Daily Global Market Update

Euro falls 0.2% against dollar, Dollar-Yen stable, Gold up 0.3%, Nike shares increase 0.1%. Dollar strong on US labor data, EU considers sanctions on China. Key data today: Germany, Australia, Eurozone, Japan GDP, US jobless claims.

Moneta Markets | 575 days ago

Euro's Slight Downturn

The Euro experienced a marginal decline of 0.2% against the dollar in the recent trading session. The Stochastic RSI indicates an oversold market condition.

Dollar Yen's Steady Movement

The Dollar-Yen pair exhibited a sideways trend in the last session. The Williams %R indicator is currently signaling a bullish momentum.

Gold's Incremental Gain

Gold rose by 0.3% against the dollar in the last trading session. The Stochastic RSI suggests an oversold market condition.

Nike Shares' Slight Uptick

Nike shares saw a minor upward correction, increasing by 0.1% in the last session. The MACD indicator is giving a bullish signal.

Global Financial Headlines

The dollar held near a two-week high against a basket of currencies as investors reacted to US economic data indicating a cooling labor market and speculations of Federal Reserve rate cuts next year. US stocks and Treasury yields fluctuated following reports of fewer job openings and unexpected growth in service businesses last month. In Europe, leaders are contemplating imposing new sanctions and trade penalties on China if it does not address economic tensions and limit exports to Russia for its war in Ukraine, as per EU officials ahead of the Beijing summit.

Today's Key Economic Events

Here's a snapshot of major economic releases expected today:

• Germany's Industrial Production - 0700 hours GMT

• Australia's Exports - 0030 hours GMT

• Eurozone's Gross Domestic Product - 1000 hours GMT

• Japan's Gross Domestic Product - 2330 GMT

• US Initial Jobless Claims - 1330 GMT

• Australia's Trade Balance - 0030 hours 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 | 12h 26min 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 | 16h 7min 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 | 16h 27min 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 | 19h 0min 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 | 21h 42min 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	1.17788	GBPUSD	1.36532	AUDUSD	0.65507
USDJPY	144.479	USDCAD	1.36033	USDCHF	0.79342