Daily Global Market Update

The pound-dollar pair rose slightly, Bitcoin surged, oil gained, and the Australian dollar strengthened. Digital Currency Group saw a revenue surge, the Bank of England hinted at a rate cut, and oil prices rose. Economic highlights today include releases from the UK, Austria, the US, Japan, and Italy.

Pound-Dollar Pair's Upward Correction

The pound-dollar pair experienced a minor upwards correction in the last session, gaining 0.2%. The ROC (Rate of Change) is indicating a positive signal.

 

 

Bitcoin-Dollar Pair's Surge

The Bitcoin-dollar pair surged by 2.4% in the last session. The MACD (Moving Average Convergence Divergence) is giving a positive signal.

 

 

Oil's Gain Against the Dollar

Oil gained by 0.3% against the dollar in the last session. The Stochastic RSI is indicating a positive signal.

 

 

Australian Dollar's Gain

The Aussie gained by 0.6% against the dollar in the last session. The ROC is giving a positive signal.

 

 

Global Financial Headlines

Digital Currency Group witnessed a surge in revenue in the first quarter of 2024, driven by the recovery of crypto markets. The crypto conglomerate's revenue jumped 51% year-over-year to $229 million. The Bank of England took another step towards lowering interest rates, with Governor Andrew Bailey expressing optimism about the direction of the economy. The BoE's Monetary Policy Committee voted 7 to 2 to maintain rates at a 16-year high of 5.25%. Oil prices reached a one-week high, supported by data from China and the US indicating potential demand growth in the world's top two crude-consuming nations.

 

Upcoming Economic Highlights

Here's a glimpse of today's major economic events:

• UK's Industrial Production - 0600 GMT

• Austria's Industrial Production - 0700 GMT

• US Michigan Consumer Sentiment Index - 1400 GMT

• Japan's EC Watchers Survey Current - 0500 GMT

• Italy's Industrial Sales - 1000 GMT

• UK's Gross Domestic Product - 0600 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
Why Silver could be the precious metal of 2025

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 

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
ATFX Market Outlook 4th July 2025

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

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
Rate Shifts Steer FX Markets as Silver Holds Strong

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