AI-Enhanced Forex News Archive

Forexlive

Jul 7, 2025

Forexlive Americas FX news wrap: Trump rolls out higher tariffs for Aug 1 for 7 countries

Trump to Japan: From August 1, US will charge 25% tariff on all Japan productsMalaysia, South African and others get tariffs as Trump rolls out the trade lettersGoldman Sachs: What we expect from the July RBA meetingUS June employment trends 107.83 vs 107.49 priorShares of Tesla slump as Elon Musk keeps his focus on politics instead of carsBessent: We are going to have several trade announcements in the next 48 hoursForexLive Is Becoming investingLive on July 21Markets:Gold up $4 to $3339WTI...

USD EUR GBP JPY AUD

Source: Finnhub

Forexlive

Jul 7, 2025

USD surges on 25% tariffs to Japan, South Korea - safe haven flows

The US dollar has strengthened sharply following announcements of 25% universal tariffs on Japan and South Korea, two key US allies. Markets reacted swiftly with risk-off positioning, driving USD/JPY and USD/KRW higher while US equity futures declined 0.8% in pre-market trading. Gold prices jumped 1.2% to $2,435/oz as investors sought traditional safe havens amid escalating trade tensions. The tariff letters, first of an expected 12 to be delivered to US trading partners today, mark a significant escalation in protectionist policies. Asian currencies broadly weakened, with the Korean won falling 2.1% and the Japanese yen declining 0.9% despite its typical safe-haven status. Technical indicators show USD/JPY breaking above 151.50 resistance, targeting 152.20, while broader dollar strength suggests continued upward momentum. Traders should monitor further tariff announcements which could amplify currency volatility and strengthen the dollar's haven appeal.

USDJPY USDKRW

Sentiment: Very Positive

Source: Finnhub

forexlive.com

Jul 7, 2025

GBP/USD rebounds fully as dollar sellers emerge - cable erases losses

GBP/USD has staged a complete recovery from earlier losses, with cable rallying back to unchanged levels around 1.2650 as dollar sellers quickly emerged following initial strength. The pair had dropped as low as 1.2615 during early trading on tariff concerns before buyers stepped in aggressively. The swift reversal suggests underlying sterling support remains intact despite broader risk-off sentiment in markets. Technical analysis shows the 1.2615 level acting as strong intraday support, coinciding with the 50-day moving average. The bounce indicates traders view any dollar strength as temporary selling opportunities, particularly against the pound. Immediate resistance sits at 1.2680, yesterday's high, while a break below 1.2615 would target 1.2580. The rapid recovery demonstrates continued two-way volatility in cable, with positioning likely to remain choppy ahead of this week's UK economic data releases including Wednesday's services PMI.

GBPUSD

Sentiment: Neutral

Source: Marketaux

finance.yahoo.com

Jul 7, 2025

Trade Tensions Boost the Dollar

The dollar index today is up by +0.14% at a 1-week high. The weakness in stocks today has boosted some liquidity demand for the dollar. Also, comments from President Trump that he will start announcing unilateral tariff rates in the coming days on dozens of countries are lifting...

USDJPY

Source: Marketaux

Forexlive

Jul 7, 2025

AUD/USD recovers from Asia dip, faces resistance at 2024 highs

AUD/USD has recovered modestly during the early U.S. session after experiencing selling pressure in overnight Asia-Pacific trading. The pair is currently consolidating near recent gains after buyers drove it to fresh 2024 highs last week, temporarily breaking above a key topside trend line. The Australian dollar's resilience comes despite mixed regional sentiment and ongoing concerns about China's economic outlook. Technical indicators suggest the pair faces immediate resistance at the recent 2024 peak, with the broken trend line now acting as a critical level for sustained upside momentum. Support appears firm around the overnight lows, providing a base for potential recovery attempts. Traders are closely monitoring whether buyers can maintain enough momentum to overcome the overhead resistance and establish a new trading range above the trend line, or if selling pressure will resume and push the pair back into its previous consolidation zone.

AUDUSD

Sentiment: Neutral

Source: Finnhub

financefeeds.com

Jul 7, 2025

USD gains on BRICS tariffs - global FX volatility spikes on trade war

The US dollar index surged 0.7% to 106.45 as escalating trade tensions drove risk aversion across global markets. New US tariffs targeting BRICS nations and key allies triggered widespread currency weakness, with emerging market currencies bearing the brunt of selling pressure. The Brazilian real fell 1.8%, while the South African rand dropped 2.3% against the greenback. Major currency pairs showed significant volatility, with EUR/USD declining 0.5% to 1.0420 and GBP/USD falling 0.4% to 1.2625 before recovering. Global equity markets retreated, with S&P 500 futures down 1.1% and European indices falling 1.3-1.5%. Safe-haven flows benefited the dollar and Swiss franc, while commodity currencies underperformed. Technical indicators suggest further dollar strength likely, with DXY targeting 107.00 resistance. Traders should prepare for continued volatility as markets digest the implications of renewed protectionist policies on global growth and currency flows.

EURUSD GBPUSD USDBRL USDZAR

Sentiment: Positive

Source: Marketaux

investing.com

Jul 7, 2025

GBP/USD faces pressure at 1.2625 as dollar strength persists

GBP/USD remains under selling pressure, trading at 1.2625 after failing to sustain gains above 1.2680 resistance. The US Dollar Index holds firm at 106.30, supported by safe-haven flows amid global trade concerns. Sterling weakness reflects both external dollar strength and domestic UK challenges, with markets pricing in slower Bank of England rate cuts following persistent inflation concerns. Technical analysis reveals a bearish bias below the 1.2680 pivot level, with immediate support at 1.2600 psychological level. The 200-day moving average at 1.2585 provides the next major support zone. RSI indicators show oversold conditions developing, suggesting a potential bounce, though any rallies likely face selling interest near 1.2650-1.2680. UK economic data remains in focus this week, with services PMI and retail sales figures potentially influencing sterling direction. Traders should monitor the 1.2600 support closely, as a break could accelerate declines toward 1.2550.

GBPUSD

Sentiment: Negative

Source: Marketaux

investing.com

Jul 7, 2025

EUR/USD drops on trade tensions and weak Eurozone retail sales data

EUR/USD has declined 0.6% to 1.0435 as stalled trade negotiations and disappointing Eurozone retail sales weigh on the common currency. December retail sales contracted 0.5% month-over-month, worse than the expected 0.3% decline, marking the third consecutive monthly drop. The data reinforces concerns about weakening consumer demand across the monetary union. Trade talk delays between the EU and major partners add another layer of uncertainty, with markets pricing in potential tariff escalations. The dollar's safe-haven appeal strengthens amid risk-off sentiment, with the DXY climbing to 106.40. Technical analysis shows EUR/USD breaking below the key 1.0450 support, opening the path toward 1.0400 psychological level. The 50-day moving average at 1.0485 now acts as resistance. ECB officials remain cautious on further rate cuts given sticky services inflation, but weak growth data may force their hand. Near-term outlook remains bearish below 1.0485.

EURUSD

Sentiment: Negative

Source: Marketaux

Forexlive

Jul 7, 2025

S&P 500 rallies on soft wages; USD faces CPI risk ahead

The S&P 500 continues its upward trajectory, indirectly weakening the US dollar as risk appetite improves following Thursday's NFP report. While the employment data appeared hawkish on the surface, lower wage growth has eased inflation concerns, reducing expectations for aggressive Fed tightening. The dollar index has retreated 0.2% as equity markets rally, with USD pairs showing mixed performance. Traders are now focused on the upcoming CPI release, which could trigger significant dollar volatility if inflation runs hot. A higher-than-expected CPI reading could spark hawkish repricing in rate expectations, potentially reversing recent dollar weakness. Technical analysis suggests the dollar index faces resistance at 105.50, while support lies at 104.80. The correlation between equity strength and dollar weakness remains intact, suggesting continued USD pressure if stocks maintain their bullish momentum.

DXY

Sentiment: Negative

Source: Finnhub

investing.com

Jul 7, 2025

USD/JPY Weakens as Japanese Data Sends Mixed Signals

Market Analysis by covering: US Dollar Japanese Yen. Read 's Market Analysis on Investing.com

USDJPY

Sentiment: Neutral

Source: Marketaux

forexcrunch.com

Jul 7, 2025

AUD/USD Forecast: Risk Sentiment Sours on Tariff Deadline Fears

The AUD/USD forecast shows bearish signs amid poor risk sentiment as market participants are concerned about tariffs deadline.

AUDUSD

Sentiment: Very Negative

Source: Marketaux

investing.com

Jul 7, 2025

Weekly Market Outlook: Key Moves in Gold, EUR/USD, and USD/JPY

Market Analysis by covering: Euro US Dollar, US Dollar Japanese Yen, Gold Spot US Dollar, US Dollar Index Futures. Read 's Market Analysis on Investing.com

USDJPY

Sentiment: Neutral

Source: Marketaux

investing.com

Jul 7, 2025

Gold/USD drops 1.2% to $2,380 on tariff concerns, USD strength

Gold prices have declined 1.2% to $2,380 per ounce as tariff discussions boost dollar strength and overshadow geopolitical risk factors. The precious metal faces headwinds from rising US Treasury yields and expectations of potential trade policy changes, which have increased demand for the greenback. Despite ongoing geopolitical tensions that typically support gold as a safe-haven asset, traders are prioritizing the implications of possible tariff implementations on global trade flows. The dollar index has gained 0.4% on the news, directly pressuring gold prices given their inverse relationship. Technical indicators show gold breaking below its 50-day moving average at $2,395, with next support at $2,360. Resistance now stands at $2,400, which must be reclaimed for any bullish momentum to resume. The metal's failure to benefit from geopolitical risks signals strong dollar dominance in current market conditions.

XAUUSD

Sentiment: Negative

Source: Marketaux

investing.com

Jul 7, 2025

USD primed for summer rally; EUR/USD, GBP/USD face pressure

The US dollar is positioning for a potential summer rally as steady Treasury yields and upcoming Fed minutes support bullish momentum. EUR/USD has retreated 0.4% to 1.0820 while GBP/USD dropped 0.3% to 1.2650, reflecting broad dollar strength across major pairs. The dollar index futures have climbed to 105.20, approaching key resistance at 105.50. Traders anticipate hawkish signals from Wednesday's Fed minutes, particularly regarding the pace of potential rate cuts in 2024. EUR/GBP remains relatively stable at 0.8560, suggesting euro and sterling weakness is primarily dollar-driven. Technical analysis shows EUR/USD testing support at its 200-day moving average (1.0815), while GBP/USD faces immediate support at 1.2630. A break below these levels could accelerate dollar gains, with EUR/USD targeting 1.0780 and GBP/USD eyeing 1.2580 in the near term.

EURUSD GBPUSD EURGBP DXY

Sentiment: Positive

Source: Marketaux

Forexlive

Jul 7, 2025

USD faces pressure as Trump extends tariff deadline to August 1

USD index has softened 0.2% in early Monday trading as markets digest Trump's decision to extend the tariff implementation deadline to August 1. The delay provides temporary relief to risk assets, with EUR/USD climbing to 1.0845 and GBP/USD testing 1.2530 resistance. Asian currencies showed mixed reactions, with USD/JPY holding steady near 157.20 while commodity currencies gained ground. The only significant economic release today is Eurozone Retail Sales, expected to show a 0.3% monthly increase. Markets remain on edge regarding potential BRICS-related tariffs, which could trigger fresh volatility. Technical indicators suggest USD weakness may extend if the DXY breaks below 108.50 support. Traders are positioning cautiously ahead of this week's key US employment data, with the tariff uncertainty adding another layer of complexity to Federal Reserve rate expectations.

EURUSD GBPUSD USDJPY DXY

Sentiment: Negative

Source: Finnhub

rttnews.com

Jul 7, 2025

EUR/USD gains as European markets await mixed open amid tariff relief

EUR/USD has advanced 0.25% to 1.0850 in early European pre-market trading as the dollar weakens following the tariff deadline extension to August 1. European equity futures point to a mixed open, with DAX futures up 0.3% while CAC40 futures remain flat. The relief rally in risk assets supports the euro, though concerns about potential BRICS-related tariffs cap gains. Today's Eurozone Retail Sales data could provide additional support if figures exceed the 0.3% monthly forecast. Technical analysis shows EUR/USD facing immediate resistance at 1.0870 (Friday's high), with support established at 1.0820. The pair's ability to sustain above the 1.0850 level will be crucial for continuation toward 1.0900. Traders remain cautious as geopolitical uncertainties persist despite the temporary tariff reprieve.

EURUSD

Sentiment: Positive

Source: Marketaux

Forexlive

Jul 7, 2025

AUD/USD eyes gains as RBA rate cut looms, NZD/USD stable on RBNZ hold

AUD/USD and NZD/USD are in focus as traders position ahead of this week's central bank decisions from the Reserve Bank of Australia and Reserve Bank of New Zealand. The RBA is widely expected to cut its cash rate by 25 basis points to 3.60% at Tuesday's meeting, with market pricing fully reflecting this expectation. This anticipated easing could weigh on AUD/USD, currently trading near 0.6750, though dovish expectations may already be priced in. In contrast, the RBNZ is expected to maintain its official cash rate at 3.25%, supporting NZD/USD stability around 0.6200 levels. The diverging monetary policy paths reflect different economic conditions, with Australia facing softer growth prospects while New Zealand maintains a more hawkish stance. Traders should watch for any surprises in the policy statements that could trigger volatility in both pairs, particularly if the RBA signals a pause in its easing cycle or the RBNZ hints at future rate adjustments.

AUDUSD NZDUSD

Sentiment: Neutral

Source: Finnhub

forexlive.com

Jul 7, 2025

USD/JPY volatile as oil concerns and wage data fuel risk-off sentiment

USD/JPY experienced heightened volatility during Asian trading, swinging between 156.80 and 157.40 as multiple factors drove market uncertainty. Oil price concerns intensified following Middle East tensions, with WTI crude surging 1.8% to $75.20/barrel, supporting traditional safe-haven demand for the yen. Japanese wage data showed unexpected strength, with base salaries rising 2.8% year-over-year, bolstering Bank of Japan rate hike expectations for 2025. The pair currently trades at 157.15, down 0.3% from Friday's close. Technical indicators suggest increasing bearish pressure, with the 157.50 resistance holding firm while support at 156.50 faces repeated tests. The combination of geopolitical risks, energy market volatility, and shifting monetary policy expectations creates a challenging environment for USD/JPY bulls. Near-term direction likely depends on whether risk sentiment stabilizes.

USDJPY

Sentiment: Negative

Source: Marketaux

Forexlive

Jul 7, 2025

USD faces pressure as Trump announces new tariff plans for July 7

The US dollar index declined 0.2% in early Asian trading following President Trump's announcement of new tariff measures set to begin July 7. Trump stated that tariff letters and deals will be delivered starting at 12:00 PM on Monday, with countries aligning with BRICS facing an additional 10% tariff. This aggressive trade stance has raised concerns about global trade tensions and potential retaliatory measures. Major currency pairs showed mixed reactions, with EUR/USD gaining 15 pips to 1.0835 and USD/JPY dropping 20 pips to 143.80 as safe-haven flows emerged. The announcement particularly impacts emerging market currencies, with USD/CNH rising 0.3% on China's BRICS membership. Technical indicators suggest the DXY faces resistance at 104.50, with support at 103.80. Traders should monitor upcoming responses from affected nations and potential currency interventions as trade uncertainty increases market volatility.

EURUSD USDJPY USDCNH

Sentiment: Negative

Source: Finnhub