The euro stayed range-bound amid quiet eurozone data and Fed anticipation, while the pound remained weak on cautious central bank remarks and lack of domestic drivers. The yen gained modestly as Treasury yields declined, though trade tensions and tariff risks capped further strength. The franc struggled as safe-haven demand eased despite global uncertainty. Gold extended gains, supported by soft dollar sentiment and expectations of eventual Fed rate cuts, though upside was limited by looming resistance and mixed Fed outlooks.
The euro remains range-bound amid calm Eurozone data and focus on US policy, while the pound struggles below recent highs due to trade risks and financial uncertainty. The yen finds support from cautious optimism despite new tariffs, as traders eye further rate moves. The Australian dollar holds steady on weak China data and uncertain RBA outlook. Gold slides on tariff threats and muted Fed expectations, with sellers dominating as traders wait for clear signals.
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The euro remains pressured by trade uncertainty and weak momentum, while the pound slides amid UK budget worries and limited demand. The yen softens as tariffs weigh on sentiment, despite Japan’s efforts to maintain diplomacy. The Australian dollar steadies after the RBA surprised markets by holding rates, but remains under commodity-linked strain. The kiwi consolidates around a key support ahead of the RBNZ decision, reflecting fragile risk appetite. Gold holds near recent lows, caught between geopolitical fears and fluctuating dollar strength, as traders watch for signs of inflation or central bank shifts.
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The euro slipped as positive data failed to lift sentiment amid trade concerns, while the pound remained heavy under inflation and deficit worries. The yen weakened as poor wage figures reduced rate hike hopes. The Australian dollar held firm ahead of the rate decision, supported by risk appetite and resilient local data. Gold struggled to gain traction, pressured by dollar strength and easing fears, though geopolitical risks and Fed cut expectations kept downside limited for now. Caution dominates as markets await tariff updates and central bank signals in a tense global backdrop.
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As the dust settles from a subdued end to last week’s trading—largely shaped by the US Independence Day holiday—the global financial landscape now braces for a turbulent week ahead, with a mix of central bank decisions, key macroeconomic data, and intensifying geopolitical trade tensions. The spotlight shines brightly on President Trump’s July 9 tariff deadline, a moment that could reshape global trade expectations and investor risk appetite.
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The euro steadied as upbeat PMI data offered limited support, with traders awaiting key U.S. job figures that could influence dollar sentiment. The pound showed resilience on service sector strength but faced pressure from UK political uncertainty. The yen held firm amid calmer trade talks and cautious positioning ahead of labor data. Gold remained range-bound, supported by Fed rate cut expectations but capped by optimism from new trade agreements. All eyes remain on upcoming U.S. employment data to guide the next major market move across currencies and commodities.
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The euro remains under pressure due to weak labor data and rising geopolitical tensions, while the pound is weighed down by rate cut hints and soft growth. The yen faces renewed weakness amid trade threats despite resilient domestic sentiment. The Australian dollar slips following soft retail data and rate cut bets, though downside appears limited. Gold holds steady, benefiting from dollar weakness and safe-haven flows, with further gains possible if global uncertainties persist and U.S. job data disappoints.
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The euro rose briefly on upbeat regional data but faced renewed pressure as focus shifted to key U.S. releases. The pound held near recent highs but was capped by weak growth prospects and geopolitical worries. The yen gained amid trade tensions and solid domestic sentiment, while the dollar’s weakness kept it under pressure. The Australian dollar surged, riding the wave of global risk appetite despite mixed local data. Gold rebounded as investors weighed inflation risks, Fed policy outlook, and political uncertainty, maintaining a cautious bullish tone amid a volatile backdrop.
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The euro weakened amid concerns over the eurozone’s economic outlook, while the pound struggled under flat UK growth and weak investment. The yen gained slightly as dollar sentiment softened, driven by trade uncertainties and cautious Fed outlook. The Swiss franc held firm near multi-year highs as dollar weakness persisted, despite hints of policy intervention. The Canadian dollar showed resilience amid renewed trade talks with the US, though movement stayed limited within a narrow range. Gold remained under pressure but found tentative support near key levels as rate cut hopes linger.
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As global markets stabilize following last week’s ceasefire in the Middle East and renewed optimism over trade negotiations, investor attention pivots sharply toward fundamental economic data and central bank commentary. The highlight of the week will be a dense cluster of US employment indicators, culminating in the release of the June non-farm payrolls report. Alongside this, the European Central Bank’s prestigious annual forum in Sintra will host influential central bankers from around the world, offering potential clues into future monetary policy paths. Additionally, inflation data from the eurozone and Switzerland will be closely analyzed, while China’s latest PMI figures are expected to provide further insights into Asia’s growth trajectory.