Daily Global Market Update

Oil-Dollar rose 0.5%, Stochastic positive. Aussie Dollar up 0.2%, ROC negative. Euro gained 0.6%, Ultimate Oscillator negative. Dollar-Yen fell 0.6%, Stochastic RSI overbought. China held lending rates. Neo to launch EVs in Europe. Wall Street surged on easing inflation. Gold soared, yields down.

Moneta Markets | 198 days ago

Oil's Positive Performance

The Oil-Dollar pair gained 0.5% in the last session. The Stochastic indicator is giving a positive signal.

Aussie Dollar's Minor Gain

The Aussie-Dollar pair rose by 0.2% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.

Euro's Continued Strength

The EUR/USD pair gained 0.6% in the last session. The Ultimate Oscillator is giving a negative signal.

Dollar Weakens Against Yen

The Dollar-Yen pair fell by 0.6% in the last session. The Stochastic RSI indicates an overbought market.

Global Market and Economic Updates

China maintained its benchmark lending rates as expected, with the one-year loan PR rate at 3.1% and the five-year LPR at 3.6%. Neo plans to launch its Firefly EV brand in Europe by early 2025, competing with Mercedes Smart and BMW's Mini. Meanwhile, Wall Street surged as cooler-than-expected inflation data boosted investor confidence. Gold soared, and US Treasury yields eased from multi-month highs.

Key Economic Events to Watch

Significant economic updates include:

• China's Industrial Production - 0600 GMT

• US Core Inflation Rate - 1230 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• Japan's Machine Orders - 2330 GMT

• UK's Consumer Confidence Index - 0700 GMT

• Germany's Trade Balance - 0600 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Tags: Analysis EURUSD

EUR/USD Declines as Markets Await US Tariff Developments

The EUR/USD pair dropped to 1.1746 on Tuesday, with the US dollar holding a slight edge before correcting. The greenback faced pressure after Donald Trump announced new tariffs on 14 countries that have yet to secure trade agreements with the US.

RoboForex | 1 day 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 | 1 day ago

Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

On July 7, gold slips below $3,350 as the USD strengthens and traders take profit amid tariff-related jitters. Silver lingers under $37. EUR/USD and NZD/USD retreat on weak sentiment, while USD/CAD rises above 1.3900 as oil weakens. Markets brace for key data including US CPI and Eurozone retail sales, with Fed speeches also in focus.

Moneta Markets | 2 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 | 2 days ago

ATFX Market Outlook 4th July 2025

The U.S. economy added 147,000 jobs in June, beating expectations of 110,000, while the unemployment rate fell to 4.1%. Traders are now betting that the Fed is unlikely to cut rates before September. Meanwhile, the House narrowly passed Trump's major fiscal bill by a vote of 218 to 214. U.S. stocks rallied on Thursday, hitting fresh record highs.

ATFX | 5 days ago

Rate Shifts Steer FX Markets as Silver Holds Strong

On July 3, silver stays firm above $35.40 as Fed cut bets persist. EUR/USD holds near 1.1800, while GBP/USD lingers near 1.3585 ahead of UK jobs data. JPY strengthens after BoJ signals a hawkish pause. AUD/USD slips on weak trade surplus. Focus turns to US NFP and ISM data for market direction before the US holiday break.

Moneta Markets | 6 days ago

ATFX Market Outlook 3rd July 2025

Wednesday’s ADP report showed a surprise decline of 33,000 private-sector jobs in June, marking the first contraction since March 2023 as economic uncertainty weighed on hiring. U.S. equities surged, with the S&P 500 and Nasdaq closing at record highs, driven by gains in tech stocks and relief following the U.S.–Vietnam trade agreement, which eased concerns over prolonged trade tensions

ATFX | 6 days ago

ATFX Market Outlook 2nd July 2025

Fed Chairman Powell emphasised the need for more data before considering interest rate cuts, with a July cut still a possibility. On Tuesday, the Nasdaq and S&P 500 closed lower due to weakness in large tech stocks, with the Nasdaq down 0.82% and the S&P 500 down 0.11%. In contrast, the Dow rose by 0.91% amid volatile trading and low liquidity.

ATFX | 7 days ago

EURUSD	1.17178	GBPUSD	1.36005	AUDUSD	0.65322
USDJPY	146.621	USDCAD	1.36842	USDCHF	0.79609