Daily Global Market Update

GBP/USD sideways, bullish CCI. Bitcoin -0.7%, bearish Ultimate Oscillator. Oil +0.3%, bearish Stochastic. AUD/USD stable, bullish ROC. Crypto thefts $1.5B in 2023, German inflation steady. Oil prices rise due to Middle East tensions and OPEC+ delays. Key events: Japan Household Spending, US Consumer Confidence, Eurozone GDP, UK Manufacturing PMI, OPEC Meeting Results.

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating potential bullish momentum.

 

 

Bitcoin's Negative Momentum

Bitcoin paired with the dollar dropped by 0.7% in the last session. The Ultimate Oscillator is giving a negative signal, aligning with bearish sentiment.

 

 

Oil's Modest Gain

The price of oil gained 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal, suggesting a possible bearish reversal.

 

 

Aussie's Stable Performance

The AUD/USD pair remained largely unchanged during the last session. The Rate of Change (ROC) is giving a positive signal, suggesting potential upward momentum.

 

 

Global Financial Headlines

Cryptocurrency hackers have reportedly stolen $1.5 billion in 2023, with $71 million stolen in November alone. Meanwhile, German annual inflation remained flat at 2.4% in November, breaking a downward trend. Oil prices edged higher following tensions in the Middle East and OPEC+ delays in extending production cuts.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• Japan's Household Spending Data - 2330 GMT

• US Consumer Confidence Index - 1400 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• UK Manufacturing PMI - 0930 GMT

• OPEC Meeting Results

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ATFX Market Outlook 10th July 2025

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 | 10h 42min ago
ATFX Market Outlook 9th July 2025

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 | 1 day ago
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 | 1 day 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 | 2 days ago
ATFX Market Outlook 8th July 2025

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 | 2 days ago