Daily Global Market Update

The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.

Moneta Markets | 268 days ago

Pound's Upward Correction

The GBP/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a positive signal.

Bitcoin's Decline

The Bitcoin/USD pair fell by 0.9% following a 1.3% intraday dip. The MACD is giving a positive signal.

Oil's Stability

The price of US Crude Oil remained largely unchanged in the last session. The Stochastic RSI indicates an oversold market.

Aussie's Gain

The Australian dollar gained 0.4% against the US dollar in the last session. The MACD is giving a negative signal.

Global Financial Headlines

Cumulative flows into spot Bitcoin ETFs have exceeded $20 billion, following four consecutive days of inflows in the US. Oil prices slipped slightly as investors awaited developments in the Middle East, while falling US crude inventories provided some support. Gold prices hit record highs amid uncertainty surrounding the US presidential elections and the Middle East conflict, with an easing monetary policy environment keeping prices elevated.

Upcoming Economic Highlights

Key economic events to look out for include:

• UK's Retail Sales - 6:00 GMT

• UK's CFTC GBP NC Net Positions - 19:30 GMT

• US Housing Starts - 12:30 GMT

• US Monthly Budget Statement - 18:00 GMT

• Japan's CFTC JPY NC Net Positions - 19:30 GMT

• Eurozone's Current Account - 8:00 GMT

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Tags: Analysis GBPUSD

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 | 2 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 | 3 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 | 3 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 | 3 days ago

ATFX Market Outlook 9th July 2025

On Tuesday, U.S. President Donald Trump escalated the global trade war by announcing a 50% tariff on imported copper and reiterated that long-threatened tariffs on semiconductors and pharmaceuticals are also imminent. U.S. equities ended mixed as investors awaited further clarity on trade policy. The Dow Jones Industrial Average fell 0.37%, the S&P 500 dipped 0.07%, while the Nasdaq edged up 0.03%

ATFX | 4 days ago

ATFX Market Outlook 8th July 2025

U.S. President Trump signed an order delaying “reciprocal” tariffs from July 9 to August 1 and warned of steep hikes from that date, escalating trade tensions. U.S. stocks closed sharply lower, with the Dow down 0.94%, the S&P 500 falling 0.79%, and the Nasdaq dropping 0.92%. Tesla also tumbled after Elon Musk announced plans to launch a new political party.

ATFX | 5 days ago

ATFX Market Outlook 7th July 2025

U.S. dollar weakened against major currencies after President Trump’s landmark tax cut bill was passed, amid mounting pressure on countries to strike trade deals with Washington. As markets brace for the July 9 tariff deadline—targeting countries like Japan that have yet to reach agreements—the dollar index slipped 0.1% to 96.92.

ATFX | 6 days 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 | 9 days ago

EURUSD	1.16879	GBPUSD	1.35066	AUDUSD	0.6579
USDJPY	147.449	USDCAD	1.36758	USDCHF	0.79713