Daily Global Market Update

Euro-Dollar steady, oversold; Dollar gains 0.6% vs Yen, overbought; Gold down 1%, bearish trend; Nike shares -0.2%, negative signal; US Dollar peaks, robust retail data; Global stocks fall, rate cut resistance; UK CPI at 4%, rate cut unlikely; Upcoming: Dutch, Australian unemployment, Euro account, Japan CPI, UK housing, Australian employment.

Moneta Markets | 536 days ago

Euro-Dollar Pair's Sideways Movement

The Euro-Dollar pair exhibited a sideways trend in the last session. The CCI indicator points towards an oversold market condition.

Dollar's Gain Against the Yen

In the last session, the Dollar strengthened by 0.6% against the Yen. The CCI suggests we are currently in an overbought market.

Gold's Downward Trend

Gold saw a decline of 1% in the latest session. The Ultimate Oscillator's negative signal corroborates the downtrend observed in gold.

Nike Shares' Minor Correction

Nike shares experienced a slight downward adjustment, dropping by 0.2% in the last session. The Stochastic RSI indicates a negative signal for Nike's stock.

Global Financial Headlines

The US Dollar Index reached a new one-month high following US retail sales data, which indicated economic robustness and reduced likelihood of immediate Federal Reserve rate cuts. Meanwhile, global stocks declined as markets adjusted to central banks resisting interest rate cuts and uneven signs of China's economic recovery. The UK's annual CPI accelerated to 4% in December, suggesting a reduced likelihood of an early Bank of England rate cut.

Upcoming Economic Highlights

Key economic releases to look out for include:

• Dutch Unemployment Rate - 0530 GMT

• Australia's Employment Change - 0030 GMT

• Euro Zone's Current Account - 0900 GMT

• Japan's National CPI - 2330 GMT

• UK's RICS Housing Price Balance - 0001 GMT

• Australia's Unemployment Rate - 0030 GMT

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

Tags: Analysis

Markets await trade deals as Trump makes new tariff threats

Dollar edges higher, gold slips despite confusion and renewed trade tensions. Trump delays tariff deadline to August 1, says trade deals are close. Wall Street hits record after Congress passes Big Beautiful Bill. Oil recovers from lows after OPEC+ hikes output more than expected.

XM Group | 6h 18min ago

Yen Weakens as Japanese Data Sends Mixed Signals

The USD/JPY pair edged higher on Monday, reaching 144.81, as the yen relinquished its earlier gains. The currency faced downward pressure following the release of disappointing wage figures, which dampened expectations for further monetary policy tightening by the Bank of Japan.

RoboForex | 6h 55min ago

EBC Markets Briefing | Trump pits European stocks against Wall St

European shares fell Friday due to declines in banks and mining stocks, as attention shifts to the July deadline for a trade deal with the White House.

EBC Financial Group | 8h 20min ago

Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

On July 7, gold slips below $3,350 as the USD strengthens and traders take profit amid tariff-related jitters. Silver lingers under $37. EUR/USD and NZD/USD retreat on weak sentiment, while USD/CAD rises above 1.3900 as oil weakens. Markets brace for key data including US CPI and Eurozone retail sales, with Fed speeches also in focus.

Moneta Markets | 10h 51min ago

ATFX Economic Calendar- 2025.07.07~2025.07.11

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.

ATFX | 12h 6min ago

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 | 13h 29min ago

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 | 3 days 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 | 3 days ago

EURUSD	1.17271	GBPUSD	1.36196	AUDUSD	0.65045
USDJPY	145.821	USDCAD	1.36593	USDCHF	0.79699