Daily Global Market Update

GBP/USD and Bitcoin rose, oil gained, and AUD/USD uplifted. Tesla's Bitcoin holdings stirred discussion, China's trade signals positivity, and gold prices surged. Economic highlights: Eurozone GDP, UK NIESR GDP, Germany's Industrial Production, US Hourly Earnings, Japan's Eco Watchers Survey, and UK CFTC GBP net positions.

Moneta Markets | 488 days ago

Pound/Dollar's Positive Movement

The GBP/USD pair rose by 0.5% in the last session. The MACD is giving a positive signal.

Bitcoin's Notable Rise

The Bitcoin dollar pair rose 1.8% in the last session, after gaining as much as 2.8% during the session. The RSI indicates an overbought market.

Oil's Increment Against Dollar

Oil gained 0.5% against the dollar in the last session. The Stochastic RSI is giving a negative signal.

Aussie's Uplift Against Dollar

The AUD/USD pair rose by 0.8% in the last session. According to the CCI, we are currently in an overbought market.

Global Financial Headlines

Tesla's Bitcoin holdings have sparked renewed discussion in the cryptocurrency community. China's export and import growth exceeded forecasts, signaling a positive turn for global trade and economic recovery. Gold prices have surged to a record high, fueled by US economic data and indications from the Federal Reserve Chair of potential rate cuts.

Upcoming Economic Highlights

Today's key economic events include the Eurozone's Gross Domestic Product, the UK's NIESR GDP estimate, Germany's Industrial Production, US Average Hourly Earnings, Japan's Eco Watchers Survey Outlook, and the UK's CFTC GBP net positions.

• Eurozone's Gross Domestic Product - 1000 GMT

• UK's NIESR GDP Estimate - 1200 GMT

• Germany's Industrial Production - 0700 GMT

• US Average Hourly Earnings - 1330 GMT

• Japan's Eco Watchers Survey Outlook - 0500 GMT

• UK's CFTC GBP Net Positions - 2030 GMT

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ATFX Market Outlook 9th July 2025

On Tuesday, U.S. President Donald Trump escalated the global trade war by announcing a 50% tariff on imported copper and reiterated that long-threatened tariffs on semiconductors and pharmaceuticals are also imminent. U.S. equities ended mixed as investors awaited further clarity on trade policy. The Dow Jones Industrial Average fell 0.37%, the S&P 500 dipped 0.07%, while the Nasdaq edged up 0.03%

ATFX | 3h 51min ago

Oil and Copper Surge as Geopolitical and Trade Risks Escalate | 9th July, 2025

On July 9, oil jumps above $67.00 on renewed Red Sea attacks, while copper surges past $5.50 after Trump vows 50% tariffs if re-elected. DXY edges up past 97.50 ahead of FOMC Minutes. China’s CPI surprises slightly at 0.1% YoY, offering mixed signals. AUD/USD trades flat, and markets brace for further volatility driven by Fed outlook and trade policy threats.

Moneta Markets | 7h 29min 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 | 1 day 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 | 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 | 2 days ago

Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025

On July 4, strong U.S. jobs data boosts the dollar, but Trump’s tariff warning sparks trade uncertainty. USD/CAD dips near 1.3600 as oil rebounds; AUD/USD slips below 0.6650. NZD/USD holds near 0.6050, GBP/USD steadies at 1.3650, and USD/CNY stays firm as PBOC signals caution. Markets eye ISM data and tariff updates for next moves.

Moneta Markets | 5 days ago

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.

ATFX | 5 days ago

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.

Moneta Markets | 6 days ago

EURUSD	1.17046	GBPUSD	1.35932	AUDUSD	0.65211
USDJPY	146.66	USDCAD	1.3698	USDCHF	0.79629