Daily Global Market Update

Euro gains against the dollar; technicals support. USD/JPY trades sideways with contradicting signals. Gold rises, but Stochastic RSI indicates overbought market. Nike shares drop with negative ROC. Dollar index holds near 4-month high; Japan's economy recovers. Gold prices surge amid inflation concerns. Key economic events include US jobless claims and Eurozone's PPI release.

Moneta Markets | 457 days ago

EUR/USD Pair's Gain

The Euro gained 0.6% against the dollar in the last session. The MACD is giving a negative signal, aligning with our overall technical analysis.

USD/JPY Pair's Sideways Movement

The dollar-yen pair traded sideways in the last session. The Ultimate Oscillator's negative signal contradicts our overall technical analysis.

Gold's Rise Against the Dollar

Gold rose by 0.8% against the dollar in the last trading session. According to the Stochastic RSI, we are in an overbought market.

Nike Shares' Drop

Nike shares dropped by 0.9% in the last session. The ROC is giving a negative signal.

Global Financial Headlines

The dollar index held near its highest level in over 4 months, pinning the yen close to its lowest in decades. Japan's economic output recovered to full capacity for the first time in about 4 years in the October to December quarter, a positive sign that may allow the central bank to raise interest rates again. Gold prices extended a record run as concerns of inflationary pressures boosted demand for bullion as a hedge, with traders shrugging off doubts over an imminent US interest rate cut and rising treasury yields. Gold has gained more than 10% so far this year.

Upcoming Economic Highlights

Here's a brief rundown of today's most important economic events:

• US Continuing Jobless Claims - 12:30 GMT

• US Initial Jobless Claims - 12:30 GMT

• Eurozone's Producer Price Index - 09:00 GMT

• Japan's Overall Household Spending - 23:30 GMT

• Japan's JP Foreign Reserves - 23:50 GMT

• UK's 10-Year Bond Auction - 09:30 GMT

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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 | 1 day 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 | 2 days ago

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions

ATFX | 2 days ago

Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

On July 2, the USD stabilizes as Fed rate cut bets build. GBP/USD nears 1.3750 highs, NZD/USD extends above 0.6120, and AUD/USD holds near 0.6820 despite soft retail sales. USD/JPY recovers to 146.20, while silver dips below $36. Markets await US labor data and Fed remarks for direction ahead of July 4.

Moneta Markets | 3 days ago

ATFX Market Outlook 2nd July 2025

Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.

ATFX | 3 days ago

EURUSD hits another milestone

EURUSD upgrades short-term outlook as non-stop rally reaches 1.1800. Technical picture reflects cooling buying interest.

XM Group | 3 days ago

WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI dips below $64.50 as Middle East tensions ease, dampening supply fears. Silver struggles under $36, while AUD and NZD stay muted on weak China PMI. USD/JPY steadies near 145.90, and the yen holds gains on USD weakness. Traders now eye US ISM PMI and Fed minutes for clues on policy and market direction.

Moneta Markets | 4 days ago

US500, EURUSD, USDJPY

New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases

XM Group | 4 days ago

EURUSD	1.17788	GBPUSD	1.36532	AUDUSD	0.65507
USDJPY	144.479	USDCAD	1.36033	USDCHF	0.79342