Daily Global Market Update

Pound steady, Bitcoin up 3.9%, Oil down 0.8%, Aussie retreats 0.3%. Global highlights: $2B into digital assets, European stocks rise, mixed US crude signals. Upcoming: US Non-farm Payrolls, Germany Retail Sales, Eurozone Consumer Prices, Japan Consumer Confidence, US Average Hourly Earnings, Japan Services PMI.

Pound's Steady Stance

The Pound-Dollar pair exhibited a marginal change in the last session. The MACD indicates a bearish trend, suggesting a cautious approach for traders.

 

 

Bitcoin's Significant Surge

Bitcoin experienced a notable surge of 3.9% against the dollar in the last session. The Ultimate Oscillator is presenting a bullish signal, aligning with the overall upward trajectory.

 

 

Oil's Volatile Movement

The Oil-Dollar pair declined by 0.8% in the last session, despite an intraday high of 1.2%. Currently, the Ultimate Oscillator is indicating a bearish momentum.

 

 

Aussie's Slight Retreat

The Australian Dollar fell 0.3% against its US counterpart in the last session. The RSI is currently indicating a bearish outlook, urging traders to proceed with caution.

 

 

Global Financial Headlines

Investors have channelled over $2 billion into digital asset investment exchange-traded products in 2023, marking it as the third largest year for net inflows since 2017. European stocks have seen a slight rise after two sessions of losses, amidst uncertainty over future central bank rate cuts. US crude oil inventories witnessed a more significant drop than expected last week, while stocks of gasoline and distillate fuels increased, indicating a sluggish demand for products.

 Upcoming Economic Highlights

Today's key economic releases are as follows:

• US Non-farm Payrolls - 1330 hours GMT

• Germany's Retail Sales - 0700 hours GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 hours GMT

• Japan's Consumer Confidence Index - 0500 hours GMT

• US Average Hourly Earnings - 1330 hours GMT

• Japan's Jibun Bank Services PMI - 0030 hours GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

Gold Struggles for Direction as Risk Mood Sours | 7th July, 2025

On July 7, gold slips below $3,350 as the USD strengthens and traders take profit amid tariff-related jitters. Silver lingers under $37. EUR/USD and NZD/USD retreat on weak sentiment, while USD/CAD rises above 1.3900 as oil weakens. Markets brace for key data including US CPI and Eurozone retail sales, with Fed speeches also in focus.
Moneta Markets | 51 minutes ago
ATFX Economic Calendar- 2025.07.07~2025.07.11

ATFX Economic Calendar- 2025.07.07~2025.07.11

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 | 2h 6min ago
ATFX Market Outlook 7th July 2025

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 | 3h 29min ago
Why Silver could be the precious metal of 2025

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 

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
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 | 3 days ago