Dollar Drops, Equities Pop: Are Markets Ignoring the Cracks? | Macro Mondays

In this episode of Macro Mondays, James Brodie, James Todd & Will Cunliffe unpack the most volatile macro crosscurrents in markets as U.S. equities push to fresh all-time highs and the dollar resumes its downtrend.   Key highlights include: • U.S. consumer cracks widening • Housing on the brink • Fed doves emerge • Inflation expectations collapse • Employment weakness deepens • Equities defy fundamentals • Gold tests key support • Dollar dives • Hedge funds retreat: CTAs flip net short, and Andurand"s flagship fund drops another 12.7% • BOE turns dovish • Tesla soars & Nvidia at new highs   Key data releases this week: 📅 Tuesday – US ISM manufacturing PMI, Fed Chair Powell speaks, JOLTS job openings, EZ PMIs & CPI 📅 Wednesday – Australian retail sales, US mortgage applications, ADP payrolls 📅 Thursday – US non-farm payrolls, ISM services PMI, jobless claims 📅 Friday – US holiday   This episode was recorded on Monday, the 30th of June, 2025 at 10.30AM BST.   👉 Contact us about learning & development: OnyxLND@OnyxCapitalGroup.com 👉 Daily updates: Onyx Institute LinkedIn 👉 Trade with Onyx Markets: onyxmarkets.co.uk 👉 Follow Onyx Institute: LinkedIn   🔔 Subscribe & turn on notifications so you don’t miss out on key market insights!   https://linktr.ee/onyxcapitalgroup Follow us:  YouTube: https://www.youtube.com/@worldofoilderivatives LinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/ X: https://x.com/Onyx__Edge TikTok: https://www.tiktok.com/@onyxcgroup Instagram: https://www.instagram.com/onyxcgroup/   CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs and spread bets. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.