Daily Global Market Update

The GBP/USD moved sideways, Bitcoin dropped 1%, and oil dipped slightly despite a positive MACD. AUD/USD fell 0.6% in an overbought market. Global trends show reduced Bitcoin inflows, lower US business activity, and a minor oil price rebound. Key economic data releases are expected today.

Moneta Markets | 325 days ago

GBP/USD Pair's Sideways Movement

The GBP/USD pair traded sideways in the last session. The ROC is giving a negative signal, aligning with our overall technical analysis.

Bitcoin's Sharp Decline

The Bitcoin-dollar pair plummeted 1% in the last session. The Stochastic indicator is giving a negative signal.

Oil's Minor Dip

The oil-dollar pair saw a minor dip of 0.2% in the last session. The MACD is giving a positive signal, contrary to the overall price movement.

AUD/USD Pair's Decline

The last session saw the Aussie drop 0.6% against the dollar. According to the Stochastic RSI, we are in an overbought market.

Global Financial Headlines

Despite transfers from the Mt. Gox bankruptcy estate and worries of a US Government sell-off, Bitcoin exchange inflows have dropped significantly since early August. After a strong start to the month, US business activity fell to a 4-month low in August, and firms continued to struggle to pass on higher prices to customers, bolstering the likelihood that inflation will stay on a downward trend over the coming months. Oil prices settled up more than 1% as expectations for a US interest rate cut in a few weeks fuelled a rebound after 4 days of price declines. Brent crude futures settled up 1.54%.

Upcoming Economic Highlights

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

• US New Home Sales - 1400 GMT

• US Baker Hughes US Oil Rig Count - 1700 GMT

• French Business Climate in Manufacturing - 0645 GMT

• Japan's CFTC JPY NC Net Positions - 1930 GMT

• UK CFTC GBP NC Net Positions - 1930 GMT

• Canada's Retail Sales - 1230 GMT

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

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 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

ATFX Market Outlook 14th July 2025

Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1. Wall Street ended lower on Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.

ATFX | 11h 2min ago

ATFX Market Outlook 11th July 2025

U.S. stock indices, the S&P 500 and Nasdaq, closed slightly higher on Thursday, both reaching new record closing highs. Optimism was boosted by Delta Air Lines' positive earnings forecast and Nvidia's record-breaking market capitalisation, helping investors remain unfazed by Trump’s latest tariff announcements.

ATFX | 3 days ago

GBP/USD Hits Two-Week Low as Pressure Mounts

The GBP/USD pair dropped to 1.3602 on Thursday, marking a two-week low amid a strengthening US dollar and growing concerns over the UK’s public finances.

RoboForex | 4 days ago

GBPUSD sets the ground for a pivot

GBP/USD selling pressures ease shortly after pullback from 3-year high. Technical signals favor bullish rotation; break above 1.3620 is needed.

XM Group | 4 days ago

ATFX Market Outlook 10th July 2025

U.S. President Donald Trump announced new tariffs on seven countries, stating earlier this week that a 25% tariff would be imposed on Japan and other trade partners starting in August. Despite this, Wall Street closed higher on Wednesday, with the tech-heavy Nasdaq leading the gains.

ATFX | 4 days ago

EURUSD	1.16772	GBPUSD	1.3439	AUDUSD	0.65547
USDJPY	147.594	USDCAD	1.36851	USDCHF	0.79733