Daily Global Market Update

Oil up 1.3%, Aussie dollar steady, Euro sideways, Dollar-Yen neutral. S&P 500 nears record, Tencent solar microgrid, China suspends share lending. Key events: US Dallas Fed, 3-Month Bill Auction, Germany's Bundesbank, Irish Consumer Confidence, Japan's Unemployment, and Jobs/Applications Ratio.

Moneta Markets | 525 days ago

Oil's Impressive Surge

In the latest trading session, the oil-dollar pair witnessed a significant rise of 1.3%. The Stochastic RSI points towards an overbought market, suggesting caution among traders.

Aussie Dollar's Stable Performance

The Aussie dollar pair remained steady in the last session. The Stochastic RSI is emitting a positive signal, indicating potential for an upward movement.

Euro's Sideways Movement

The euro-dollar pair saw a sideways trend in its recent session. The Stochastic RSI indicates an oversold market, potentially hinting at a future uptick.

Dollar-Yen's Neutral Trend

In the last session, the dollar-Yen pair traded sideways. The ROC (Rate of Change) is giving a negative signal, suggesting bearish momentum may be on the horizon.

Global Financial Headlines

The S&P 500 has risen nearly 3% since December's end, approaching record highs, buoyed by expectations of a stable U.S. economic outlook coupled with cooling inflation. Chinese tech giant Tencent has embarked on a new microgrid project, capable of powering 6,000 households with solar energy. China's Securities regulator announces a full suspension of restricted share lending in a bid to stabilise the stock market after recent declines.

Today's Major Economic Events

Here's a brief overview of today's key economic releases:

• US Dallas Fed Manufacturing Business Index - 1530 GMT

• US 3-Month Bill Auction - 1630 GMT

• Germany's Bundesbank Monthly Report - 1100 hours GMT

• Irish Consumer Confidence - 0001 GMT

• Japan's Unemployment Rate - 2330 GMT

• Japan's Jobs/Applications Ratio - 2330 GMT

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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 | 11h 23min 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 | 12h 0min 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 | 13h 25min 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 | 15h 56min 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 | 17h 11min 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 | 18h 34min 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	1.17069	GBPUSD	1.36023	AUDUSD	0.64899
USDJPY	146.008	USDCAD	1.36731	USDCHF	0.79784