Macro traders are struggling to seek out good trades forward of the July 9 deadline for the Trump administration’s 90-day tariff pause, selecting as a substitute to deal with the ‘day-to-day’.
Merchants are having to navigate a number of discrete threat occasions, equivalent to central financial institution, G7 and Nato conferences, earlier than the tariff pause ends, and are uncertain whether or not the deadline will transfer once more.
“Each of these issues make it troublesome to placed on trades proper now,” says Jonathan Cohn, head of US charges technique at Nomura. “Attempting
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