Market Wrap Summary - July 11, 2025
In the North American trading session on July 11, 2025, cryptocurrencies dominated market attention, overshadowing global equity indices. The significant rise in Bitcoin and Ethereum prices led to a broader increase in digital assets, despite ongoing concerns regarding geopolitical tensions and the performance of traditional equities.
Key Highlights
Cryptocurrency Surge: Bitcoin and Ethereum experienced substantial gains, contributing to a bullish sentiment across the cryptocurrency market.
Market participants are increasingly withdrawing from traditional assets as they begin to factor in potential disruptions stemming from the expansionary fiscal and monetary policies enacted by G7 central banks during the COVID-19 stimulus period.
Global Trade Concerns
Concerns regarding global trade have resurfaced, particularly with the reintroduction of tariffs by the Trump administration, which has begun to dampen the previously optimistic market sentiment.
Commodity Performance
Energy commodities and metals also showed positive performance, with petroleum-linked products rising between 1% to 3%, and West Texas Intermediate (WTI) crude oil increasing by 3.15%. Additionally, metals continued their upward trajectory.
Fiat Currency Dynamics
There are indications of a potential fiat currency debasement theme, although the current economic conditions are far from the hyperinflation levels seen in the 1970s.
Market Movements in Other Commodities
Orange juice prices surged over 10% due to supply concerns, reflecting the volatility in agricultural commodities.
Canadian Employment Data
Canadian employment data exceeded expectations, with a reported increase of 88,000 jobs compared to an anticipated zero change. However, the Canadian Dollar (CAD) did not see significant appreciation due to the looming tariff threats from the U.S.
Currency Performance
The U.S. Dollar emerged as the strongest major currency, supported by renewed tariff threats and a technical reversal in the Dollar Index. The Japanese Yen (JPY) struggled against its counterparts, lacking bullish catalysts, while the USD/JPY pair approached the upper limits of its trading range.
Looking Ahead
Market participants are advised to keep an eye on upcoming economic data releases, particularly from China, and the U.S. Consumer Price Index (CPI) scheduled for Tuesday. Additionally, the G20 meeting in Johannesburg, South Africa, is expected to generate significant headlines over the weekend.
As the market continues to evolve, traders are encouraged to stay informed and adapt their strategies accordingly.