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Strains in Labor, Fed Drama & Oil’s Technical Crossroads

Markets kicked off the week reacting to sudden policy shocks and soft labor data. The broad recap highlights Wednesday’s wild swings spurred by anonymous reports that President Trump might oust Fed Chair Powell—only to reverse course hours later—a mood-whiplash that rippled through equities, bonds and the dollar. In Australia, June’s jobs report showed employment rising by a mere 2,000 positions while the jobless rate climbed to 4.3%, stoking fresh doubts over RBA rate-cut timing and fueling an 85% market bet on easing by August. Back in commodities, WTI crude hovers at its 200- and 50-day moving averages—a critical long-term support zone where a sustained hold could trigger a rebound toward $70, but a decisive break risks deeper losses..

⚡ Daily Broad Market Recap – July 16, 2025

• Markets whipsawed on reports of a potential Fed chair firing and softer U.S. producer prices.

• Bitcoin surged over 2.7% to near $120K, while gold climbed and the U.S. 10-year yield tumbled after flat PPI data.

🔥Forex Australia: Weaker Jobs Growth in June Doubts RBA Policy

• Australia's employment rose by just 2,000 jobs in June, falling far short of expectations.

• Unemployment ticked up to 4.3%, prompting traders to price in an 85% chance of an August rate cut.

📊 Chart Art: WTI Crude Oil Tests Key Long-Term Support Zone

• WTI is trading at its 200- and 50-day moving averages, a confluence that has held the uptrend since early 2025.

• A clean bounce here could reignite bullish momentum toward $70, while a breakdown risks deeper correction toward the mid-$60s.

Today’s lineup blends macro volatility with rate-cut expectations and a high-stakes commodity floor. Whether you’re parsing Fed independence dramas, sizing up Australia’s cooling labor market, or timing oil’s next move off a key support, these articles provide both the big-picture context and tactical levels you need to navigate choppy waters with confidence.

Happy Trading!