Hot spot tracking

  • US ADP employment figures for July came in at 44,000, below market expectations of a 70,000 increase and June's revised 95,000, marking the smallest increase since January. This news is bearish for the US dollar.
  • According to Business Insider, Anthropic has confirmed it is assembling an in-house chip team for Claude. This news is positive for the South Korean KOSPI index.
  • Iran is seeking to charge ships transiting the Strait of Hormuz a fee of 5% to 7% of the value of their cargo, while Oman is pushing for a 3% fee. This news is bullish for gold and crude oil.

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