Houthi militants attack two Saudi oil tankers, warning of larger scale strikes on targets within Saudi territory

According to South Korean media reports, domestic investors in South Korea net purchased $2.879 billion (approximately 4.26 trillion Korean won) worth of US stocks from July 1st to 21st, which is more than four times the net purchase amount in June. Among them, from July 20th to 21st, the net buying scale of domestic investors in South Korea increased by about 1 billion US dollars. Since the beginning of this year, the net buying amount of South Korean investors in US stocks has shifted from $4.499 billion in January to net selling in April, and resumed net buying in June.

Mizuho analysts say that if the US Clarity Act is passed, regulatory clarity will attract large institutions to enter the stablecoin market, accelerate commodification, and erode Circle's USDC revenue space. Mizuho believes that Circle is facing pressure from the Open USD project, which is supported by alliances such as Visa, Mastercard, Stripe, BlackRock, and Coinbase. The project adopts a model of distributing reserve earnings to distributors, which is different from Circle's model of retaining 38% USDC reserve earnings. Coinbase, as the largest distributor of USDC and also supports Open USD, may gain stronger bargaining power when renegotiating the revenue sharing agreement with Circle next month.

According to CME Federal Reserve observations, the probability of the Fed keeping interest rates unchanged in July is 65.3%, and the probability of a cumulative 25 basis point rate hike is 34.7%; The probability of the Federal Reserve keeping interest rates unchanged until September is 22%, the probability of a cumulative increase of 25 basis points is 54.9%, and the probability of a cumulative increase of 50 basis points is 23%.

Brent Donnelly, President of Spectra Markets, stated that there was room for the US dollar to rise in the days leading up to the Federal Reserve's interest rate decision on July 29th, as traders were digesting expectations of a rate hike from Federal Reserve Chairman Kevin Walsh. Brent Donnelly said that the market believes that Federal Reserve Chairman Kevin Walsh is serious about rebuilding the credibility of fighting inflation, and given the light position of the US dollar, there is still room for the US dollar to rise in the next seven days. AI interpretation: The Federal Reserve's interest rate decision, as a core monetary policy indicator, directly determines the pricing logic of US dollar assets. The early digestion of market expectations for interest rate hikes reflects investors' deep recognition of the Federal Reserve's strengthened anti inflation credibility. The current situation of light US dollar positions provides sufficient liquidity support for short-term gains. This policy adjustment is expected to significantly boost the US dollar exchange rate and reshape the safe haven preferences of global capital.

According to customer data from Bank of America, retail investors bought the largest amount of US stocks last week since May 2025. Strategist Jill Carey Hall wrote in the report that the bank's clients have made net purchases for the third consecutive week, with a moderate inflow of funds. The funds flowing into ETFs only slightly offset the funds flowing out of individual stocks.