Daily Global Market Update

The Euro gained 0.2% against the dollar, while the USD/JPY remained stable. Gold rose by 0.8%, despite mixed technical signals. Google stocks increased by 0.3%. Global markets reacted to a weakening dollar, UK economic growth, and rising oil prices.

Euro Gains Against Dollar

The Euro saw an uptick of 0.2% against the dollar in the last session. The MACD's positive signal aligns with our overall technical analysis.

 

 

Stable Yen Against Dollar

The USD/JPY pair remained largely unchanged in the last session. The MACD indicates a negative outlook, suggesting caution.

 

 

Gold's Upward Trend

Gold appreciated by 0.8% against the dollar in the recent session. Despite the Stochastic RSI's negative signal, gold's performance contradicts our overall technical analysis.

 

 

Google Stocks Continue to Climb

Google's stock experienced a modest increase of 0.3% in the last session. The RSI's positive signal suggests a bullish outlook.

 

 

Global Financial Headlines

The dollar weakened following a rise due to hotter-than-expected US inflation data, as investors awaited further economic indicators that might influence Federal Reserve rate cuts. The UK's economy showed signs of growth in January after a brief recession, signaling potential relief for Prime Minister Rishi Sunak. Oil prices have increased due to expected strong global demand, particularly from the US, despite persistent inflation.

 

Upcoming Economic Highlights

Today's key economic releases include:

• US Retail Sales - 1230 GMT

• US Initial Jobless Claims - 1230 GMT

• UK RICS Housing Price Balance - 0001 GMT

• US Producer Price Index - 1230 GMT

• Spain's Harmonized Index of Consumer Prices - 0800 GMT

• Finland's Consumer Price Index - 0600 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%
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Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

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ATFX Market Outlook 8th July 2025

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