Daily Global Market Update

Bitcoin, Alibaba, AUD/USD, and Gold have risen. Indicators suggest overbought conditions for Bitcoin and Alibaba, but positive signals for AUD/USD and Gold. Global financial headlines include OPEC's oil forecast, China's yuan, and Celsius Network's token surge.

Bitcoin's Significant Surge

The Bitcoin/USD pair skyrocketed by 1.4% in the last session. However, the Commodity Channel Index (CCI) is currently giving a negative signal.

 

 

Alibaba's Upward Movement

Alibaba shares rose by 1.1% in the last session. The Williams Percent Range indicator suggests that we are currently in an overbought market.

 

 

Australian Dollar's Positive Trend

The AUD/USD pair rose 0.8% in the last session. The Ultimate Oscillator is currently giving a positive signal.

 

 

Gold's Explosive Growth

The Gold/USD pair exploded by 1.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

 

 

Global Financial Headlines

OPEC has raised its forecast for world oil demand in the medium and long term, citing growth led by India, Africa, and the Middle East, as well as a slower shift to electric vehicles and cleaner fuels. China's yuan hit a 16-month high against the US dollar after the central bank revealed new stimulus measures. The Celsius Network's native tokens surged by over 300% a month after initiating a $2.5 billion repayment scheme for more than 250,000 creditors.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US MBA Mortgage Applications - 11:00 GMT

• US New Home Sales - 14:00 GMT

• US EIA Crude Oil Stocks Change - 14:30 GMT

• US 5-Year Note Auction - 17:00 GMT

• French Consumer Confidence - 06:45 GMT

• Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT

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Oil and Copper Surge as Geopolitical and Trade Risks Escalate | 9th July, 2025

Oil and Copper Surge as Geopolitical and Trade Risks Escalate | 9th July, 2025

On July 9, oil jumps above $67.00 on renewed Red Sea attacks, while copper surges past $5.50 after Trump vows 50% tariffs if re-elected. DXY edges up past 97.50 ahead of FOMC Minutes. China’s CPI surprises slightly at 0.1% YoY, offering mixed signals. AUD/USD trades flat, and markets brace for further volatility driven by Fed outlook and trade policy threats.
Moneta Markets | 5 days ago
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

On July 8, gold slips below $3,350 as risk appetite improves. Silver holds steady near $36.90, while AUD/USD rises to 0.6855 ahead of the RBA decision. USD/JPY surges above 161.00 as BoJ tightening bets fade. PBOC sets USD/CNY at 7.1534, signaling stability. Focus now shifts to US CPI, central bank guidance, and trade progress for market direction.
Moneta Markets | 6 days ago
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 | 11 days 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 | 12 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 | 13 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 | 17 days ago