Created
: 2025.07.04
2025.07.04 04:11
The Greenback added to Wednesday's uptick and climbed to fresh multi-day highs boosted by firmer prints from the US Nonfarm Payrolls in June, reinforcing the view of a extremely resilient US labour market and motivating market participants to start repricing potential rate cuts by the Fed in the next few months.
The US Dollar Index (DXY) advanced to weekly peaks near 97.40 amid an equally strong rebound in US yields across different time frames. US markets will be closed on July 4 due to the Independence Day holiday.
EUR/USD extended further its rejection from YTD highs north of the 1.1800 barrier, coming close to the 1.1700 support. Germany's Factory Orders are due seconded by the HCOB Construction PMI in Germany and the Euroland, as well as Producer Prices in the bloc. In addition, the ECB's Lagarde and Elderson are expected to speak.
GBP/USD managed to reverse Wednesday's strong decline, regaining the 1.3600 hurdle and beyond despite persistent unease around the UK fiscal situation. The UK S&P Global Construction PMI will be published along with New Car Sales readings.
USD/JPY rose markedly to multi-day peaks, managing to briefly trespass the key 145.00 level. The Household Spending prints will be in the spotlight on the Japanese calendar.
AUD/USD faded three daily upticks in a row, keeping its consolidative mood in the upper end of the range near the 0.6600 region. The next salient event in Australia will be the RBA's interes rate decision on July 8.
Prices of the American WTI charted modest losses around the $67.00 mark per barrel, relinquishing part of its gains recorded in the last couple of days.
Prices of Gold met fresh selling pressure and retreated to the vicinity of the $3,300 mark per troy ounce following another positive day in the Greenback and further advance in US yields across the spectrum. Silver prices added to Wednesday's uptick, rising to two-week highs north of the $37.00 mark per ounce.
Created
: 2025.07.04
Last updated
: 2025.07.04
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy