Daily Global Market Update

Oil up 0.7% on overbought market. Aussie-Dollar steady, potential upturn. Euro-Dollar sideways, positive Stochastic RSI. Dollar-Yen stable. Chinese EVs expand, Nvidia's earnings rise. Asian markets upward. Key releases: Dutch Confidence, Finland CPI, Germany Report, UK House Price, China FDI, Korea Sentiment Index.

Moneta Markets | 505 days ago

Oil's Upward Movement

The Oil-Dollar pair saw a notable increase of 0.7% in the last session, with a peak rise of 1%. The Williams Percent Range indicator points towards an overbought market condition.

Aussie's Steady Pace

The Aussie-Dollar pair remained steady in the last session. The Williams Percent Range indicator is showing a positive signal, suggesting potential upward movement.

Euro's Sideways Trade

The Euro-Dollar pair traded sideways in the last session. The Stochastic RSI indicator is giving a positive signal, hinting at a potential shift in momentum.

Dollar-Yen's Stability

The Dollar-Yen pair showed little change in the last session. According to the Stochastic indicator, the market is currently overbought.

Global Financial Headlines

Chinese EV manufacturers, after years of explosive growth, are facing a domestic demand slowdown. This is driving them to expand globally, challenging traditional auto giants. Nvidia is set to release its earnings report, with Wall Street anticipating a significant increase. Asian markets have continued their upward trend, marking the fourth consecutive week of gains despite mild recessions and weak retail sales in key economies.

Upcoming Economic Highlights

Today's economic calendar is bustling with key releases:

• Dutch Consumer Confidence at 0530 GMT

• Finland's Consumer Price Index at 0600 GMT

• Germany's Bundesbank Monthly Report at 1100 GMT

• UK's Rightmove House Price Index at 0001 GMT

• China's Foreign Direct Investment at 0900 GMT

• Korea's Consumer Sentiment Index at 2100 GMT

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Tags: Analysis

The crypto market continues to rise, stumbling along the way

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market continues to rise, stumbling along the way

FxPro | 6h 38min ago

US tariff letters boost dollar, dent risk appetite

Trump letters and August 1 deadline in focus; Dollar strengthens as both China and the EU avoid tariff letters; Equities are wobbly, while gold confirms lingering demand; Aussie gains as RBA surprises by keeping rates unchanged

XM Group | 9h 13min ago

EURJPY shines at fresh one-year high

EUR/JPY confirms bullish continuation to one-year high. Upward move looks overdone, pullback likely. Sellers may be waiting below 170.15.

XM Group | 9h 18min ago

EUR/USD Declines as Markets Await US Tariff Developments

The EUR/USD pair dropped to 1.1746 on Tuesday, with the US dollar holding a slight edge before correcting. The greenback faced pressure after Donald Trump announced new tariffs on 14 countries that have yet to secure trade agreements with the US.

RoboForex | 9h 48min ago

EBC Markets Briefing | Sterling looks like a safe haven now

Sterling reached its highest since October 2021 after Trump announced new tariffs on Japan, South Korea, and others, effective August 1.

EBC Financial Group | 10h 3min ago

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.

Moneta Markets | 12h 23min ago

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 | 14h 54min 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 | 1 day ago

EURUSD	1.17243	GBPUSD	1.35913	AUDUSD	0.65305
USDJPY	146.71	USDCAD	1.36834	USDCHF	0.79574