#AN015: TRUMP-PUTIN Phone Call and July 4th, Markets Closed

In an unexpected phone call on the sidelines of the American Independence Day, Vladimir Putin and Donald Trump – in the midst of the campaign for his potential re-election – had a confidential conversation that quickly captured the attention of global markets, even on a day when Wall Street was closed.

Hello, I am Trader Andrea Russo and today I want to talk to you about the latest news of these hours. I would like to thank in advance our Official Broker Partner PEPPERSTONE for the support in creating this article.

📉 Wall Street closed, but Forex is always open
While the US stock markets remain closed for the July 4th holiday, the currency market – by its nature decentralized and global – never stops completely. And it is precisely in these moments of low liquidity that geopolitical moves can have an amplified impact.

☎️ What did Putin and Trump say to each other?
Official sources speak of a “cordial discussion” on global security issues, Ukraine, and the future of US-Russia energy relations. However, according to leaks from Moscow, Putin has expressed openness to a new energy negotiation in the event of Trump’s return to the White House.

Translated into Forex language? This could mean:

Lower geopolitical risk on USD in the long term (Trump is seen as more in favor of dialogue with Moscow)

Pressure on Euro if negotiations with Russia are diverted to a Washington-Moscow axis

Temporary strength of RUB in case of glimmers of easing of energy sanctions

📊 Impact on key currency crosses
Comparing the post-news movements on some crosses:

USD/RUB: flat for now, but ready to jump over the weekend if confirmations arrive

EUR/USD: latent weakness, also due to the decline in ISM and the resilience of European inflation

USD/JPY: stable, but with pro-dollar sentiment in the background (Trump is perceived as economically dovish)

⏱️ What to expect in the next 24 hours?
With liquidity recovering already since tonight (Tokyo), markets could start to price in the geopolitical narrative of Trump's return. This scenario favors:

USD slightly stronger in the short term

Watch out for false breakouts on low volatility (typical of July 4th)