
LME Is Keeping a Closer Watch as Energy Traders Bet on Metals
The world's top energy traders arrived in metals with a splash this year, building huge positions that give them growing influence over prices.
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11 minutes ago
- Yahoo
What if the dollar has bottomed?
-- A recent rebound in the U.S. dollar may mark the end of its year-to-date slide, potentially easing pressure on European equities and resetting key assumptions across global markets. The dollar, down around 10% from January highs, has recently bounced following U.S. trade agreements with Japan and the EU. Barclays analysts say this move could reflect the early stages of a broader shift, particularly as speculative positioning against the dollar looks stretched and U.S. earnings and macro data remain firm. The rally in the euro, driven more by capital flows than interest rate differentials, has been a drag on European earnings, especially for exporters. Barclays' FX strategists expect the euro to weaken gradually, forecasting EUR/USD to fall toward 1.13. That shift would reverse some of the eurozone's year-to-date 'exorbitant benefit' from dollar weakness, which had exacerbated the impact of deteriorating terms of trade due to tariffs. European stocks have lagged U.S. peers in part due to this FX dynamic. Barclays says the stronger euro has hit corporate earnings harder than tariffs, contributing to a wave of EPS downgrades in export-heavy sectors. But a dollar turnaround may offer some relief, with the potential to put a floor under European earnings estimates. Medium-term risks remain. Concerns around Federal Reserve independence and potential rate convergence in 2026, especially if German or EU growth surprises to the upside — could limit sustained dollar strength. Still, Barclays concludes that FX is no longer a one-way bet. If the dollar has in fact bottomed, it would mark a meaningful shift in global equity drivers, the brokerage said. Related articles What if the dollar has bottomed? After soaring 149%, this stock is back in our AI's favor - & already +25% in July If Powell goes, does Fed trust go with him?
Yahoo
11 minutes ago
- Yahoo
Liverpool drop MASSIVE hint that Alexander Isak deal is closer
Liverpool are reported to have been turned down by Newcastle in their first attempt to sign Alexander Isak. An official approach fell short of the Geordies' valuation - and Eddie Howe has been struggling to line up a successor. Those reports were swiftly followed up with claims from trusted journalists that Liverpool wouldn't be back. 🔴 Shop the LFC 2025/26 adidas home range Shop the LFC Store 🚨2025/26 LFC x adidas range🚨 LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! Newcastle's were emphatic in their refusal to do business and that was that. But there are some clues regarding this deal that all might not be what it seems. 🔴 Shop the LFC 2025/26 adidas away range One hint may well lie with Darwin Nunez. Al-Hilal intending to add Nunez Later on Friday it transpired from sources including Saudi insider Hamad al-Swilhy that Al-Hilal were pressing on with their attempts to sign Darwin from Liverpool. Simone Inzaghi - the Saudi Pro League giants' new manager - wants the Uruguayan frontman as his new striker. And all summer long it has appeared inevitable that Nunez could be leaving. If Liverpool were truly not intending to replace Darwin with Isak before the end of summer - then these rumours could be shut down pretty handily. But it remains the case that Nunez is likely to go. Liverpool won't leave themselves short Cast your mind back to last summer. Liverpool triggered Martin Zubimendi's release clause - but the deal fell apart when the player rejected the move. Richard Hughes was then criticised for neglecting to sign a replacement; the Reds instead went into the season with Ryan Gravenberch as their No1 pick in defensive midfield. The mantra at Anfield was that it was better to sign NO player than the WRONG player. We can safely assume that the stance remains the same. Liverpool will not buy a second choice. © IMAGO - Alexander Isak Liverpool If Isak doesn't come, why sell Nunez? They will either persist in their attempt to sign a priority target or else stick with what they've got. The indications are that Darwin will be sold - meaning a new No9 will certainly be required. And given Liverpool's previous conduct - if Isak is off the menu then they won't move for a different striker. That would mean Hugo Ekitike being Arne Slot's ONLY option in the centre-forward position next season before 'false nines' are considered.
Yahoo
11 minutes ago
- Yahoo
Trump Media brings Truth token plans into the open in latest SEC filing
Trump Media has formally disclosed plans for a Truth-branded utility token and digital wallet in its latest Securities and Exchange Commission filing, months after first teasing the concept in a shareholder letter. The filing describes the token as part of a 'larger rewards program' integrated into a 'Truth digital wallet,' initially allowing users to pay for Truth+ subscriptions. Over time, the token could be applied to other products and services 'in the Truth ecosphere,' hinting at a broader platform-wide utility. While the company doesn't explicitly call it a cryptocurrency, the language suggests blockchain-based infrastructure is likely. The Q2 filing marks the first time the initiative has been included in public financial documents, indicating the project is now being treated as a core component of Trump Media's crypto strategy. It comes amid an aggressive and broadening digital asset pivot. In July, Trump Media deployed $2 billion into Bitcoin and Bitcoin-related securities, making it the fifth-largest public holder of the top cryptocurrency globally. The firm said it raised $2.4 billion in May via a private placement backed by institutional investors, with $1 billion now sitting in restricted cash as collateral for convertible notes, according to the filing. The company also filed for several crypto exchange-traded funds under its fintech division, including funds tied to Bitcoin, Ethereum, and a 'Crypto Blue Chip' index. Trump Media posted $2.3 million in operating cash flow, its first positive quarter, but still recorded a net loss of $20 million, driven by stock-based compensation and lingering legal fees from its 2024 SPAC merger. CEO Devin Nunes has framed the company's crypto exposure as a safeguard against what he calls 'debanking and other acts of political discrimination' by the traditional financial system. Crypto market movers Bitcoin has gained 0.1% in the past 24 hours and is trading at $113,700. Ethereum is down 0.4% in the same period to $3,470. What we're reading UK lifts ban on crypto-linked notes for retail investors after 5 years — DL News Can be dethroned? — Milk Road By Not Staying Chain-Agnostic With Base, Could Coinbase Make a Wrong Bet? — Unchained Bitcoin and Ethereum ETFs suffer second-worst day of 2025 in 'odd end' to landmark week for crypto — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Sign in to access your portfolio