Daily Global Market Update

Gold, Euro, Pound, Bitcoin Decline; Global Markets React. Powell's Remarks Impact Wall Street. Multicoin Capital to Sell FTX Claim. Stellantis Denies Renault Merger. Upcoming: Japan's Reserves, RBA Decision, Germany's Orders, Eurozone Retail, UK's BRC Sales.

Moneta Markets | 517 days ago

Gold's Descent

The gold-dollar pair experienced a 0.6% decline in the last session. However, the Stochastic indicator hints at a potential reversal.

Euro's Latest Tumble

The Euro dipped 0.3% against the dollar in the last trading session. The Relative Strength Index (RSI) suggests a bearish outlook ahead.

Pound's Struggle

The pound witnessed a 0.6% fall against the dollar in the last trading session, with the Ultimate Oscillator pointing towards a bearish momentum.

Bitcoin's Recent Downturn

Bitcoin against the dollar dropped by 0.3% in the last session, with the Stochastic RSI indicating bearish signals.

Global Financial Headlines

Wall Street indices dipped as Jerome Powell, the Fed Chair, countered market speculations about imminent rate cuts. Meanwhile, Multicoin Capital seeks to sell its FTX bankruptcy claim, possibly benefiting from recent positive developments. Stellantis dispelled rumors of a merger with Renault, emphasizing its commitment to its long-term business plan.

Upcoming Economic Highlights

Today's economic calendar is packed with notable releases, including Japan's Foreign Reserves, the RBA's rate statement and interest rate decision, Germany's Factory Orders, the Eurozone's Retail Sales, and the UK's BRC Like-for-Like Retail Sales.

• Japan's Foreign Reserves - 2350 GMT

• Australia's RBA Rate Statement and Interest Rate Decision - 0330 GMT

• Germany's Factory Orders - 0700 GMT

• Eurozone's Retail Sales - 1000 GMT

• UK's BRC Like-for-Like Retail Sales - 0001 GMT

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Tags: Analysis

ATFX Market Outlook 8th July 2025

U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.

ATFX | 2h 47min ago

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 | 19h 49min 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 | 20h 26min 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 | 21h 51min 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 | 1 day 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 | 1 day 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 | 1 day 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

EURUSD	1.17392	GBPUSD	1.36318	AUDUSD	0.65399
USDJPY	145.993	USDCAD	1.36561	USDCHF	0.79686