Daily Global Market Update

Oil-Dollar surged 1.5%, MACD bullish. Aussie-Dollar traded sideways, Stochastic bearish. Euro gained 0.3%, Williams Percent Range negative. Dollar-Yen climbed 0.6%, Stochastic RSI overbought. China's economy projected to grow 5%. Broadcom's shares surged, valuation hits $1 trillion. NASDAQ and S&P 500 gain significantly.

Moneta Markets | 205 days ago

Oil’s Strong Performance

The Oil-Dollar pair rose by 1.5% in the last session, peaking with a 1.9% gain during the day. The MACD is currently giving a positive signal, indicating potential upward momentum in the market.

Aussie Dollar Trades Sideways

The Aussie-Dollar pair remained range-bound in the last session. The Stochastic indicator is currently providing a negative signal, suggesting potential bearish momentum.

Euro’s Moderate Gain

The Euro rose by 0.3% against the dollar in the last session. The Williams Percent Range indicator is signalling a negative trend, which could hint at short-term resistance.

Yen Moves Higher

The Dollar-Yen pair climbed by 0.6% in the last session. The Stochastic RSI is signalling that the market is currently in an overbought zone, suggesting caution for buyers.

Global Financial Headlines

China's economy is projected to grow by 5% this year, contributing nearly 30% of global growth. Broadcom’s shares surged 21%, reaching a valuation of $1 trillion as AI demand drives revenue potential. The NASDAQ index breached the 20,000 milestone last week, gaining 32% this year, while the S&P 500 rose by 27%. These developments underline the robust performance of US equities in 2024.

Upcoming Economic Highlights

This week, traders should keep an eye on key events:

• Federal Reserve Meeting – Time TBD

• US Initial Jobless Claims – Thursday, 13:30 GMT

• China’s Manufacturing PMI – Friday, 01:00 GMT

• Germany’s Trade Balance – Friday, 07:00 GMT

• UK Halifax House Price Index – Friday, 08:30 GMT

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Tags: Analysis

EBC Markets Briefing | Japanese stocks remain in the doldrums

As of June 27, foreign capital has flowed into Japan's stock market for 13 weeks, with investments continuing to rise despite market challenges.

EBC Financial Group | 7h 22min ago

Dollar fights an uphill battle amidst mounting tariff pressure

More Trump letters to be sent, with copper, chips and pharmas next on the tariff list; Dollar struggles to hold recent gains, except versus the yen; US equities on the back foot, underperforming their European counterparts; RBNZ stands pat; Antipodeans post small gains against the greenback;

XM Group | 9h 2min ago

USDJPY bulls regain control ahead of FOMC minutes

USDJPY flirts with 38.2% Fibonacci; Remains above long-term downtrend line; Stochastics and RSI point up

XM Group | 9h 3min 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 | 9h 12min ago

EBC Markets Briefing | Gold languishes on US optimism

Gold prices hovered near a one-week low on Wednesday, pressured by a stronger dollar, with the Fed's meeting minutes set for release later today.

EBC Financial Group | 9h 22min ago

Gold Drops Below $3,300 as Fed Rate Forecasts Shift

Gold prices fell below 3,300 USD per troy ounce on Wednesday, extending losses after a 1% decline the previous day. The downward pressure stemmed from the Federal Reserve’s cautious stance, which partially offset concerns over escalating trade tensions.

RoboForex | 9h 32min ago

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 | 12h 50min ago

The crypto market continues to rise, stumbling along the way

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market continues to rise, stumbling along the way

FxPro | 1 day ago

EURUSD	1.17073	GBPUSD	1.35886	AUDUSD	0.6534
USDJPY	146.351	USDCAD	1.36927	USDCHF	0.7953