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AI-Enhanced Forex News Archive

Professional trading insights from Wednesday, July 9, 2025

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News Statistics for Wednesday, July 9, 2025

17
Total Articles
1
Bullish
4
Bearish
12
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Archive date: Wednesday, July 9, 2025

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Forexlive

Trump hits Brazil with a 50% tariff

Trump tweeted out the letter, here's page 1:Brazil's real is taking a hit on the news. Added - down more than 2%. This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Finnhub
forexlive.com

EUR/USD falls as Credit Agricole sees trade deal gains priced in

EUR/USD declined 15 pips to 1.1709 as Credit Agricole analysts suggested that many positive expectations from potential US trade deals are already reflected in current pricing. The euro's weakness comes amid broader market repositioning as traders reassess the currency pair's recent gains. Market participants appear to be taking profits after the pair's rally, with analysts warning that further upside may be limited unless new positive catalysts emerge. The dollar found support as investors scaled back overly optimistic positions on European economic recovery relative to the US. Technical indicators show EUR/USD facing resistance near 1.1750, while immediate support lies at 1.1680. Traders are now awaiting fresh economic data and any concrete developments on international trade agreements to provide clearer directional cues for the pair.
EURUSD
Sentiment: Negative
Source: Marketaux
Forexlive

Crude oil drops 0.67% ahead of US inventory data release

WTI crude oil fell $0.46 to $67.87, down 0.67%, as markets braced for official US inventory data following yesterday's surprising private API report showing a 7.1 million barrel build versus expectations of a draw. The unexpected increase in crude stockpiles pressured oil prices, potentially impacting commodity-linked currencies like CAD and NOK. Gasoline inventories showed a decline of 2.2 million barrels according to API data. Market consensus for today's EIA release anticipates a crude draw of 2.071 million barrels, gasoline decline of 1.486 million, and distillates drop of 0.314 million. The previous week saw Cushing stocks fall by 1.49 million barrels. A confirmation of the API's bearish surprise could further weaken oil prices and pressure petroleum-exporting nations' currencies, while a contradiction might provide relief to commodity currency pairs.
USDCAD USDNOK
Sentiment: Negative
Source: Finnhub
zerohedge.com

US futures rise on Trump tariff updates with FOMC minutes ahead

US equity futures advanced as markets digested updates on potential Trump administration tariff policies, creating a risk-on environment that typically weakens safe-haven currencies like USD, JPY, and CHF. The positive sentiment in equities suggests reduced concerns about aggressive protectionist measures that could disrupt global trade flows. Traders are positioning ahead of the FOMC minutes release, which could provide crucial insights into the Federal Reserve's thinking on monetary policy trajectory. Any hawkish surprises in the minutes could strengthen the dollar and reverse current risk-on flows. The combination of trade policy clarity and pending Fed communications creates a volatile environment for major currency pairs. Market participants are particularly focused on how the Fed views recent economic data and whether committee members see scope for policy adjustments in upcoming meetings.
USDJPY EURUSD GBPUSD
Sentiment: Neutral
Source: Marketaux
forexlive.com

Dollar steady as EU seeks trade deal; equities push higher

The US dollar maintained stability during European trading hours while global equities advanced on reports that the European Union is actively pursuing a trade agreement with the United States. The potential for reduced transatlantic trade tensions supported risk appetite, limiting safe-haven demand for the greenback. EUR/USD showed little directional conviction as traders balanced optimism over potential trade developments against existing economic fundamentals. European stock indices gained ground, suggesting improved investor confidence in the region's economic outlook. The steady dollar performance despite equity strength indicates markets are awaiting more concrete developments before committing to directional trades. Currency traders are monitoring whether EU-US negotiations progress beyond preliminary discussions, which could significantly impact EUR/USD dynamics. Technical levels remain key with major pairs trading within recent ranges.
EURUSD GBPUSD
Sentiment: Neutral
Source: Marketaux
investing.com

AUD/USD edges higher despite subdued momentum signals

AUD/USD posted modest gains but technical indicators suggest limited upward momentum, reflecting cautious market positioning ahead of key risk events. The Australian dollar's advance comes despite mixed signals from commodity markets and uncertainty over China's economic trajectory, Australia's largest trading partner. Technical analysis reveals the pair struggling to break above key resistance levels, with momentum oscillators showing divergence from price action. The subdued momentum suggests traders are hesitant to commit to directional positions without clearer fundamental catalysts. Support for the Aussie comes from relatively hawkish RBA positioning compared to other major central banks, though this is partially offset by concerns over global growth. Near-term resistance sits at 0.6850, while support is found at 0.6780. Traders await Australian employment data and Chinese economic indicators for clearer directional cues.
AUDUSD
Sentiment: Neutral
Source: Marketaux
Forexlive

GBP/USD faces pressure as BoE's Bailey addresses global yield curve steepening

GBP/USD is experiencing downward pressure following BoE Governor Bailey's comments on global yield curve steepening and its impact on UK investment decisions. Bailey noted that the steepening in bond yield curves is not particularly UK-focused but a global phenomenon that requires careful consideration in the annual QT (Quantitative Tightening) decision. The Governor highlighted that firms are reporting higher uncertainty is delaying investment decisions and capital raising, which could have knock-on effects on employment. This cautious tone from the BoE, combined with concerns about business investment slowdown, is weighing on sterling sentiment. The yield curve steepening reflects growing divergence between short-term and long-term interest rate expectations globally. For GBP/USD traders, these developments suggest potential headwinds for the pound as investment uncertainty could impact UK economic growth prospects and potentially influence the BoE's future monetary policy decisions.
GBPUSD
Sentiment: Negative
Source: Finnhub
investing.com

XAU/USD declines as Fed caution and tariff concerns strengthen dollar

Gold prices (XAU/USD) are declining against the US dollar as Federal Reserve caution regarding future rate cuts and escalating tariff concerns boost safe-haven demand for the greenback. The precious metal is facing selling pressure as traders reassess Fed policy expectations, with officials maintaining a hawkish stance despite market hopes for aggressive easing. Tariff escalation fears are adding another layer of support for the dollar, as investors worry about potential trade disruptions and their impact on global growth. This combination of factors is creating a challenging environment for gold, which typically benefits from dollar weakness and lower real yields. The stronger dollar makes gold more expensive for holders of other currencies, reducing international demand. Technical traders are watching key support levels as momentum shifts bearish. For forex traders, the XAU/USD weakness reflects broader dollar strength that could impact major currency pairs, particularly those sensitive to risk sentiment and commodity prices.
XAUUSD EURUSD AUDUSD
Sentiment: Negative
Source: Marketaux
Forexlive

USD steady ahead of FOMC minutes; quiet trading day expected

The US dollar index holds near 105.20 as markets await the FOMC minutes release, though limited volatility is expected given the dated nature of the information. Major pairs are trading in tight ranges with EUR/USD hovering around 1.0850, GBP/USD at 1.2750, and USD/JPY consolidating near 157.50. Today's economic calendar is notably sparse, with only the Federal Reserve's meeting minutes from the June policy decision scheduled for release. Market participants recognize that these minutes reflect discussions from several weeks ago and typically offer little new insight into current Fed thinking. Technical indicators suggest continued range-bound trading, with EUR/USD facing resistance at 1.0880 and support at 1.0820. Traders are likely to maintain cautious positioning ahead of more significant data releases later in the week, including Thursday's US CPI and Friday's University of Michigan consumer sentiment data.
EURUSD GBPUSD USDJPY
Sentiment: Neutral
Source: Finnhub
Forexlive

USD holds steady as markets digest Trump tariff threats

The US dollar is maintaining stability across major pairs during European trading, with markets cautiously digesting President Trump's latest tariff threats. Unlike previous sharp reactions to trade headlines, today's response has been notably measured, with major dollar pairs showing minimal movement of less than 0.1%. The subdued volatility suggests traders are adopting a wait-and-see approach, similar to the buildup before April's reciprocal tariff announcements. Market participants appear to be reassessing the likelihood of Trump following through on his threats, which could potentially disrupt global trade flows and impact currency valuations. The lack of significant economic data releases today has left tariff headlines as the primary driver. Technical levels remain intact with EUR/USD hovering near 1.0850 and USD/JPY around 149.50. Traders should monitor any escalation in trade rhetoric which could trigger increased volatility and safe-haven flows.
EURUSD USDJPY
Sentiment: Neutral
Source: Finnhub
forexlive.com

USD gains on Trump tariff hints; RBNZ holds rates; China CPI rises

The US dollar strengthened across major pairs during Asian trading, with USD/JPY climbing 0.4% to 157.80 and EUR/USD slipping 0.2% to 1.0830, following reports of potential Trump administration tariff proposals. The Reserve Bank of New Zealand maintained its cash rate at 5.50% as expected, citing persistent inflation concerns, which kept NZD/USD stable near 0.6050. China's CPI data showed a year-over-year increase of 0.3%, slightly above expectations, supporting risk sentiment in regional markets. AUD/USD edged higher to 0.6680, benefiting from positive Chinese data given Australia's trade exposure. The tariff speculation has reinforced dollar strength, with traders pricing in potential inflationary impacts and Fed policy implications. Technical analysis shows USD/JPY approaching key resistance at 158.00, while support for risk currencies may emerge if Chinese economic data continues to improve throughout the week.
USDJPY EURUSD NZDUSD AUDUSD
Sentiment: Positive
Source: Marketaux
forexlive.com

EUR volatility expected as ECB's Lane, de Guindos speak on policy

EUR/USD trades cautiously at 1.0835 ahead of scheduled speeches by ECB Chief Economist Philip Lane and Vice President Luis de Guindos on monetary policy matters. The euro has been under pressure recently, down 0.5% this week against the dollar, as markets price in potential ECB rate cuts amid slowing Eurozone growth. Lane's comments will be closely watched for insights into the ECB's inflation outlook and potential policy trajectory, particularly after recent data showed Eurozone inflation at 2.4%, approaching the 2% target. Market positioning suggests traders are anticipating dovish signals, with EUR/USD options showing increased demand for downside protection. Technical levels show immediate support at 1.0820 and resistance at 1.0860. Any hawkish surprises from the ECB officials could trigger a short squeeze in EUR/USD, while confirmation of an accommodative stance may accelerate the pair's decline toward 1.0800 psychological support.
EURUSD
Sentiment: Neutral
Source: Marketaux
Forexlive

USD/CNY edges lower as China CPI shows modest 0.1% y/y rise in June

USD/CNY traded 0.15% lower at 7.2680 following China's June inflation data release, which showed consumer prices rising 0.1% year-over-year, slightly above the flat reading expected by economists. The National Bureau of Statistics attributed the modest price increase to ongoing government support policies aimed at stimulating domestic demand. The weak inflation reading reinforces expectations that the People's Bank of China will maintain its accommodative monetary policy stance to support economic growth. Month-over-month, CPI declined 0.2%, highlighting persistent deflationary pressures in the world's second-largest economy. The data suggests limited yuan appreciation potential as monetary policy divergence between the PBOC and Federal Reserve persists. Technical indicators show USD/CNY facing immediate resistance at 7.2750, with support established at 7.2600. Traders are monitoring upcoming Chinese GDP and retail sales data for further directional cues on the yuan's trajectory.
USDCNY
Sentiment: Neutral
Source: Finnhub

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