31 July 2025: 16:30 BST
The slow start to this month was brought to an abrupt end. A bombardment of new tariff threats raced across traders’ screens this week. Will Europe get whacked, or won’t they? Well, they did. Trump hit them with 15% tariffs, less than the initial 30%, but still a heavy-handed blow to the bloc. The euro suffered as a result, giving the DXY a new lease of life, surpassing even 100 points today, the highest since the end of May! Even if the $250 billion per year promised to buy US energy is farcical and little more than a big sticker to congratulate Donald on his negotiation skills, it does demonstrate just how far Europe’s willing to bend for big daddy America.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
