Daily Global Market Update

Pound dipped 0.4% vs. USD, but MACD signals potential reversal. Bitcoin rose 0.2%, with Ultimate Oscillator indicating bullishness. Oil-dollar pair stable, but Williams Percent Range signals overbought conditions. Aussie dollar recovered 0.1%, with Stochastic RSI suggesting oversold market.

Pound's Decline Amid Positive MACD

The Pound dropped by 0.4% against the US dollar in the last session. Despite the decline, the MACD is providing a positive signal, indicating potential for a reversal.

 

 

Bitcoin's Steady Climb

Bitcoin rose by 0.2% in the last session after peaking with a 1.2% gain earlier in the day. The Ultimate Oscillator is giving a positive signal, reflecting continued bullish sentiment.

 

 

Oil's Overbought Conditions

The oil-dollar pair remained largely unchanged in the last session. The Williams Percent Range is indicating overbought conditions, suggesting a potential pullback in the near term.

 

 

Aussie Dollar's Minor Recovery

The Aussie dollar experienced a minor upward correction, rising by 0.1% in the last session. The Stochastic RSI indicates that the market is currently oversold, hinting at further recovery potential.

 

 

Global Financial Headlines

European cryptocurrency exchanges are preparing to delist locally non-compliant stable coins, including Tether's USDT, as regulatory deadlines loom. The European Central Bank has cut interest rates for the fourth time this year, while gold slipped over 1% as investors booked profits ahead of a key Federal Reserve meeting.

 

Upcoming Economic Highlights

Key events to monitor this week include:

• US Federal Reserve Meeting

• European Economic Reports on Inflation

• Japan's Household Spending Data

• Germany's Industrial Output Figures

Regulation: FSA (Seychelles), FSCA (South Africa)
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Dollar fights an uphill battle amidst mounting tariff pressure

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ATFX Market Outlook 9th July 2025

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