BRICS, Fed, Tariffs, and Earnings: A Pivotal Week for Global Markets

Markets brace for a seismic week as geopolitical tensions, monetary policy signals, and corporate earnings collide. The S&P 500 and Nasdaq's record highs face a reality check with the BRICS summit's potential to accelerate de-dollarization efforts—a move that could reverberate through crypto markets as a hedge against geopolitical risk.

All eyes turn to the Federal Reserve's June meeting minutes, with traders scrutinizing every syllable for clues on rate cuts. The timing is critical—Trump's 'Liberation Day' tariff moratorium expires Wednesday, threatening 10% levies on BRICS-aligned nations. Such protectionist measures historically fuel Bitcoin's appeal as a neutral reserve asset.

Amazon's four-day Prime Day event kicks off Tuesday, serving as a real-time stress test for consumer resilience. Weakness here could validate the market's dovish Fed bets, potentially weakening the dollar—a traditional catalyst for crypto rallies.