

Daily Global Market Update July 2nd, 2024

Gold's Positive Outlook Gold experienced a gain of 0.3% against the dollar in the last session. The Rate of Change (ROC) is giving a positive signal. Euro/Dollar's Market Impact The EUR/USD pair remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal. Pound/Dollar's Sideways Movement The GBP/USD pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal. Bitcoin's Positive Trend The Bitcoin/Dollar pair rose by 0.3% in the last session, after gaining as much as 1.6% during the session. The Stochastic indicator is giving a positive signal. Global Financial Headlines US Stocks drifted to a mixed close, and yields jumped as election-driven swings affected financial markets worldwide. The cryptocurrency market saw Bitcoin's price premium on Coinbase plummet to rarely seen negative levels, according to Crypto Quant data. US stock index figures edged higher ahead of key economic releases including manufacturing PMI data, with a focus also on upcoming US Labor Market numbers. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's 10-year Bond Auction - 0335 GMT • Australia's RBA Meeting Minutes - 0130 GMT • US JOLTS Job Openings - 1600 GMT • US Red Book Index - 1255 GMT • Eurozone's Harmonised Index of Consumer Prices - 0900 GMT • Eurozone's Unemployment Rate - 0900 GMT

Learn more

Publication date:

2024-07-02 05:23:40 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.