Log in to today's North American session recap for August 6, 2025.
Today marked another rebound for stocks after a more pessimistic session yesterday. The Magnificent 7 is pushing the Nasdaq towards a potential retest of its all-time highs, however there is still some road to cover to get there.
Apple, Amazon and Tesla are all up above 3% on the session and some more defensive names like Costco and Walmart help equities towards their daily strong session.
In terms of geopolitics, Trump has enacted 25% supplemental tariffs on India to put pressure on countries who import Russian Oil.
Daily Cross-Asset performance
Cross-Asset Daily Performance, August 6, 2025 – Source: TradingView
Cryptos and Nasdaq are both performing strongly in today's session while Oil is getting sold off harshly after the latest tariff headlines and a further negative surprise on the Oil Inventories.
A picture of today's performance for major currencies
Currency Performance, August 6 – Source: OANDA Labs
The Euro is shining strong in today's session as it is the usual benefactor from US Dollar selling flows.
Australian and NZ Dollars have retracted a bit off their highs after performing strongly in the morning session but still end up on a decent session.
Earnings Season: Who is releasing their numbers tomorrow
Earnings Calendar for August 7th – Source: Nasdaq.com
Tomorrow's earnings will focus on Eli Lily, Toyota and Mitsubishi.
A look at Economic data releasing in tonight and tomorrow's sessions
For all market-moving economic releases and events, see the MarketPulse Economic Calendar.
Tomorrow's main event is the Bank of England's rate decision at 7:00 A.M. ET where a cut is largely expected.
For the rest, the evening session will have a lot of data releasing for APAC currencies.
For the NA markets, focus on FED speakers' speeches and the Canadian Ivey PMI releasing at 10:00 A.M. ET.
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