Daily Global Market Update

The Euro/Dollar pair saw a slight increase, while the Dollar/Yen remained stable. Gold prices traded sideways, and Google's stock rose. The pound strengthened against the dollar as expectations for US interest rate cuts grew. The S&P 500 and NASDAQ edged up due to a decline in US job data. Gold prices fell slightly.

Moneta Markets | 326 days ago

Euro/Dollar's Slight Uptick

The Euro/Dollar pair experienced a minor upward correction, gaining 0.2% in the last session. The MACD is giving a positive signal.

Dollar/Yen's Stability

The Dollar/Yen price remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal.

Gold's Sideways Movement

The Gold/Dollar pair traded sideways in the last session. The ROC is giving a positive signal.

Google's Stock Rise

Google shares rose by 0.4% in the last session. The ROC is giving a negative signal.

Global Financial Headlines

The pound steadied near the one-year high it touched against the dollar the previous day, with the US currency under pressure from rising expectations of Federal Reserve interest rate cuts. The S&P 500 and the NASDAQ edged up as a sharp downward revision in US jobs data for the year ended March 2024 indicated a slowdown in the labour market, propping up hopes the Federal Reserve would cut interest rates this month. Gold prices eased with investors looking forward to the minutes from the US Federal Reserve's latest policy meeting for more cues on interest rate cuts. Spot gold was down 0.2%.

Upcoming Economic Highlights

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

• UK's GfK Consumer Confidence - 2301 GMT

• Belgian Consumer Confidence Index - 0900 GMT

• Eurozone's Consumer Confidence - 1400 GMT

• US Initial Jobless Claims - 1230 GMT

• US Continuing Jobless Claims - 1230 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

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

Tags: Analysis

USDJPY, GBPUSD, BTCUSD

US CPI may offer clues on Fed's next move; USDJPY points up; UK CPI expected to remain steady; GBPUSD tilts down; Bitcoin flies above 123,000; next target at 125,000

XM Group | 2h 31min ago

The British pound is testing support, risking breaking it

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The British pound is testing support, risking breaking it

FxPro | 2h 37min ago

Gold: Is the latest bounce sustainable?

Gold crosses above 3,355 resistance as tariffs threats return. Short-term bias is positive but key obstacles still lie ahead. Support at 3,300–3,325 critical for downside risk.

XM Group | 5h 57min ago

Trump announces tariffs on Mexico and EU

Dollar gains as Trump continues his tariff threats - Traders could pay extra attention to tomorrow’s US CPI data - Wall Street indices slide, gold rises amid risk-off mood - Bitcoin hits a fresh record high as ‘Crypto Week’ begins

XM Group | 6h 27min ago

Confident acceleration of cryptocurrencies

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Confident acceleration of cryptocurrencies

FxPro | 6h 58min ago

USD/JPY Extends Gains as Market Monitors US Tariff Policy

The USD/JPY pair climbed to 147.42 on Monday. Early in the session, the yen staged a partial recovery from last week’s losses amid heightened global trade risks, but the rebound proved short-lived as the currency resumed its downward trajectory.

RoboForex | 7h 54min ago

EBC Markets Briefing | Euro hunkers amid trade tensions

The euro hit a 3-week low Monday, and the Mexican peso weakened as Trump threatened 30% tariffs on EU and Mexico imports starting in August.

EBC Financial Group | 8h 37min ago

Gold Shines as Trade Tensions Rise

On July 14, global markets turned risk-off after President Trump revived tariff threats targeting the EU and Canada. Gold surged past $3,350 on safe-haven bids, while USD/CAD spiked near 1.3700. EUR/USD rebounded toward 1.1700, and NZD/USD slid below 0.6000 ahead of key Chinese trade data. GBP/USD remained pressured around 1.3500 amid Brexit silence.

Moneta Markets | 8h 38min ago

EURUSD	1.16776	GBPUSD	1.3439	AUDUSD	0.65545
USDJPY	147.592	USDCAD	1.3685	USDCHF	0.79732