Daily Global Market Update

Euro slightly down (-0.2%), Dollar up vs. Yen (+0.55%), Gold dipped (-0.1%). NIO stock surged (+3.6%). Dollar gains on strong US retail sales, global stocks rise on lower US inflation. EU growth forecast downgraded. Key economic events today.

Moneta Markets | 596 days ago

Euro's Slight Decline

The Euro-Dollar pair experienced a minor downward adjustment in the latest session, dropping by 0.2%. The MACD indicator is currently signalling a positive trend.

Dollar's Rise Against the Yen

The Dollar saw a gain of 0.55% against the Yen in the last session. The Stochastic RSI is indicating a negative trend.

Gold's Minor Dip

Gold experienced a slight decrease of 0.1% against the dollar in the last session. The Stochastic indicator is showing a negative signal.

NIO's Stock Surge

NIO's stock witnessed a notable rise of 3.6% in the last session, with an intraday high of 7%. The CCI is currently indicating a positive trend.

Global Financial Updates

The dollar gained after robust US retail sales data in October, suggesting that a firm date for the Federal Reserve to slash interest rates remains uncertain. Meanwhile, global stocks soared following cooler-than-expected US inflation data in October, fuelling speculation that the period of interest rate hikes could be ending, and borrowing costs may soon decrease. The European Union's executive commission has downgraded its growth forecast for the current and coming year, as inflation impacts consumer spending and higher central bank rates discourage borrowing for purchases and investments.

Today's Economic Events

Key economic events to watch today include:

• US Industrial Production - 1415 GMT

• Dutch Unemployment Rate - 0530 GMT

• Australia's Employment Change - 0030 GMT

• Italy's Trade Balance EU - 0900 GMT

• Japan's Tertiary Industry Index - 0430 GMT

• Australia's Unemployment Rate - 0030 GMT

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Tags: Analysis

Why Silver could be the precious metal of 2025

The gold bar is metallic yellow and slightly behind the silver bar, which is metallic white and positioned in front. Gold may still be the headline act, but silver’s no longer content playing second fiddle. In 2025, silver isn’t just glittering - it’s surging forward as one of the most exciting metals on the market.

Deriv | 6h 0min ago

Risk-on sentiment fades as tariffs return to the spotlight

Dollar surrenders gains posted after robust labour market report; Trump celebrates US budget bill approval; scheduled to sign it today; Most Fed members feel more comfortable as July rate cut is priced out; Oil steadies near $66, gold rally retains momentum;

XM Group | 9h 41min ago

USDCAD shrugs off upbeat US jobs data

USDCAD fails to rebound despite stronger US nonfarm payrolls. Bearish trend likely to continue; next support near 1.3455.

XM Group | 10h 1min ago

Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025

On July 4, strong U.S. jobs data boosts the dollar, but Trump’s tariff warning sparks trade uncertainty. USD/CAD dips near 1.3600 as oil rebounds; AUD/USD slips below 0.6650. NZD/USD holds near 0.6050, GBP/USD steadies at 1.3650, and USD/CNY stays firm as PBOC signals caution. Markets eye ISM data and tariff updates for next moves.

Moneta Markets | 12h 34min ago

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.

ATFX | 15h 16min ago

Nonfarm payrolls take center stage

Slide in US private payrolls raise concerns about NFP miss - US strikes trade deal with Vietnam ahead of July 9 deadline - Pound feels the heat of fiscal shenanigans - S&P 500 hits fresh record high ahead of jobs report

XM Group | 1 day ago

Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses

On Thursday, the price of gold fell to 3,340 USD per troy ounce, partially correcting the previous day’s gains. The decline reflects growing optimism over trade agreements, which reduced demand for gold as a safe-haven asset.

RoboForex | 1 day ago

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.

Moneta Markets | 1 day ago

EURUSD	1.17753	GBPUSD	1.36493	AUDUSD	0.65515
USDJPY	144.49	USDCAD	1.36061	USDCHF	0.79365