Weekly Market Wrap - EURUSD, GBPUSD, AUDUSD and United Kingdom GDP Tonight!

A quick recap of the week's events reveals some interesting market movements. Initial jobless claims came in slightly higher than anticipated, suggesting potential headwinds for inflation in the coming months. Remember, fewer people working can lead to reduced spending and economic activity, impacting key indicators like PMIs.

Whether your trading week was a triumph or a bit of a challenge, remember, the market is a dynamic place, and every week is a fresh opportunity.

As we head into the weekend, especially for our friends in Australia gearing up for some scorching weather, take a moment to unwind. Trading is a profession that demands clear-headed decision-making, so step back, relax, and recharge for the coming week.

One of the core principles I've learned in my trading journey is the importance of keeping life simple. The fewer distractions and unnecessary complications, the better. Trading decisions are monumental, and maintaining focus is key. Embrace a stoic mindset, acknowledging that you can only control what's within your grasp. If something goes beyond your control, accept it as part of life's natural course.

A quick recap of the week's events reveals some interesting market movements. Initial jobless claims came in slightly higher than anticipated, suggesting potential headwinds for inflation in the coming months. Remember, fewer people working can lead to reduced spending and economic activity, impacting key indicators like PMIs.

A noteworthy event this week was a panel discussion on monetary policy, featuring none other than Jerome Powell. His remark about not being confident in achieving a sufficiently restrictive stance stirred the market. While the CME Fed watch tool only indicates a 14% chance of a December hike, this did contribute to a boost in the US dollar's strength.

Looking ahead, the Federal Reserve is closely eyeing inflation trends. Powell emphasized the need for consistent data, not just a one-off decline in inflation. A key takeaway is that the Fed is cautious and data-dependent in its approach.

In the global arena, German CPI held steady at 0%, impacting Europe's overall inflation. Germany's significant influence on the region makes this a crucial metric to watch.

As we wrap up the week, keep an eye on the UK GDP data scheduled for release today 6pm Sydney Time at the London Open. Given recent statements from the Bank of England, a lower outcome wouldn't be surprising. This could influence GBP/USD dynamics.

Before you sign off for the weekend, a friendly reminder to revisit your trades. Maintaining a trading journal is invaluable – it's your data collection hub for strategy refinement. Take the time, invest in your data, and you'll find yourself on a more informed and confident trading path.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Regulation: ASIC (Australia), FSCA (South Africa)
read more
ATFX Market Outlook 4th July 2025

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 | 1 day ago
Rate Shifts Steer FX Markets as Silver Holds Strong

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 | 2 days ago
ATFX Market Outlook 3rd July 2025

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 | 2 days ago
GBP/USD at the top of a bullish channel

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 | 3 days ago
Dollar Rebounds, Risk FX Holds Strong | 2nd July, 2025

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 | 3 days ago
ATFX Market Outlook 2nd July 2025

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 | 3 days ago