USD up, gold up, Trump may hike tariffs.

Last Friday, the US dollar index returned to the 108 mark and ultimately closed up 0.36% at 108.10, as non farm payrolls hinted that the Federal Reserve would continue to pause interest rate cuts and Trump announced the imposition of equivalent tariffs on many countries this week.

Last Friday, the US dollar index returned to the 108 mark and ultimately closed up 0.36% at 108.10, as non farm payrolls hinted that the Federal Reserve would continue to pause interest rate cuts and Trump announced the imposition of equivalent tariffs on many countries this week. The benchmark 10-year US Treasury yield closed at 4.4960%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.3020%. Spot gold opened low and rose, falling to around $2854.72 per ounce at one point due to the rise of the US dollar, but quickly turned the decline into an increase; Trump had previously stated that he would announce a 25% tariff on all steel and aluminum entering the United States on Monday, putting temporary pressure on gold prices as the safe haven dollar opened higher. However, gold prices were soon supported by safe haven buying. Gold prices rose for the sixth consecutive week last week as the escalating trade tensions between China and the United States prompted investors to buy safe haven assets. Most analysts and retail investors tend to be bullish on the future market.

Regulation: FCA (UK), VFSC (Vanuatu), FSCA (South Africa)
read more
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 | 53 minutes ago
ATFX Economic Calendar- 2025.06.30~2025.07.04

ATFX Economic Calendar- 2025.06.30~2025.07.04

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.
ATFX | 20h 12min ago
WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI Slides as Geopolitical Risks Ease | 1st July, 2025

WTI dips below $64.50 as Middle East tensions ease, dampening supply fears. Silver struggles under $36, while AUD and NZD stay muted on weak China PMI. USD/JPY steadies near 145.90, and the yen holds gains on USD weakness. Traders now eye US ISM PMI and Fed minutes for clues on policy and market direction.
Moneta Markets | 22h 53min ago
US500, EURUSD, USDJPY

US500, EURUSD, USDJPY

New record high for US 500 amid relief rally; Eurozone preliminary CPI to be within ECB’s target; EURUSD hits 4-year high; US NFP report the highlight of the week; USDJPY eases
XM Group | 1 day ago