Daily Global Market Update

The oil dollar pair rose slightly despite an oversold market. The Australian dollar gained with positive MACD signals. The Euro strengthened but is overbought. The dollar-yen pair remained stable with a positive Ultimate Oscillator. Gold prices surged due to a weaker dollar, trade uncertainty, and rate cut expectations.

Moneta Markets | 160 days ago

Oil Dollar Pair's Gains

The oil dollar pair rose by 0.4% in the last session. The Commodity Channel Index (CCI) suggests that the market is currently oversold.

Aussie's Positive Signal

The Australian dollar gained 0.3% against the US dollar in the last session. The MACD indicator is giving a positive signal.

Euro Overbought

The Euro gained 0.7% against the US dollar in the last trading session. The Williams Percent Range indicator indicates an overbought market.

Dollar-Yen Stability

The dollar-yen pair remained largely unchanged in the last session. The Ultimate Oscillator is providing a positive signal.

Global Financial Updates

Gold prices surged by over 1% on Friday, nearing their all-time high from October, driven by a weakening US dollar, tariff uncertainties, and rate cut expectations. Wall Street banks are preparing to sell up to $3 billion in debt holdings for INX, Elon Musk's social media platform. Investors are also anticipating the Federal Reserve’s first meeting of 2025, where further rate cuts may shape market trends.

Upcoming Economic Highlights

Keep an eye on these key economic events:

• US 6-Month Bill Auction - 1630 GMT

• US Chicago Fed National Activity Index - 1330 GMT

• Finland’s Consumer Confidence - 6 GMT

• Finland’s Industrial Confidence - 6 GMT

• Japan’s Leading Economic Index - 5 GMT

• Japan’s Coincident Index - 5 GMT

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Tags: Analysis

Why Silver could be the precious metal of 2025

The gold bar is metallic yellow and slightly behind the silver bar, which is metallic white and positioned in front. Gold may still be the headline act, but silver’s no longer content playing second fiddle. In 2025, silver isn’t just glittering - it’s surging forward as one of the most exciting metals on the market.

Deriv | 2 days ago

Risk-on sentiment fades as tariffs return to the spotlight

Dollar surrenders gains posted after robust labour market report; Trump celebrates US budget bill approval; scheduled to sign it today; Most Fed members feel more comfortable as July rate cut is priced out; Oil steadies near $66, gold rally retains momentum;

XM Group | 2 days ago

USDCAD shrugs off upbeat US jobs data

USDCAD fails to rebound despite stronger US nonfarm payrolls. Bearish trend likely to continue; next support near 1.3455.

XM Group | 2 days 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 | 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 | 2 days ago

Nonfarm payrolls take center stage

Slide in US private payrolls raise concerns about NFP miss - US strikes trade deal with Vietnam ahead of July 9 deadline - Pound feels the heat of fiscal shenanigans - S&P 500 hits fresh record high ahead of jobs report

XM Group | 3 days ago

Gold declines as trade optimism reduces safe-haven demand, while a weak dollar limits losses

On Thursday, the price of gold fell to 3,340 USD per troy ounce, partially correcting the previous day’s gains. The decline reflects growing optimism over trade agreements, which reduced demand for gold as a safe-haven asset.

RoboForex | 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 | 3 days ago

EURUSD	1.17761	GBPUSD	1.36487	AUDUSD	0.65523
USDJPY	144.502	USDCAD	1.36018	USDCHF	0.79415