Daily Global Market Update

Bitcoin up 0.6%, caution due to overbought signals. Volkswagen down 1%, indicating a negative outlook. AUD rose 0.2%, potential volatility ahead. Gold up 0.4%, signaling optimism. Global highlights: oil near three-week highs, USD strength, MasterCard integrating cryptocurrency. Economic events include Japan's foreign investment, Eurozone's consumer confidence, and UK's public sector borrowing.

Moneta Markets | 503 days ago

Bitcoin's Overbought Condition

Bitcoin witnessed a growth of 0.6% against the dollar in the latest session. The RSI, however, signals an overbought market condition, suggesting caution among traders.

Volkswagen's Market Struggles

Volkswagen's stock declined by 1% in the last session, with the CCI indicating a negative outlook for the automotive giant.

AUD's Minor Rise

The AUD saw a modest increase of 0.2% in its last trading session. The CCI suggests that the market is currently overbought, pointing towards potential future volatility.

Gold's Positive Outlook

Gold experienced a 0.4% rise against the dollar in the last session. The RSI provides a positive signal, suggesting an optimistic outlook for the precious metal.

Global Financial Headlines

Oil prices hovered near three-week highs, affected by Middle East tensions and China's recovering demand. The US dollar's strength is closely watched due to its impact on foreign demand, especially as it strengthens above 1550 yen amid expectations of persistently high US interest rates. In the digital payments arena, MasterCard's collaboration with Swoo Pay aims to bridge gaps in the global payments landscape by integrating cryptocurrency into loyalty rewards.

Upcoming Economic Highlights

Here's a brief overview of today's major economic events:

• Japan's Foreign Investment in Japan Stocks - 2350 hours GMT

• Japan's Foreign Bond Investment - 2350 hours GMT

• Eurozone's Consumer Confidence - 1500 hours GMT

• Belgian Consumer Confidence Index - 1500 hours GMT

• UK's Public Sector Net Borrowing - 0700 hours GMT

• US MBA Mortgage Applications - 1200 hours 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 | 11h 57min 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 | 14h 31min 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 | 14h 37min 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 | 15h 7min 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 | 15h 22min 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 | 17h 41min 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 | 20h 13min 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	1.17273	GBPUSD	1.3593	AUDUSD	0.65303
USDJPY	146.696	USDCAD	1.36641	USDCHF	0.79573