Daily Global Market Update

The EUR/USD pair remained stable, while the USD/JPY pair saw a minor upward correction. Gold fell against the dollar, and NIO shares plummeted. The Federal Reserve cut interest rates by half a percentage point, leading to a drop in the dollar and modest losses in US stocks.

Moneta Markets | 287 days ago

EUR/USD Remains Stable

The EUR/USD pair remained largely unchanged in the last session. The Stochastic RSI indicates that the market is currently overbought.

USD/JPY's Minor Upward Correction

The USD/JPY pair made a minor upward correction in the last session, gaining 0.1%. The Ultimate Oscillator is currently giving a positive signal.

Gold's Decline Against the Dollar

Gold fell by 0.5% against the dollar in the last session. The Stochastic RSI is giving a negative signal.

NIO Shares Plummet

Shares of NIO plummeted 7.7% in the last session. The Commodity Channel Index (CCI) is giving a negative signal.

Global Financial Headlines

The dollar dropped after the Federal Reserve cut interest rates by half a percentage point, citing great confidence that inflation will continue to recede to the US Central Bank's 2% annual target. This larger-than-usual reduction in borrowing costs followed growing unease about the health of the job market. US stocks closed with modest losses, well off their intraday highs, after the Federal Reserve's decision, which marked its first cut in more than four years.

Upcoming Economic Highlights

Key economic events to look out for include:

• Dutch Unemployment Rate - 0430 GMT

• Germany's German Buba Monthly Report - 1000 GMT

• Australia's Unemployment Rate - 0130 GMT

• UK's GfK Consumer Confidence - 2301 GMT

• US Initial Jobless Claims - 1230 GMT

• Australia's Employment Change - 0130 GMT

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

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 | 1h 42min 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 | 22h 52min 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 | 1 day 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 | 1 day 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 | 1 day ago

US500, EURUSD, USDJPY

New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases

XM Group | 2 days ago

Gold Slips, Dollar Dips as Risk Sentiment Improves | 30th June, 2025

Gold dips toward $3,250 as risk sentiment improves and safe-haven demand fades. EUR/USD and GBP/USD stay firm above 1.1700 and 1.3700, while USD/CAD weakens to 1.3650 on rising oil and trade hopes. Trump's renewed Fed criticism shakes USD sentiment ahead of key inflation and GDP data this week.

Moneta Markets | 2 days ago

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 | 5 days ago

EURUSD	1.17887	GBPUSD	1.36262	AUDUSD	0.65678
USDJPY	143.842	USDCAD	1.35993	USDCHF	0.79193