Trump anticipates that oil prices will surpass $60 soon, owing to an increase in domestic oil production by 300,000 barrels per day. He expressed that solar energy occupies farming land and shared similar concerns about windmills.<\/p>\n
Car production has risen by 18,000 units monthly. Job growth is marked by the creation of 500,000 jobs, while government employment has decreased by 84,000. Further employment growth is expected as companies return to the US.<\/p>\n
Trump announced plans to speed up furniture production and investigate imports. Trade agreements with the EU, Japan, and South Korea are finalized, with terms for South Korea unchanged.<\/p>\n
We see the expectation for oil to break $60 a barrel as a key signal for the energy markets, especially given the stated disapproval of renewable energy sources. WTI crude has been trading tightly around the $59 mark for the past week, and recent EIA data from mid-August 2025 showed a larger-than-expected draw on inventories, suggesting rising demand. This environment supports buying near-term call options on major oil producers and related ETFs, anticipating a push past this psychological resistance.<\/p>\n
The focus on boosting domestic car and furniture production, along with an investigation into furniture imports, points toward a continued protectionist industrial policy. Looking back at the trade dynamics of the late 2010s, we recall how tariffs and import investigations created volatility but favored domestic players; this is supported by the July 2025 ISM manufacturing data which showed strengthening new orders. Traders should consider call options on key US industrial and consumer discretionary companies that would benefit from reduced foreign competition.<\/p>\n
The narrative of strong private sector job creation suggests continued confidence in the domestic economy. We saw confirmation in the latest jobs report for July 2025, which showed private payrolls adding over 215,000 jobs and aligning with this pro-business sentiment. This underpins a bullish case for broad market index calls, although traders should also watch interest rate futures closely as a strong economy could provoke a more hawkish Federal Reserve.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" Trump predicts oil over $60 amid production boost; job growth strong; trade deals with EU, Asia finalized.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-29651","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=29651"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/29651\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=29651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=29651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=29651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}