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.

Moneta Markets | 171 days ago

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

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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 | 8h 14min ago

Dollar Mixed as Tariff Tensions Rise and Jobs Data Buoys Fed Outlook | 4th July, 2025

On July 4, strong U.S. jobs data boosts the dollar, but Trump’s tariff warning sparks trade uncertainty. USD/CAD dips near 1.3600 as oil rebounds; AUD/USD slips below 0.6650. NZD/USD holds near 0.6050, GBP/USD steadies at 1.3650, and USD/CNY stays firm as PBOC signals caution. Markets eye ISM data and tariff updates for next moves.

Moneta Markets | 3 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 | 3 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 | 4 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 | 4 days ago

GBP/USD at the top of a bullish channel

GBP/USD loses momentum near three-year high, tests the channel’s upper band. Short-term bias remains bullish, but overbought conditions are evident. Bullish outlook remains intact above 1.3450.

XM Group | 5 days ago

Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

On July 2, the USD stabilizes as Fed rate cut bets build. GBP/USD nears 1.3750 highs, NZD/USD extends above 0.6120, and AUD/USD holds near 0.6820 despite soft retail sales. USD/JPY recovers to 146.20, while silver dips below $36. Markets await US labor data and Fed remarks for direction ahead of July 4.

Moneta Markets | 5 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 | 5 days ago

EURUSD	1.17285	GBPUSD	1.36033	AUDUSD	0.64978
USDJPY	145.41	USDCAD	1.36631	USDCHF	0.79711