Daily Global Market Update

Oil gained 0.7%. The Australian dollar is overbought but unchanged. The Euro and Dollar-yen traded sideways; the Euro is overbought, and the Dollar-yen has a negative signal. China's gasoline exports hit a low. Japan's Nippon Steel VP will visit the US for a deal. Global stocks rose on potential Fed rate cuts.

Moneta Markets | 412 days ago

Oil's Positive Movement

Oil gained 0.7% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

AUD/USD's Steady Pace

The Aussie dollar price remained largely unchanged in the last session. According to the Williams %R indicator, we are in an overbought market.

EUR/USD's Sideways Trade

The Euro dollar pair traded sideways in the last session. According to the Commodity Channel Index (CCI), we are in an overbought market.

USD/JPY's Neutral Stance

The Dollar-yen pair traded sideways in the last session. The ROC is giving a negative signal.

Global Financial Headlines

China's gasoline exports in April fell to the lowest level since July 2015 as domestic travel and fuel use increased in the recovering economy. Japan's Nippon Steel Vice Chairman Takahiro Mori, a key negotiator for its planned purchase of US Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. World stock indexes rose for a seventh straight session and US Treasury yields also gained as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year.

Upcoming Economic Highlights

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

• Japan's Tertiary Industry Index - 0430 GMT

• US 3-month Bill Auction - 1530 GMT

• US 6-month Bill Auction - 1530 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

• China's FDI - 0900 GMT

• Hong Kong's Unemployment Rate - 0830 GMT

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

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

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

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 | 3 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 | 4 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 | 4 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 | 5 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 | 5 days ago

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