Daily Global Market Update

Bitcoin dipped despite investor interest, Nio stock rose, AUD gained slightly, gold dipped. Fed Chair's dovish remarks weakened dollar. Watch today's data for economic clues.

Bitcoin's Plunge

Bitcoin USD experienced a decrease of 1.4% against the dollar in the last session. The Stochastic RSI indicates that we are currently in an overbought market.

 

 

Nio's Stock Gain

Nio's shares rose by 1.6% in the last session. The MACD is giving a positive signal.

 

 

AUD/USD Minor Bump

The AUD/USD pair saw a slight increase of 0.1% in the last session. The Stochastic RSI indicates an overbought market.

 

 

Gold's Minor Correction

The gold-dollar pair experienced a minor decline of 0.1% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Global Financial Headlines

Gold prices edged down as treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to US jobs data for further signals on US interest rate cuts. Meanwhile, the dollar slipped after Powell's dovish remarks, hinting at possible US interest rate cuts later this year. Notably, over half of the top American hedge funds have now invested in newly launched spot Bitcoin ETFs.

 

Upcoming Economic Highlights

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

• Australia's Retail Sales - 0130 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

• Spain's Unemployment Change - 0700 GMT

• US ISM Services PMI - 1400 GMT

• Japan's Foreign Bond Investment - 2350 GMT

• US ADP Employment Change - 1215 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
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 | 1 day ago
Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

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 | 2 days ago
WTI Slides as Geopolitical Risks Ease | 1st July, 2025

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 | 3 days ago
Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

Oil Rises, Dollar Stalls as Risk Appetite Builds | 27th June, 2025

WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
Moneta Markets | 7 days ago
Aussie Rebounds, Dollar Dips Amid Tensions | 17th June, 2025

Aussie Rebounds, Dollar Dips Amid Tensions | 17th June, 2025

On June 17, 2025, global markets remain volatile as Israel-Iran tensions escalate into a fifth day of conflict, with Iran threatening to close the Strait of Hormuz, boosting WTI crude to $70.60. Gold (XAU/USD) retreats below $3,400 to $3,390, pressured by USD strength (DXY at 98.20) but supported by safe-haven demand.
Moneta Markets | 17 days ago