Daily Global Market Update

The GBP/USD traded sideways with a positive trend signal, while Bitcoin fell 1.2%, showing a negative ROC. US Crude dropped 1.9% but showed positive momentum, and the AUD/USD dipped 0.2% with a positive CCI. Coinbase reintroduced Bitcoin-backed loans, US retail sales rose, and gold hit a one-month high. Key economic updates include Japan's investment data and UK's retail sales.

Pound's Sideways Movement

The GBP/USD pair traded sideways during the last session. The Stochastic RSI indicator is signalling a positive trend.

 

 

Bitcoin's Decline

Bitcoin paired with the dollar declined by 1.2% in the last session after experiencing a 3.1% intra-session dip. The Rate of Change (ROC) indicator is showing a negative signal.

 

 

Oil's Plunge

The US Crude Oil pair dropped by 1.9% in the last session. The Stochastic indicator is signalling a positive trend.

 

 

Aussie's Minor Dip

The AUD/USD pair dipped slightly by 0.2% in the last session. The Commodity Channel Index (CCI) is giving a positive signal.

 

 

Global Financial News

Coinbase has reintroduced Bitcoin-backed loans in the United States, allowing users to borrow against their digital assets. This service enables account holders, excluding New York residents, to borrow up to $100,000 in USD Coin using Bitcoin as collateral.

 

US retail sales showed a robust increase in December, reflecting strong consumer demand. Meanwhile, gold prices rose to a one-month high due to reduced treasury yields, aligning with expectations of a more dovish Federal Reserve policy.

Upcoming Economic Highlights

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• Eurozone's Current Account - 9 GMT

• Japan's Foreign Investment in Japan Stocks - 2350 GMT

• Austrian HICP - 8 GMT

• UK's Retail Sales - 7 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
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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 | 3h 32min ago
Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

Central Bank Outlook and Trade Shift Sentiment | 8th July, 2025

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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.
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ATFX Market Outlook 3rd July 2025

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