Daily Global Market Update

Oil price dipped but technical indicators suggest potential rise. Aussie dollar and Euro dollar also show positive technical signals despite minor decline. Dollar Yen remains flat with negative RSI. Global stocks rose on positive Foxconn earnings and hopes of US rate cuts. Today's key events include Japan's economic outlook, Germany trade data, and Eurozone Euro Group meeting.

Moneta Markets | 362 days ago

Oil Recent Developments

The oil price dropped by 0.7% against the dollar in the last session. The MACD is giving a positive signal.

Aussie Dollar's Minor Dip

The Aussie dollar pair saw a minor dip of 0.1% in the last session. The RSI is giving a positive signal.

Euro-Dollar Stability

The Euro dollar price remained largely unchanged in the last session. The MACD is giving a positive signal.

Dollar-Yen's Unchanged Position

The dollar Yen price remained largely unchanged in the last session. The RSI is giving a negative signal.

Global Financial Headlines

Oil prices settled low to end last week as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Taiwan's Foxconn, the world's largest contract electronics maker and Apple's biggest iPhone assembler, posted better than expected quarterly revenue on AI server demand and forecast continued growth in the current quarter. Wall Street stock indexes closed firmer to end last week with the tech-heavy NASDAQ and Benchmark S&P 500 hitting record highs as new data showing US labor market weakness boosted expectations for interest rate cuts as early as September.

Upcoming Economic Highlights

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

• Japan's Eco Watchers Survey Outlook - 0500 GMT

• Germany's Trade Balance - 0600 GMT

• UK's BRC Like-for-Like Retail Sales - 2301 GMT

• Eurozone's Euro Group Meeting - 0700 GMT

• UK CFTC GBP NC Net Positions - 1930 GMT

• US 6-Month Bill Auction - 1530 GMT

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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 | 1 day 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 | 1 day 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 | 1 day 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 | 1 day 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 | 1 day 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 | 2 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 | 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 | 2 days ago

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