 3.3%, well above the BoJ’s 2% target - raising new monetary policy questions. 💴 China's PBoC injected ¥1.3 trillion into the system to ease liquidity stress linked to tax payments and bond issuance. 📰 The Wall Street Journal published explosive allegations linking Trump to Jeffrey Epstein. Trump announced a lawsuit against both the paper and Rupert Murdoch, and ordered partial declassification of related documents. 💰 Meanwhile, Trump signed a new $9B spending cut bill after Senate approval - mainly targeting public media and foreign aid. More cuts may follow. ⚡️Markets are moving fast - are you ready to trade the volatility? 👉 Stay ahead with NordFX!