S2N spotlight
I said I would do something a bit different today. I decided to show you a behind-the-scenes video. You will hear in the video I am fighting a tight deadline with untested software.
I have one request if you don’t mind. I would really appreciate it if you could forward one of my letters to people in your circle who you think might get some value from it. I don’t have the budget to spend money on marketing, and the service is free, so your help is greatly appreciated.
S2N observations
I found this chart very informative, especially if you are into economic history and the repeated lessons you learn over the course of time.
S2N screener alert
I mentioned a few weeks ago that I am not sure what the story is with natural gas, but a 2 standard deviation either way has basically become a daily occurrence. That is highly irregular.
S2N performance review
S2N chart gallery
S2N news today
This is not financial advice. I have not considered your individual circumstances. I propose actionable insights from a hypothetical general global macro strategist's point of view, trying to achieve above-average risk-adjusted returns whilst considering the major macro themes currently in play. I am not licenced to provide individualised financial advice; therefore, any investment decision you make is solely your responsibility.
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EUR/USD struggles to retain 1.1500 as USD gains traction
EUR/USD hovers around the 1.1500 level in the American session on Friday. The US Dollar surges despite dovish comments from Fed Governor Waller, supporting a rate cut as soon as July. The mood sours as investors weigh Middle East developments.

GBP/USD dives below 1.3500 after weak UK data, resurgent USD
GBP/USD turned red for the day and approaches the 1.3450 area as the week comes to an end. Earlier in the day, the UK reported weak Retail Sales figures, although the ongoing slump seems related to renewed risk aversion fueling safe-haven US Dollar demand.

Gold surges above $3,3360 as fears kick in
Gold gathers near-term momentum and trades near $3,370 ahead of the weekly close, as risk sentiment took a turn to the south. Following a positive start, Wall Street turned south. Middle East tensions and massive back-and-forth missile exchanges between Iran and Israel seem to be behind the ongoing run to safety.

Ripple Price Prediction: How tokenized treasuries could accelerate XRP to $10 by end-2025
Ondo Finance launched tokenized treasuries on the XRP Ledger in June, paving the way for seamless institutional adoption. The market capitalization of tokenized treasuries has grown to $5.9 billion despite market uncertainty over US tariffs.

Weekly focus: War and risk of escalation weigh on market sentiment
The war between Israel and Iran and the risk of further escalation weighed on markets this week. Equity markets largely traded in red and US treasury yields slid lower. That said, markets were by no means in full risk-off sentiment.

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