Japan July data. Real wages +0.5% y/y. Household spending +1.4% y/y (exp 2.3%)

S&P 500 hits record high as jobs data hints at continued rate cuts. Futures flat ahead of August report.

Trump prepares to start North American trade deal renegotiation - Wall Street Journal Eyes back on Canada-US-Mexico trade negotiations

JPMorgan sees gold as key hedge as Fed independence fears reshape market positioning. JPMorgan says Fed independence fears are fueling gold longs, bond shorts, and a value-stock shift.

Dollar weakness boosts int'l stocks! BlackRock favors unhedged equities, citing 8-yr cycles. IXUS up 20% vs S&P 500's 9%.

S&P 500 hits record high as weak jobs data fuels rate cut hopes. Traders eye Friday's payrolls report for direction.

Bank of America forecasts euro to hit $1.25, says U.S. dollar risks undervaluation. BofA sees euro rising to $1.20–$1.25 next year as dollar risks slipping below fair value.

Goldman Sachs forecast gold as high as US$5,000 / oz. Goldman Sachs says Fed independence risks from Trump meddling could send gold to $5,000 an ounce.