Watching Key Levels on EURUSD
Join Nathan Bray, Senior Account Manager, as he watch the key trading levels on EURUSD. Daily support, now acting as resistance at 1.0686 in line with a downtrend.
ACY Securities
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654 days ago
Join Nathan Bray, Senior Account Manager, as he watch the key trading levels on EURUSD.
Daily support, now acting as resistance at 1.0686 in line with a downtrend.
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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.
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WTI crude nears $75 on strong US inventory draw, boosting risk sentiment. The US Dollar remains weak amid Fed independence fears, lifting AUD/USD to 0.6880 and EUR/USD near 1.1700. USD/JPY retreats while USD/CNY stays steady on a firmer PBOC fix. Focus shifts to US PCE data and global central bank commentary.
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