Daily Global Market Update

Markets: Oil-dollar, Aussie dollar, Euro-dollar, and dollar-yen sideways. Global: Saudi Aramco on China demand, Rivian's stock surge, Asian stocks high. Upcoming: US Bill auctions, Finland's account, Eurogroup meeting, Japan's Tool Orders, and Producer Price Index.

Oil Dollar Pair's Sideways Movement

The oil-dollar pair traded sideways in the last session. The Commodity Channel Index (CCI) is delivering a negative signal.

 

 

Aussie Dollar's Steady State

The Aussie dollar pair traded sideways in the last session. The Williams %R indicator's negative signal contradicts our overall technical analysis.

 

 

Euro Dollar's Stability

The Euro-dollar price remained largely unchanged in the last session. The MACD is issuing a positive signal, aligning with our overall technical analysis.

 

 

Dollar Yen's Sideways Trade

The dollar-Yen pair traded sideways in the last session. The MACD is providing a negative signal.

 

 

Global Financial Headlines

Saudi Aramco's CEO, Amin Nasser, discussed the robust and growing demand for oil in China, coinciding with the company's profit results announcement. Rivian's shares surged following high demand for its R2 SUV, signaling potential growth in the mass market. Asian stocks reached a seven-month high, buoyed by anticipation of an interest rate easing cycle from major central banks, putting pressure on the dollar and treasury yields.

 

Upcoming Economic Highlights

Today's significant economic events:

• US 6-month and 3-month Bill auctions - 1530 GMT

• Finland's current account - 0600 GMT

• Eurozone's Eurogroup meeting - 0700 GMT

• Japan's Machine Tool Orders - 0600 GMT

• Producer Price Index 2350 - GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
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Dollar fights an uphill battle amidst mounting tariff pressure

Dollar fights an uphill battle amidst mounting tariff pressure

More Trump letters to be sent, with copper, chips and pharmas next on the tariff list; Dollar struggles to hold recent gains, except versus the yen; US equities on the back foot, underperforming their European counterparts; RBNZ stands pat; Antipodeans post small gains against the greenback;
XM Group | 3h 40min ago
ATFX Market Outlook 9th July 2025

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 50min ago
Gold Drops Below $3,300 as Fed Rate Forecasts Shift

Gold Drops Below $3,300 as Fed Rate Forecasts Shift

Gold prices fell below 3,300 USD per troy ounce on Wednesday, extending losses after a 1% decline the previous day. The downward pressure stemmed from the Federal Reserve’s cautious stance, which partially offset concerns over escalating trade tensions.
RoboForex | 4h 10min ago
Oil and Copper Surge as Geopolitical and Trade Risks Escalate | 9th July, 2025

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 28min ago