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AI-Enhanced Forex News Archive

Professional trading insights from Wednesday, July 2, 2025

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News Statistics for Wednesday, July 2, 2025

18
Total Articles
6
Bullish
4
Bearish
8
Neutral

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Archive date: Wednesday, July 2, 2025

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Forexlive

Goldman Sachs: We expect a below - consensus 85K non - farm payrolls

Goldman Sachs forecasts a below-consensus US payrolls print of +85k for June, well under the market’s 113k median. Softer big data signals, immigration policy changes, and federal layoffs should weigh on the headline, with the unemployment rate edging up and wage growth staying steady but set to decelerate further.Key Points:Weaker Payrolls Growth:• Headline payrolls seen up 85k vs.
USD
Source: Finnhub
Forexlive

USD/VND: Vietnam trade deal to cut tariffs, boost Boeing sales by $8B

The USD/VND pair faces potential volatility as the US and Vietnam prepare to seal a comprehensive trade agreement within weeks, featuring substantial tariff reductions on Vietnamese imports to the US. The landmark deal includes Vietnam's commitment to purchase 50 Boeing aircraft worth $8 billion and $2.9 billion in US agricultural goods, while offering preferential market access to American companies. This framework agreement is expected to serve as a template for future US trade negotiations with other nations. The substantial capital flows from these transactions could strengthen the Vietnamese dong against the dollar in the medium term, particularly as reduced tariffs make Vietnamese exports more competitive. Currency traders should monitor the official announcement for specific tariff levels and implementation timelines, which could trigger significant movement in the USD/VND pair and impact broader emerging market sentiment.
USDVND
Sentiment: Negative
Source: Finnhub
finance.yahoo.com

Dollar Gains on Weakness in the Yen and British Pound

The dollar index today is up by +0.30%. The dollar is climbing today due to increased trade tensions with Japan, as the yen has retreated after President Trump stated that a trade deal with Japan is unlikely. The dollar added to its gains when GBP/USD tumbled to a...
GBPUSD
Source: Marketaux
Forexlive

AUD/USD stalls at 0.6586 trendline as volatility grips pair

AUD/USD experienced heightened volatility in Tuesday's session, climbing to test key trendline resistance at 0.6586 before sellers stepped in to cap gains. The pair has been caught in wide-ranging swings over recent weeks, struggling to establish clear directional momentum. Technical analysis shows the trendline connecting recent highs acted as a strong barrier, prompting a reversal that maintains the current range-bound structure. The Australian dollar's inability to break above this critical resistance level suggests persistent selling pressure at higher levels. Traders are closely monitoring the 0.6550-0.6600 range, with a decisive break above 0.6586 needed to signal potential bullish continuation toward 0.6620. Conversely, failure to hold above 0.6550 support could accelerate declines toward 0.6500. The volatile price action reflects mixed sentiment amid conflicting global economic signals and uncertainty over commodity demand trends affecting the resource-linked currency.
AUDUSD
Sentiment: Neutral
Source: Finnhub
investing.com

USD/JPY rebounds amid persistent dollar weakness, downside risks remain

USD/JPY has staged a technical rebound from recent lows, though underlying dollar weakness continues to pose downside risks for the pair. The rebound comes as traders reassess oversold conditions following the pair's recent decline, with the Dollar Index showing signs of stabilization. However, fundamental headwinds persist for the greenback, including expectations of Federal Reserve policy shifts and concerns over US economic momentum. The Swiss franc remains bid alongside the yen as safe-haven currencies maintain their appeal amid global uncertainty. Technical indicators suggest the current bounce may be limited, with resistance levels capping upside potential. Near-term support for USD/JPY sits around the 148.50 level, while resistance emerges near 150.00. Traders should remain cautious as the broader trend still favors dollar weakness, particularly if upcoming US economic data disappoints market expectations.
USDJPY USDCHF
Sentiment: Negative
Source: Marketaux
financefeeds.com

ATFX Q3 2025: Navigating forex markets amid global uncertainty

ATFX's Q3 2025 Trader Magazine provides comprehensive analysis of the current financial landscape during a period of heightened market uncertainty. The publication offers in-depth insights into major currency pair movements, highlighting how geopolitical tensions, diverging central bank policies, and shifting economic fundamentals are creating both challenges and opportunities for forex traders. The magazine emphasizes the importance of risk management strategies in volatile market conditions, with particular focus on major pairs experiencing increased volatility. Key themes include the ongoing strength of safe-haven currencies, emerging market vulnerabilities, and the impact of commodity price fluctuations on currency valuations. The publication serves as an essential resource for traders seeking to understand complex market dynamics and position themselves effectively in an environment characterized by rapid shifts in sentiment and unexpected policy changes.
AUDUSD
Sentiment: Negative
Source: Marketaux
financefeeds.com

USD faces pressure as ECB easing boosts EUR, Trump targets Fed policy

The US dollar faced multiple headwinds on Tuesday as European Central Bank easing measures unexpectedly strengthened the euro while political pressure on Federal Reserve independence intensified. ECB's dovish stance paradoxically supported EUR/USD through improved risk sentiment and capital flows into European assets. Former President Trump's renewed criticism of Fed policy added uncertainty to dollar positioning, with traders reassessing rate cut expectations for 2025. US labor market data remains in focus, with upcoming releases expected to significantly influence Fed decision-making. The dollar index (DXY) retreated 0.2% to 104.50 as markets digest conflicting signals from monetary policy divergence and political developments. Trade tensions continue to weigh on sentiment, particularly affecting commodity currencies and emerging market pairs. Near-term dollar direction hinges on Friday's employment report, with markets pricing in potential Fed rate adjustments based on labor market strength.
EURUSD
Sentiment: Negative
Source: Marketaux
forexcrunch.com

USD/CAD rises as strong US job vacancies boost dollar sentiment

USD/CAD has gained 0.25% to trade near 1.3650 as the US dollar finds support from stronger-than-expected job vacancy data, signaling resilience in the American labor market. The JOLTS job openings report exceeded forecasts, suggesting continued tightness in employment conditions that could support Federal Reserve hawkish positioning. This development has temporarily reversed the pair's recent downtrend, with bullish momentum building as traders reassess dollar weakness. Technical analysis shows immediate resistance at 1.3680, coinciding with the 50-day moving average, while support holds at 1.3620. The Canadian dollar's response remains muted despite steady oil prices near $85 per barrel. Traders await Friday's Canadian employment data and US Non-Farm Payrolls for further direction, with a break above resistance potentially targeting 1.3720, while failure to hold current levels could see a retest of 1.3600 support.
USDCAD
Sentiment: Positive
Source: Marketaux
manilatimes.net

Gold futures surge above $3,347 as USD weakens on Fed rate cut hopes

Gold futures have pushed above the critical $3,347.4 Point of Control level, gaining momentum as the US dollar weakens amid growing expectations for Federal Reserve rate cuts. The precious metal is testing bullish territory with increased trading volume at this key pivot point, suggesting strong buyer interest. Technical indicators show VWAP deviations providing dynamic support levels for traders to manage positions effectively. The weakening dollar, driven by market pricing in potential Fed easing cycles, has enhanced gold's appeal as a safe-haven asset. Immediate resistance appears at the upper VWAP bands, while the $3,347.4 POC now acts as crucial intraday support. Traders are closely monitoring US economic data releases that could influence Fed policy decisions. A sustained break above current levels could accelerate gains toward $3,400, while failure to hold above the POC might trigger profit-taking back to lower VWAP support zones.
XAUUSD
Sentiment: Very Positive
Source: Marketaux
Forexlive

GBP/USD tests bullish channel top near 1.2750 amid USD weakness

GBP/USD is trading at the upper boundary of its established bullish channel, approaching key resistance levels as dollar weakness persists. The pair has maintained its upward trajectory within the ascending channel formation, with current price action testing the upper trendline resistance. Technical analysis indicates the pair faces a critical juncture where it must either break above the channel for acceleration higher or face potential reversal back toward channel support. The sustained dollar weakness, driven by Federal Reserve rate cut expectations, has provided additional tailwind for sterling's advance. Immediate resistance lies at the channel top near current levels, while support is found at the channel midpoint around 1.2680. A decisive break above the channel could target 1.2800 psychological resistance, while rejection here might see a pullback toward 1.2650 channel support. Traders should monitor upcoming UK economic data and any shifts in Fed policy expectations for directional cues.
GBPUSD
Sentiment: Positive
Source: Finnhub
forexcrunch.com

EUR/USD rebounds as dollar retreats following strong US jobs data

EUR/USD staged a recovery during Tuesday's session, with the dollar pulling back despite Monday's robust US employment figures. The pair rose 0.25% to trade near 1.0875 as traders took profits on dollar longs following the initial jobs-driven rally. US employment data had shown stronger-than-expected job additions, initially boosting the greenback across the board. However, concerns about sustainability of US economic momentum and mixed signals from other indicators prompted a reassessment. Technical analysis indicates EUR/USD found support at the 1.0840 level, with momentum indicators suggesting room for further recovery. Immediate resistance lies at 1.0900, a break above which could target 1.0920. The rebound reflects market participants balancing strong US labor market conditions against broader concerns about global growth and potential Fed policy shifts. Traders await Wednesday's eurozone inflation data and Thursday's ECB meeting minutes for further directional clues.
EURUSD
Sentiment: Positive
Source: Marketaux
investing.com

Gold rises as USD weakens; EUR/USD, AUD/USD benefit from dollar decline

Gold prices have climbed notably as the US dollar index retreats amid strengthening Federal Reserve rate cut expectations for 2025. The precious metal's advance coincides with broad dollar weakness that has lifted major currency pairs, with EUR/USD and AUD/USD posting gains while USD/CHF declines. Market participants are increasingly pricing in Fed easing, weakening the greenback's appeal and boosting non-yielding gold. The euro has capitalized on dollar softness despite mixed European economic signals, while the Australian dollar benefits from both USD weakness and commodity price support. Technical levels show gold testing recent highs with momentum indicators turning bullish. Currency traders are positioning for continued dollar pressure unless upcoming US economic data significantly alters the Fed's policy outlook. The interconnected moves across gold and major forex pairs highlight the dominant theme of dollar weakness driving current market dynamics.
EURUSD USDCHF AUDUSD XAUUSD
Sentiment: Positive
Source: Marketaux
investing.com

GBP/USD July seasonality signals upside but rally may be overextended

GBP/USD faces a critical assessment as July's historically bullish seasonality for sterling clashes with concerns about an already extended rally. Historical data shows July typically favors GBP strength, with the pair averaging positive returns during this month over the past decade. However, current technical indicators suggest the recent advance may have pushed the pair into overbought territory, raising questions about further upside potential. The analysis also highlights movements in EUR/USD, USD/JPY, and AUD/USD as traders navigate shifting currency dynamics. Key resistance for GBP/USD sits at recent highs near 1.2750, while support emerges around 1.2650. Market participants are weighing seasonal patterns against technical exhaustion signals and fundamental drivers including UK economic data and Bank of England policy expectations. The confluence of positive seasonality with stretched positioning creates a challenging environment for directional trades, suggesting potential consolidation or measured advances rather than aggressive continuation.
GBPUSD EURUSD USDJPY AUDUSD
Sentiment: Neutral
Source: Marketaux
investing.com

ATFX Q3 2025: Navigating forex volatility amid global uncertainty

ATFX's Q3 2025 Trader Magazine release addresses heightened market volatility expected during one of the year's most turbulent quarters, with particular focus on renewed US economic concerns impacting forex markets. The publication provides comprehensive analysis of major currency pairs as traders navigate an increasingly uncertain global financial landscape. Key themes include potential shifts in Federal Reserve policy, geopolitical tensions affecting safe-haven currencies, and emerging market vulnerabilities. The magazine emphasizes risk management strategies essential for forex traders during periods of elevated volatility. Technical and fundamental analysis tools are highlighted to help identify opportunities across major and cross currency pairs. With US economic indicators showing mixed signals and global growth concerns mounting, the publication serves as a timely resource for understanding complex market dynamics. Traders are advised to maintain disciplined approaches while capitalizing on increased volatility through proper position sizing and stop-loss implementation.
EURUSD GBPUSD USDJPY
Sentiment: Neutral
Source: Marketaux
Forexlive

USD awaits ADP jobs data ahead of NFP, EUR quiet with ECB speakers

The forex market remains in consolidation mode with major pairs trading within tight ranges ahead of today's US ADP employment report, expected at 95K versus 37K previously. While the ADP data typically has limited market impact, traders are positioning cautiously before tomorrow's crucial Non-Farm Payrolls release, which the Federal Reserve closely monitors for monetary policy decisions. The European session lacks significant economic releases, with only ECB speakers scheduled who are unlikely to provide new policy insights. The Canadian Manufacturing PMI later today could influence CAD pairs if it deviates significantly from expectations. USD pairs are trading near recent ranges, with EURUSD holding above 1.0800 support and GBPUSD consolidating around 1.2650. The lack of major catalysts today suggests continued range-bound trading, with volatility likely to increase tomorrow around the NFP release. Traders should monitor the ADP figure for any extreme surprises that could signal tomorrow's employment trend.
EURUSD GBPUSD USDCAD
Sentiment: Neutral
Source: Finnhub
Forexlive

EUR/USD holds below 1.1800 as traders await US jobs report

EUR/USD is trading just under the 1.1800 level during early European hours, with large option expiries at this psychological resistance keeping price action contained. The dollar remains in a vulnerable position overall after mixed trading on Tuesday, though the pair's upside momentum has stalled following ECB Vice President de Guindos' dovish remarks yesterday. Market participants are exercising caution ahead of Friday's crucial US Non-Farm Payrolls report, which could provide clearer direction before the extended weekend. The greenback's recent weakness has left it exposed to further selling pressure, particularly if employment data disappoints expectations. Technical traders note the significance of the 1.1800 level, where concentrated option activity may act as a magnet for price action throughout the session. A decisive break above this resistance could open the path toward 1.1850, while failure to clear it may see the pair consolidate in the 1.1750-1.1800 range.
EURUSD
Sentiment: Neutral
Source: Finnhub
forexlive.com

Asian FX session sees rangebound trading with limited volatility

Currency markets experienced subdued price action during Tuesday's Asian trading session, with major pairs confined to tight ranges as traders adopted a wait-and-see approach. The lack of significant economic releases from the region contributed to the muted volatility, with most currency pairs trading within 20-30 pip ranges throughout the session. Market participants appeared reluctant to establish new positions ahead of key risk events later in the week, including the US employment report and various central bank communications. The dollar index remained relatively stable near recent levels, neither extending losses nor mounting a recovery from its vulnerable position. Asian currencies showed mixed performance, with the Japanese yen holding steady while commodity currencies like AUD and NZD saw minor fluctuations tied to overnight commodity price movements. The subdued conditions reflect typical pre-event positioning, suggesting traders are preserving capital for potentially more volatile sessions ahead.
USDJPY AUDUSD NZDUSD
Sentiment: Neutral
Source: Marketaux
Forexlive

USD/JPY approaches Tuesday high as dollar strengthens across majors

The US dollar is gaining strength across major currency pairs, with USD/JPY testing resistance near Tuesday's US session highs. The greenback's broad-based recovery is pressuring most major currencies, with AUD/USD experiencing notable weakness partially attributed to disappointing Australian retail sales data. The weak retail figures marginally increase the likelihood of a Reserve Bank of Australia rate cut at next week's policy meeting, adding to the Australian dollar's downside pressure. However, the primary driver remains overall USD strength rather than individual currency weakness. Technical momentum suggests USD/JPY could breach recent highs if dollar buying persists. Traders should monitor key resistance levels from Tuesday's peak while watching for any shifts in risk sentiment that could affect yen safe-haven flows. The combination of broad dollar strength and potential RBA dovishness creates a challenging environment for commodity currencies.
USDJPY AUDUSD
Sentiment: Positive
Source: Finnhub

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