Gold hovered near recent lows as safe-haven demand eased after the U.S.-EU deal, which mirrored the earlier U.S.-Japan agreement. Traders now await key U.S. data and the Fed’s rate decision for further direction.
Bitcoin stabilized near $119,000 after a recent pullback, holding firm above key technical levels. The long-term outlook remains bullish, with the 200-day moving average signaling continued strength.
The yen weakened for a third session as improved global trade sentiment reduced demand for safe assets. The recent U.S. deals with the EU, Japan, and Indonesia shifted focus to upcoming U.S.-China talks.
Oil prices rose after the U.S.-EU trade agreement eased global trade fears. The lower 15% tariff supported demand sentiment, while markets await OPEC’s July output estimates.
U.S. tech futures edged higher following the U.S.-EU trade agreement. Investors are now focused on earnings, the Fed’s upcoming policy decision, and key data like inflation and jobs reports.
The yuan held near 7.16 as attention turned to U.S.-China talks in Stockholm. Optimism over a truce extension and discussions on energy and geopolitical topics are keeping sentiment cautiously positive.
Please take a look at the file below for further analysis.