Daily Global Market Update

GBP/USD rose 0.1% with positive CCI, Bitcoin dropped 0.7%, Oil/USD surged 2.1% with a positive CCI, AUD/USD fell 0.2% with negative MACD. Bitcoin ETFs started strong, Nikkei 225 hit 34-year high, Gold rose on weak dollar. Economic releases: UK Manufacturing, Japan Eco Watchers, Finland Current Account, US USDA WDE Report, UK GDP, Japan Eco Watchers Outlook.

Moneta Markets | 542 days ago

Pound's Modest Rise Against the Dollar

The GBP/USD pair witnessed a slight uptick in the last session, increasing by 0.1%. The Commodity Channel Index (CCI) indicates a positive trend.

Bitcoin's Volatile Session

Bitcoin experienced a drop of 0.7% against the dollar in the last session, despite an intraday high of 4.5%. The Stochastic RSI is currently signalling positive.

Oil's Remarkable Surge

The Oil/USD pair saw a significant jump, soaring by 2.1% in the last session. The CCI suggests a continuing positive trend.

AUD/USD's Slight Downturn

The Australian Dollar experienced a minor decline of 0.2% against the US Dollar in the last session. The MACD is currently showing a negative signal.

Global Financial Headlines

Bitcoin spot exchange-traded funds witnessed an exceptional start, with trading volume hitting around $1.6 billion just minutes after the opening. Japan's Nikkei 225 Index reached a new 34-year high, surpassing 34,000 points. Investors are closely watching the Bank of Japan's policy normalisation. Gold prices edged higher as the dollar weakened, with markets awaiting the U.S. inflation report for further clues on the Federal Reserve's monetary policy.

Upcoming Economic Highlights

Today's major economic releases include:

• UK's Manufacturing Production - 0700 hours GMT

• Japan's Eco Watchers Survey (Current) - 0500 hours GMT

• Finland's Current Account - 0600 hours GMT

• US USDA WDE Report - 1700 hours GMT

• UK's Gross Domestic Product - 0700 hours GMT

• Japan's Eco Watchers Survey (Outlook) - 0500 hours GMT

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

ATFX Market Outlook 7th July 2025

U.S. dollar weakened against major currencies after President Trump’s landmark tax cut bill was passed, amid mounting pressure on countries to strike trade deals with Washington. As markets brace for the July 9 tariff deadline—targeting countries like Japan that have yet to reach agreements—the dollar index slipped 0.1% to 96.92.

ATFX | 8h 15min 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 | 3 days 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 | 3 days 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 | 4 days 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 | 4 days 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 | 5 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 | 5 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 | 5 days ago

EURUSD	1.1728	GBPUSD	1.36026	AUDUSD	0.64975
USDJPY	145.413	USDCAD	1.36629	USDCHF	0.79713