Daily Global Market Update

GBP/USD moved sideways; Bitcoin dropped 4.2%, oversold; Oil/USD fell 4.3%, oversold; AUD/USD down 0.6%, CCI negative. Solana surges 177%; Europe's index drops. Oil prices down on US supply and China demand. Upcoming: UK Retail Sales, US Housing Starts, and more.

Moneta Markets | 595 days ago

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Stochastic indicator's negative signal is at odds with our overall technical analysis.

Bitcoin's Significant Drop

Bitcoin saw a substantial decline of 4.2% in its last session. The Stochastic RSI suggests that we are in an oversold market.

Oil's Sharp Decline

The Oil/USD pair experienced a significant drop of 4.3% in the last session. The Stochastic RSI points to an oversold market condition.

AUD/USD's Moderate Fall

The Australian Dollar fell by 0.6% against the US Dollar in the last session. The CCI is indicating a negative trend.

Global Financial Headlines

Solana has achieved new yearly highs, gaining more than 177%, following commendations from Ark Invest CEO Kathy Wood for its efficiency and cost-effectiveness. Meanwhile, Europe's benchmark index has seen a decline after a 3-day increase, as hopes for policy tightening and rate cuts have been overshadowed by softening inflation in major economies. In the oil market, prices have dropped due to signs of increased supply from the US and concerns over weak energy demand from China, with Brent Futures falling to $80.

Upcoming Economic Highlights

Key economic releases for today include:

• UK's Retail Sales - 0700 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

• US Housing Starts - 1330 GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 GMT

• US Baker Hughes US Oil Rig Count - 1800 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

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 15min 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

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions

ATFX | 1 day ago

GBP/USD at the top of a bullish channel

GBP/USD loses momentum near three-year high, tests the channel’s upper band. Short-term bias remains bullish, but overbought conditions are evident. Bullish outlook remains intact above 1.3450.

XM Group | 2 days ago

Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

On July 2, the USD stabilizes as Fed rate cut bets build. GBP/USD nears 1.3750 highs, NZD/USD extends above 0.6120, and AUD/USD holds near 0.6820 despite soft retail sales. USD/JPY recovers to 146.20, while silver dips below $36. Markets await US labor data and Fed remarks for direction ahead of July 4.

Moneta Markets | 2 days ago

ATFX Market Outlook 2nd July 2025

Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.

ATFX | 2 days ago

WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI dips below $64.50 as Middle East tensions ease, dampening supply fears. Silver struggles under $36, while AUD and NZD stay muted on weak China PMI. USD/JPY steadies near 145.90, and the yen holds gains on USD weakness. Traders now eye US ISM PMI and Fed minutes for clues on policy and market direction.

Moneta Markets | 3 days ago

EURUSD	1.17752	GBPUSD	1.36494	AUDUSD	0.65518
USDJPY	144.485	USDCAD	1.36059	USDCHF	0.79361