Daily Global Market Update

Pound dips, Bitcoin falls, Oil rises, Aussie drops. North Korean hackers launder $12M in Ether. China keeps key rate. Economic data from France, Japan, US, Finland, UK.

Pound's Recent Decline

The Pound experienced a decrease of 0.3% against the dollar in the last trading session. The Williams indicator is signalling a negative outlook.

 

 

Bitcoin's Dramatic Drop

The Bitcoin-dollar pair saw a significant drop of 2.2% in the last session. The MACD is giving a positive signal.

 

 

Oil's Surge

The oil-dollar pair surged by 1.4% in the last session. The RSI is indicating a positive market.

 

 

Aussie's Downturn

The Australian dollar fell by 0.6% against the US dollar in the last session. The Stochastic RSI is signalling a negative outlook.

 

 

Global Financial Headlines

North Korean hackers, tied to the infamous Lazarus group, have used coin mixing service Tornado Cash to launder $12 million worth of Ether in 24 hours. More than 40 transactions have been sent by the Lazarus group to Tornado Cash on March 13th and March 14th. China's Central Bank is expected to leave a key policy rate unchanged today amid uncertainty over the timing of expected Federal Reserve interest rate cuts. Oil prices climbed, supported by strong demand in the US after gasoline stocks hit a 3-month low and crude stockpiles dropped unexpectedly, with supply concerns remaining after Ukrainian attacks on Russian refineries.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• French Consumer Price Index - 0745 GMT

• Japan's Tertiary Industry Index - 0430 GMT

• US Industrial Production - 1315 GMT

• Finland's Gross Domestic Product - 0600 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

• UK's Consumer Inflation Expectations - 0930 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 | 6h 33min 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 | 6h 43min 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 | 7h 3min 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 | 10h 21min ago