Market Overview The crypto market is continuing its recovery, which coincided with the start of the calendar month. Market capitalisation has reached $2.14T, up from a low of $2.02T at the start of 1 July. Buying is taking place across the board. Amongst the individual performers over the last 24 hours, the leaders were (+13.1%),…
By Samuel Indyk and Jiaxing Li LONDON, July 3 (Reuters) – The U.S. dollar fell towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the…
Japan last month reduced gas-fired generation in favor of coal as the price of liquefied natural gas remained elevated despite multiple reports of energy flows out of the Strait of Hormuz improving. The country generated 17.3 terawatt-hours from gas-fired power plants in June, Bloomberg reported, which was down by 16% on June 2025. Coal-fired generation,…
Yesterday’s softer U.S. payroll report triggered a broad U.S. dollar selloff, sending USD/CAD lower. From a macro perspective, this looks more like a corrective move than a trend reversal. Bullish Drivers Weak oil prices continue to limit Canadian dollar strength. Fed–BoC policy divergence remains supportive of USD. Medium-term trend structure is intact. Bearish Drivers Softer…
XAU/USD (Gold) – 15-Minute Technical Analysis The chart shows Gold pulling back into a key demand/support zone after a strong impulsive rally, suggesting buyers may be looking to defend the recent breakout. The overall short-term structure remains bullish as long as price holds above support. Market StructureThe strong bullish impulse established a higher high, confirming…
Structure has clearly shifted from distribution to accumulation. The earlier decline swept liquidity below 3,964, and from there price began printing a disciplined sequence of higher lows. That shift was confirmed by a break of structure near 4,060, followed by a strong impulsive leg that pushed price into the 4,170 region. The speed of that…
Kiwi (NZD/USD) could fall towards the pivot, which is a pullback support, and could bounce towards the 1st resistance. Pivot: 0.5707 1st Support: 0.5688 1st Resistance: 0.5728 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any…
After losing a third of its value in the first half of 2026, Bitcoin (BTCUSD) has rallied 5% to kick off July, boosted by dovish remarks from Federal Reserve officials. The pioneer cryptocurrency’s push back above the closely-watched $60K level also likely accelerated short-term momentum, with over $500 million in short positions liquidated in recent…
By Gregor Stuart Hunter SINGAPORE, July 3 (Reuters) – Stocks rose during the Asian trading session on Friday after a lukewarm U.S. jobs report poured cold water on the prospect of an imminent rate hike from the Federal Reserve and regional activity gauges pointed to an economic expansion during June. After a shaky start, MSCI’s…
SINGAPORE, July 3 (Reuters) – Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan ($619.4 million), moving it closer to one of China’s most watched technology initial public offerings. The approval comes as China’s onshore IPO market shows signs of life after…
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