Daily Global Market Update

Gold surged, euro rose slightly, pound gained, Bitcoin fell. US stocks hit highs, Hong Kong Bitcoin ETFs lag. Tesla cuts jobs. Economic events include Germany's Trade Balance, US 3-Year Note Auction, Japan's PMI, and Australia's RBA decision.

Moneta Markets | 425 days ago

Gold's Surging Momentum

The gold-dollar pair surged by 1.3% in the last session, marking a significant uptrend. The CCI (Commodity Channel Index) is signaling a positive momentum shift.

Euro's Minor Upswing

The euro-dollar pair experienced a slight upward correction, gaining 0.1% in the last session. However, the stochastic indicator is giving a cautious negative signal.

Pound's Marginal Gain

The pound managed a slight increase of 0.1% against the dollar in the last session. However, the ultimate oscillator is indicating a negative outlook.

Bitcoin's Declining Trend

Bitcoin experienced a decline of 1% against the dollar in the last session, indicating a downward trend. The ROC (Rate of Change) is confirming the negative sentiment.

Global Financial Updates

US stock indexes continued their upward trajectory from last week, with investors increasingly betting on a potential interest rate cut by the Federal Reserve. Both the S&P 500 and NASDAQ hit record highs. Meanwhile, Hong Kong's spot Bitcoin ETFs are lagging behind their US counterparts in performance since their recent launch, attracting $262 million in assets under management. In other news, Tesla announced layoffs in its software service and engineering departments as part of its workforce reduction strategy.

Upcoming Economic Events

Here are today's major economic events to keep an eye on:

• Germany's Trade Balance - 0600 GMT

• Germany's Factory Orders - 0600 GMT

• US 3-Year Note Auction - 1700 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

• Australia's RBA Interest Rate Decision - 0430 GMT

• Australia's RBA Rate Statement - 0430 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Tags: Analysis

Why Silver could be the precious metal of 2025

The gold bar is metallic yellow and slightly behind the silver bar, which is metallic white and positioned in front. Gold may still be the headline act, but silver’s no longer content playing second fiddle. In 2025, silver isn’t just glittering - it’s surging forward as one of the most exciting metals on the market.

Deriv | 2 days ago

Risk-on sentiment fades as tariffs return to the spotlight

Dollar surrenders gains posted after robust labour market report; Trump celebrates US budget bill approval; scheduled to sign it today; Most Fed members feel more comfortable as July rate cut is priced out; Oil steadies near $66, gold rally retains momentum;

XM Group | 2 days ago

USDCAD shrugs off upbeat US jobs data

USDCAD fails to rebound despite stronger US nonfarm payrolls. Bearish trend likely to continue; next support near 1.3455.

XM Group | 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 | 2 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 | 2 days ago

Nonfarm payrolls take center stage

Slide in US private payrolls raise concerns about NFP miss - US strikes trade deal with Vietnam ahead of July 9 deadline - Pound feels the heat of fiscal shenanigans - S&P 500 hits fresh record high ahead of jobs report

XM Group | 3 days ago

Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses

On Thursday, the price of gold fell to 3,340 USD per troy ounce, partially correcting the previous day’s gains. The decline reflects growing optimism over trade agreements, which reduced demand for gold as a safe-haven asset.

RoboForex | 3 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 | 3 days ago

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