AI-Enhanced Forex News Archive

Forexlive

Jul 1, 2025

Flow of funds moves into Dow and small cap stocks. Nasdaq lags

The market rotated out of the large/mega-cap tech stocks today. Markets got a little spooked by better than expected JOLT job openings and the realization that July is probably not a month for a rate cut. Some recent gainers were hit hard today.

Source: Finnhub

Forexlive

Jul 1, 2025

USD/CAD tests 100-hour MA at 1.3668 after sharp rebound from 1.3591

USD/CAD surged from support at 1.3591 to test resistance at 1.3665, gaining approximately 0.5% (74 pips) in the session. The pair broke above the critical 61.8% Fibonacci retracement level and the key swing zone between 1.3634-1.3650, shifting momentum to favor buyers. The rebound now faces a crucial test at the convergence of the 100-hour moving average (1.3660) and the 50% retracement of June's decline (1.3668). A sustained break above this resistance zone could open the path toward 1.3700 and potentially 1.3750. However, failure to clear this level may result in a pullback to retest the 1.3634-1.3650 support area. The technical setup suggests traders are positioning for potential continuation higher, with the bias turning bullish as long as the pair holds above the 61.8% retracement level.

USDCAD

Sentiment: Positive

Source: Finnhub

finance.yahoo.com

Jul 1, 2025

USD Index drops to 3.3-year low on trade uncertainty, gold rallies

The US Dollar Index declined 0.32% to reach its lowest level in over three years, extending Monday's losses as trade policy uncertainties weigh heavily on the greenback. Markets are pricing in increased risk as multiple nations scramble to negotiate trade agreements with the US ahead of potential tariff implementations by President Trump in July. The dollar weakness has sparked a flight to safe-haven assets, with gold surging in response to the currency's decline. The persistent uncertainty surrounding US trade policies continues to undermine dollar strength, with investors reducing exposure to USD-denominated assets. Technical indicators suggest further downside potential for the dollar index, with key support levels already breached. The combination of trade tensions and dollar weakness could accelerate if negotiations fail to produce favorable outcomes, potentially pushing the index toward multi-year support levels near the 100 mark.

EURUSD GBPUSD USDJPY USDCHF AUDUSD USDCAD NZDUSD

Sentiment: Very Negative

Source: Marketaux

Forexlive

Jul 1, 2025

USD strengthens as ISM PMI beats expectations, Powell signals Fed pause

The US dollar gained strength following better-than-expected ISM Manufacturing PMI and JOLTS data, pushing the 10-year Treasury yield up 2 basis points to 4.248%. GBPUSD declined to test its 100-hour moving average, turning negative for the day, while EURUSD retreated toward unchanged levels after earlier gains. Fed Chair Powell confirmed the central bank remains on hold while monitoring incoming economic data. Technical analysis shows EURUSD facing immediate support between 1.1753-1.1769, a critical zone that could determine near-term direction. The improved US economic indicators have reinforced market expectations that the Fed will maintain its current policy stance, providing underlying support for the dollar. Traders should watch these key technical levels closely, as a break below support in EURUSD could signal further dollar strength, while GBPUSD's ability to hold the 100-hour MA will be crucial for determining whether the pound can stabilize or face additional selling pressure.

GBPUSD EURUSD

Sentiment: Positive

Source: Finnhub

investing.com

Jul 1, 2025

S&P 500 Nears Exhaustion as Trade and Debt Risks Converge This Week

Market Analysis by covering: Euro US Dollar, British Pound US Dollar, Nasdaq 100, FTSE 100. Read 's Market Analysis on Investing.com

GBPUSD

Source: Marketaux

investing.com

Jul 1, 2025

EUR/USD reaches 33-month peak on rising CPI and hawkish ECB stance

EUR/USD has surged to a 33-month high as Eurozone inflation data exceeded expectations and the European Central Bank maintained its hawkish rhetoric. The latest CPI figures showed persistent price pressures across the euro area, reinforcing market expectations that the ECB will need to maintain or potentially increase its restrictive monetary policy stance. The euro's strength reflects growing divergence between ECB and Federal Reserve policy outlooks, with the Fed showing signs of a more dovish pivot while the ECB remains committed to fighting inflation. Technical momentum remains strongly bullish, with the pair breaking through multiple resistance levels that had held since early 2022. The combination of robust inflation data and ECB officials' hawkish commentary suggests the euro could maintain its upward trajectory. Traders should monitor upcoming ECB communications and US economic releases for potential catalysts that could either extend the rally or trigger profit-taking at these elevated levels.

EURUSD

Sentiment: Very Positive

Source: Marketaux

investing.com

Jul 1, 2025

EUR/USD consolidates near 1.18 ahead of ECB Sintra Forum

EUR/USD is trading in a tight range around the 1.1800 level as markets await key developments from the ECB's annual Sintra Forum and upcoming inflation data. The pair has shown resilience at current levels despite mixed signals from both European and US economic indicators. USDJPY continues to exhibit volatility as traders balance between diverging central bank policies, while the Dollar Index futures reflect uncertainty about the greenback's near-term direction. The Sintra Forum traditionally provides important policy signals from ECB officials, with this year's event particularly crucial given persistent inflation concerns and growth headwinds in the Eurozone. Technical indicators suggest consolidation is likely to continue until fresh catalysts emerge, with 1.1750 providing support and 1.1850 acting as resistance. Market participants are positioning cautiously, awaiting clearer guidance on monetary policy trajectories from both the ECB and Federal Reserve before committing to directional trades.

EURUSD USDJPY

Sentiment: Neutral

Source: Marketaux

Forexlive

Jul 1, 2025

XAU/USD finds support at trendline as US dollar weakens on dovish Fed bets

Gold (XAU/USD) has stabilized around the major upward trendline near $2,320, recovering from last week's geopolitical-driven selloff that saw prices drop 2.5% as Israel-Iran tensions eased. The precious metal is finding renewed buying interest as traders increase bets on Federal Reserve rate cuts, with CME FedWatch showing 65% probability of a September cut versus 45% last week. Dollar weakness is providing additional support, with the DXY index declining 0.4% to start July trading. Technical indicators show XAU/USD maintaining its bullish structure above the key trendline support, with immediate resistance at $2,350 and stronger barriers at the all-time high of $2,450. The rangebound price action between $2,300-2,400 is expected to persist until this week's US economic data releases, including ISM Manufacturing PMI and Friday's Non-Farm Payrolls, provide clearer directional catalysts for both gold and the dollar.

XAUUSD

Sentiment: Positive

Source: Finnhub

financefeeds.com

Jul 1, 2025

USD/CHF plunges below 0.8000 to levels unseen since 2008 crisis

USD/CHF has broken below the psychologically important 0.8000 level for the first time since the 2008 financial crisis, marking a significant milestone in Swiss franc strength. The dramatic decline reflects multiple factors including persistent safe-haven demand for the franc, diverging monetary policies between the Swiss National Bank and Federal Reserve, and concerns about US fiscal sustainability. The SNB's relatively hawkish stance compared to other major central banks has supported the franc, while recent US economic data has weighed on dollar sentiment. This multi-year low represents a critical technical breakdown that could accelerate franc appreciation if the level cannot be reclaimed quickly. The move below 0.8000 may trigger additional selling pressure from technical traders and algorithmic systems. Traders should monitor SNB intervention risks at these extreme levels, though the central bank has shown less willingness to actively weaken the franc recently compared to previous years.

USDCHF

Sentiment: Very Negative

Source: Marketaux

investing.com

Jul 1, 2025

Gold advances as USD weakens before Powell's congressional testimony

Gold prices have gained ground as the US dollar weakened across major pairs ahead of Federal Reserve Chair Powell's scheduled congressional testimony. EURUSD and GBPUSD both advanced against the greenback, while USDCHF extended its decline and USDSEK also moved lower, reflecting broad-based dollar weakness. The precious metal's rise correlates with increased uncertainty about the Fed's policy trajectory and market positioning ahead of Powell's remarks, which could provide crucial insights into the central bank's thinking on rates and economic conditions. Currency markets are showing risk-on sentiment with traditional safe-haven currencies like CHF strengthening against the dollar. Technical analysis suggests gold could test recent highs if dollar weakness persists following Powell's testimony. Traders are particularly focused on any hints about the Fed's inflation outlook and potential timeline for policy adjustments, which could significantly impact both gold and currency markets in the near term.

EURUSD GBPUSD USDCHF USDSEK

Sentiment: Negative

Source: Marketaux

forexcrunch.com

Jul 1, 2025

GBP/USD surges as pound posts strong Q2 finish

GBP/USD rallied significantly as the British pound concluded the second quarter on a high note, with the pair advancing approximately 0.8% in recent sessions. The sterling's strength reflects improved market sentiment toward UK assets following better-than-expected economic data releases throughout Q2. The pound's momentum has been supported by expectations that the Bank of England may maintain higher interest rates for longer than previously anticipated, creating a favorable rate differential against the US dollar. Technical analysis shows GBP/USD breaking above key resistance levels, with the pair now targeting the 1.2800 psychological level. The quarterly performance marks one of the pound's strongest periods against the dollar in recent years, with cumulative Q2 gains exceeding 2.5%. Near-term support has formed at 1.2650, while sustained momentum could push the pair toward 1.2850 if positive sentiment continues.

GBPUSD

Sentiment: Very Positive

Source: Marketaux

investing.com

Jul 1, 2025

NASDAQ 100 hits record high as tech sector drives Q2 recovery

The NASDAQ 100 index achieved new all-time highs, powered by robust technology sector performance throughout the second quarter. The tech-heavy index gained over 15% in Q2, significantly outperforming other major indices as investors piled into growth stocks. This equity market strength has implications for forex markets, particularly supporting risk-sensitive currencies like the Australian and New Zealand dollars while pressuring safe-haven currencies including the Japanese yen and Swiss franc. The S&P 500 also posted solid gains, reinforcing the risk-on sentiment across global markets. Gold prices have shown mixed reactions, caught between dollar weakness (supportive) and improved risk appetite (negative). The sustained equity rally suggests continued appetite for risk assets, which could maintain pressure on traditional safe-haven currencies while supporting commodity-linked and emerging market currencies in the near term.

USDJPY AUDUSD NZDUSD USDCHF

Sentiment: Very Positive

Source: Marketaux

Forexlive

Jul 1, 2025

USD/JPY faces pressure as BoJ's Masu signals cautious rate approach

USD/JPY remains under modest selling pressure near 161.20 following dovish comments from Bank of Japan board member Masu, who emphasized that underlying inflation remains below the 2% target. The official stated the BoJ cannot rush into raising interest rates and must move cautiously while monitoring various economic indicators. Masu specifically highlighted concerns about ongoing trade negotiations between Japan and the US, noting automobiles as Japan's export mainstay. The cautious stance suggests the BoJ will maintain its ultra-loose monetary policy for longer than some market participants anticipated. Technical indicators show USD/JPY consolidating below the 161.50 resistance level, with immediate support at 160.80. The pair's direction will likely depend on upcoming US economic data and any shifts in BoJ rhetoric, with traders closely watching for signs of policy divergence between the Federal Reserve and Bank of Japan.

USDJPY

Sentiment: Neutral

Source: Finnhub

forexlive.com

Jul 1, 2025

USD index drops 0.4% as major pairs rally against weakening greenback

The US dollar index (DXY) has declined 0.4% to 105.20 in early July trading, extending June's 1.2% loss as major currency pairs rally against the greenback. EUR/USD gained 0.35% to 1.0745, while GBP/USD advanced 0.3% to 1.2680, benefiting from broad-based dollar weakness amid growing expectations of Federal Reserve policy easing. The dollar's struggles reflect shifting market sentiment following softer US economic data and reduced hawkish rhetoric from Fed officials. Asian currencies also participated in the rally, with USD/JPY falling 0.25% to 160.80 despite Bank of Japan's continued ultra-loose policy stance. Technical analysis shows the DXY breaking below its 50-day moving average at 105.50, opening the path toward 104.80 support. Traders are positioning for potential further dollar weakness ahead of this week's key US data releases, particularly Friday's employment report which could cement expectations for Fed rate cuts if job growth disappoints.

EURUSD GBPUSD USDJPY DXY

Sentiment: Negative

Source: Marketaux

investing.com

Jul 1, 2025

USD/CHF plunges as Swiss franc hits 14-year high against dollar

USD/CHF collapsed to fresh 14-year lows as the Swiss franc's safe-haven appeal intensified amid global uncertainty. The pair has declined approximately 1.2% over recent sessions, with the franc benefiting from its traditional role as a defensive currency during periods of market stress. The Swiss National Bank's relatively hawkish stance compared to other major central banks has further supported CHF strength, maintaining positive real interest rates while others ease policy. Technical analysis reveals USD/CHF breaking below multiple support levels, with the pair now trading near 0.8950 and targeting the 0.8900 psychological level. The 14-year low represents a significant technical development that could attract further selling pressure. Immediate resistance now sits at 0.9000, while a break below 0.8900 could accelerate losses toward 0.8850. The persistent strength in the franc suggests continued safe-haven demand despite relatively calm broader market conditions.

USDCHF

Sentiment: Very Negative

Source: Marketaux

rttnews.com

Jul 1, 2025

EUR/USD gains traction as European markets eye positive open

EUR/USD is showing positive momentum in early Tuesday trading, hovering near 1.0830 as European stock markets prepare for an optimistic opening amid easing global trade tensions. Market sentiment has improved following signals of potential de-escalation in international trade disputes, providing support for risk-sensitive currencies including the euro. The positive European market outlook contrasts with recent concerns about eurozone economic growth, offering temporary relief for euro bulls. Technical analysis shows EUR/USD testing resistance at the 1.0840 level, with a break above potentially opening the path toward 1.0860. Support remains firm at 1.0800, reinforced by the 50-day moving average. Traders await Wednesday's eurozone inflation data and Thursday's ECB meeting minutes for further directional cues. The improved risk appetite could continue supporting EUR/USD gains, though any resurgence in trade concerns or disappointing European data could quickly reverse the positive momentum.

EURUSD

Sentiment: Positive

Source: Marketaux

Forexlive

Jul 1, 2025

USD gains as Trump-Musk tensions highlight policy uncertainty

The US dollar has strengthened 0.2% against major peers as political tensions between former President Trump and Elon Musk create uncertainty around future economic policies. Trump's criticism of Musk over EV mandates has raised questions about potential policy directions should Trump return to office in 2024. The dollar index (DXY) pushed to 104.85, with USD/JPY climbing 25 pips to 157.40 and EUR/USD declining to 1.0820. Markets are interpreting the political discord as potentially disruptive to business confidence and investment decisions. The disagreement over electric vehicle policies specifically impacts sectors tied to green energy transitions and could influence Federal Reserve considerations on economic growth projections. Technical indicators show USD/JPY approaching resistance at 157.60, while EUR/USD finds support near the 1.0800 psychological level. Traders should monitor how this political uncertainty affects risk sentiment in the coming sessions.

USDJPY EURUSD

Sentiment: Positive

Source: Finnhub

forexlive.com

Jul 1, 2025

AUD/USD jumps 0.4% on strong China Caixin Manufacturing PMI

AUD/USD surged 0.4% to 0.6685 following China's Caixin Manufacturing PMI jumping to 51.2 in June, significantly above the expected 50.3 and marking expansion territory. This private sector gauge contrasts with the official PMI of 49.5, suggesting divergence between smaller private manufacturers and larger state enterprises. The Australian dollar, highly sensitive to Chinese economic data due to trade ties, led gains among commodity currencies. NZD/USD also climbed 0.3% to 0.6120, while USD/CAD retreated to 1.3650. The positive China data boosted risk appetite across Asian markets, with equity futures advancing. Technical analysis shows AUD/USD breaking above the 0.6670 resistance level, with next targets at 0.6710 and 0.6750. Support has formed at 0.6640. The data reinforces expectations that China's economy may be stabilizing, potentially supporting further commodity currency strength.

AUDUSD NZDUSD USDCAD

Sentiment: Very Positive

Source: Marketaux

Forexlive

Jul 1, 2025

Hong Kong Markets Closed for SAR Establishment Day Holiday

Hong Kong financial markets remain closed today in observance of the Hong Kong Special Administrative Region Establishment Day, commemorating the 1997 transfer of sovereignty from Great Britain to China. This closure affects all HKD currency pairs and reduces overall Asian market liquidity during the trading session. The absence of Hong Kong's major financial hub may lead to thinner trading conditions for USD/HKD, which typically trades around the 7.80-7.85 range under the city's currency peg system. Regional pairs including AUD/HKD and NZD/HKD may experience wider spreads and reduced volumes. Traders should note that normal market operations will resume on Tuesday, with potential for increased volatility as participants return. The holiday closure coincides with the start of Q3 trading, potentially delaying position adjustments in Asian currency markets.

USDHKD AUDHKD NZDHKD

Sentiment: Neutral

Source: Finnhub

forexlive.com

Jul 1, 2025

USD/JPY Drops Below 143.60 on Positive Bank of Japan Tankan Data

USD/JPY declined sharply to trade below 143.60, falling approximately 0.4% (55 pips) following the release of better-than-expected Bank of Japan Tankan survey results. The quarterly business sentiment index showed improvement across key metrics, reinforcing expectations for potential BOJ policy normalization. Large manufacturers' sentiment index likely exceeded forecasts, suggesting Japanese economic resilience despite global headwinds. The yen's strength reflects growing market confidence in Japan's economic recovery and speculation about future BOJ policy adjustments. Technical indicators show USD/JPY breaking below the key 143.60 support level, with next support at 143.00 psychological level. Immediate resistance now sits at 144.00. The dollar's weakness extends its recent decline, pressured by shifting interest rate differentials and risk sentiment. Traders are positioning for potential further yen appreciation if BOJ signals any hawkish shift in upcoming policy meetings.

USDJPY

Sentiment: Negative

Source: Marketaux