Daily Global Market Update

Oil prices plummeted, the Aussie dollar remained stable, and the euro and yen strengthened against the dollar. Global markets reacted to China's slowing economy, rising US budget deficit, and tech stock gains. Upcoming economic events include US bill auctions, German producer prices, Chinese interest rates, and New Zealand trade data.
Moneta Markets | 265 days ago
Stocktwits

Oil's Decline Against the Dollar

The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.

 

 

Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.

 

 

Euro's Sideways Movement

The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Dollar's Decline Against the Yen

The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Global Financial Headlines

Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US 3-month Bill Auction - 1530 GMT

• US 6-month Bill Auction - 1530 GMT

• Germany's Producer Price Index - 0600 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

• New Zealand's Exports - 2145 GMT

• New Zealand's Imports - 2145 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
Tags: Analysis
Stocktwits
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Dollar Dominates After Trump’s Trade Strike| 11th July, 2025

Dollar Dominates After Trump’s Trade Strike| 11th July, 2025

On July 10, silver extends gains toward $36.50 amid rising macro uncertainty and safe-haven demand. The US Dollar weakens, boosting AUD and NZD. USD/JPY trims early losses as BoJ hike hopes fade, while EUR/JPY retreats from highs on softening sentiment. Markets brace for US Jobless Claims to guide the next leg in global risk and Fed rate expectations.
Moneta Markets | 2 days ago
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