Day: July 23, 2025

Dow Jones DJIA Close to Historic Breakout as Mood Improves on US-Japan Deal

Posted on by Skerdian Meta

The major U.S. stock indices ended the session at their highs today, with S&P 500 and NASDAQ closing at new all-time highs, while Dow Jones came tantalizingly close to its own milestone. Continue reading “Dow Jones DJIA Close to Historic Breakout as Mood Improves on US-Japan Deal” →

Mexican Peso Strengthens Following the U.S.-Japan Agreement

Posted on by Ignacio Teson

The Mexican peso appreciated against the U.S. dollar on Wednesday, marking its fourth consecutive day of gains. The rally was fueled by market optimism following U.S. President Donald Trump’s announcement of a trade agreement with Japan.

The exchange rate closed the session at 18.5329 pesos per dollar, strengthening 10.54 centavos (0.57%) compared to Tuesday’s official closing of 18.6383, according to data from the Bank of Mexico (Banxico). This marks the peso’s strongest level in nearly a year.

The dollar traded between a high of 18.6863 and a low of 18.5245 pesos, while the U.S. Dollar Index (DXY), which measures the greenback against six major currencies, slipped 0.16% to 97.20.

[[USD/MXN-graph]]

Trade Optimism

In a post on his Truth Social platform, Trump announced a “massive” deal with Japan involving reciprocal 15% tariffs. He also expressed hopes of reaching a similar agreement with the European Union.

Japanese Prime Minister Shigeru Ishiba confirmed that the 15% tariff would also apply to automobiles, down from the previous 25%, noting that 15% is the lowest rate among countries with which the U.S. runs a trade deficit.

Markets also reacted positively to news of a proposed $550 billion Japanese investment fund targeting the U.S. economy. With the August 1 tariff deadline approaching, investors are hopeful that the agreement could pave the way for deals with other nations and help ease global trade tensions.

Peso Rides Four-Day Streak

The peso has now gained 1.19% (22.40 centavos) since last Thursday’s close of 18.7569. During today’s session, it touched its strongest level since August of last year.

If the rally continues, the next technical support level could be around 17.80 pesos per dollar. Traders will be watching closely for Mexico’s mid-July inflation data, expected tomorrow, which is anticipated to show a modest uptick.

Cryptocurrencies Plunge Up to 12% as Bitcoin Falls Below $118,000

Posted on by Ignacio Teson

Cryptocurrencies are experiencing sharp losses this Wednesday after several weeks of strong gains. Bitcoin (BTC) fell 1.6%, slipping below the $118,000 threshold to around $117,924, according to Binance. Ethereum (ETH) dropped 3.7% to $3,566.94.

Altcoins posted even steeper declines, with Ripple (XRP) and Dogecoin down 10.5%, followed by Cardano (ADA) (-9.8%) and Solana (SOL) (-7.1%). Meanwhile, BNB fell 1.9% to $761.75, and Tron (TRX) dropped 1.8% to $0.3077.

Despite the sell-off, analysts view the downturn as a healthy round of profit-taking, not a sign of a deeper reversal. Both BTC and ETH had recently touched new highs—Bitcoin hit a fresh all-time record, and Ethereum climbed to its highest level since late 2024.

[[BTC/USD-graph]]

ETFs Reflect Consolidation Phase

The correction is also showing in the crypto-linked exchange-traded funds (ETFs). Spot Bitcoin ETFs saw two straight sessions of net outflows, following twelve consecutive days of inflows totaling over $6.6 billion. However, the recent outflows were smaller than any single day of inflows since July 9.

On the other hand, Ethereum ETFs continue to attract capital, with 13 consecutive days of net inflows. According to CoinShares, crypto investment products registered a record $4.39 billion in weekly inflows, surpassing the previous peak of $4.27 billion seen after the U.S. elections in December 2024.
Institutional Support Remains Strong

Analysts remain confident that institutional appetite for crypto is growing, supported by:

      • New pro-crypto regulations recently passed in the U.S.
      • Moves by major corporations like Trump Media, which added Bitcoin to its balance sheet.
      • A shift in traditional banking, highlighted by reports that JPMorgan Chase is considering crypto-backed loans—a major reversal for CEO Jamie Dimon, who once called Bitcoin a “fraud.” He now says: “I support your right to buy Bitcoin. Go ahead.”

Fed Outlook Adds to Optimism

Adding to the favorable outlook is the possibility of rate cuts by the Federal Reserve later this year. Slowing inflation in the U.S. has led analysts at Goldman Sachs to project three 25-basis-point cuts by year-end—conditions that typically favor risk assets like cryptocurrencies.

In summary, while today’s drop may seem steep, it’s part of a broader consolidation within an ongoing bullish cycle, underpinned by institutional adoption, ETF momentum, and regulatory clarity.

Tesla Q2: TSLA Stock Holds Above $300 on Stable EPS, Robotaxi Future Hopes

Posted on by Skerdian Meta

Tesla’s Q2 results delivered few surprises, but the launch of its robotaxi pilot in Austin may prove to be a turning point for the EV giant’s long-term narrative, helping TSLA hold above $300 today. Continue reading “Tesla Q2: TSLA Stock Holds Above $300 on Stable EPS, Robotaxi Future Hopes” →