In an unexpected phone call on the sidelines of the American Independence Day, Vladimir Putin and Donald Trump – in the midst of the campaign for his potential re-election – had a confidential conversation that quickly captured the attention of global markets, even on a day when Wall Street was closed.
Hello, I am Trader Andrea Russo and today I want to talk to you about the latest news of these hours. I would like to thank in advance our Official Broker Partner PEPPERSTONE for the support in creating this article.
📉 Wall Street closed, but Forex is always open
While the US stock markets remain closed for the July 4th holiday, the currency market – by its nature decentralized and global – never stops completely. And it is precisely in these moments of low liquidity that geopolitical moves can have an amplified impact.
☎️ What did Putin and Trump say to each other?
Official sources speak of a “cordial discussion” on global security issues, Ukraine, and the future of US-Russia energy relations. However, according to leaks from Moscow, Putin has expressed openness to a new energy negotiation in the event of Trump’s return to the White House.
Translated into Forex language? This could mean:
Lower geopolitical risk on USD in the long term (Trump is seen as more in favor of dialogue with Moscow)
Pressure on Euro if negotiations with Russia are diverted to a Washington-Moscow axis
Temporary strength of RUB in case of glimmers of easing of energy sanctions
📊 Impact on key currency crosses
Comparing the post-news movements on some crosses:
USD/RUB: flat for now, but ready to jump over the weekend if confirmations arrive
EUR/USD: latent weakness, also due to the decline in ISM and the resilience of European inflation
USD/JPY: stable, but with pro-dollar sentiment in the background (Trump is perceived as economically dovish)
⏱️ What to expect in the next 24 hours?
With liquidity recovering already since tonight (Tokyo), markets could start to price in the geopolitical narrative of Trump's return. This scenario favors:
USD slightly stronger in the short term
Watch out for false breakouts on low volatility (typical of July 4th)
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If you want to receive:
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Full Broker benefits & Socials
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If you want to receive:
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✅ updates on My Trades
👉 Telegram Channel: t.me/swipeuptrading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.