Daily & Weekly Market Overview
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Daily Market Summary - 10 July 2025
The US Dollar strengthened slightly after hawkish comments from the Fed. GBP and EUR remained steady ahead of key inflation data. Gold slipped marginally, and oil markets saw mild volatility due to geopolitical tensions.
Weekly Outlook: 8-12 July 2025
This week traders focus on CPI reports from the US and UK, ECB's rate decision, and ongoing developments in crude supply. The market is expected to be choppy with short-term opportunities in USD/JPY and EUR/USD pairs.
Technical Snapshot
EUR/USD is testing resistance at 1.0880 with potential for a breakout. GBP/USD is holding support at 1.2730. RSI and MACD indicators suggest potential reversals on key pairs.
Major News Impact
Eurozone business confidence improved slightly, while the Bank of Japan hinted at maintaining accommodative policy. These headlines are impacting short-term market direction and volatility.
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Top 5 Currency Pair Overview
| Currency Pair | RSI | Demand Zone | Volume | Technicals | Moving Averages |
|---|---|---|---|---|---|
| EUR/USD | 56.3 | 1.0830 - 1.0860 | Moderate | Buy | Above 200 MA |
| GBP/USD | 48.7 | 1.2700 - 1.2740 | High | Neutral | Crossing 50 MA |
| USD/JPY | 62.1 | 160.00 - 160.40 | High | Buy | Above 100 MA |
| AUD/USD | 45.0 | 0.6640 - 0.6665 | Low | Sell | Below 50 MA |
| USD/CAD | 53.2 | 1.3630 - 1.3675 | Moderate | Buy | Above 50 & 100 MA |