Financial & Forex Market Recap – July 2, 2026
A sharply weaker U.S. June jobs report sent the dollar to the bottom of the majors, lifted gold near 2%, and cooled the rate-hike pricing built up under Fed Chair Warsh.
A sharply weaker U.S. June jobs report sent the dollar to the bottom of the majors, lifted gold near 2%, and cooled the rate-hike pricing built up under Fed Chair Warsh.
Gold rallied in Asia and has held its gains since in quiet holiday trading. It’s up $53 to $4147 and looking to climb for the first week in five. The gain today came in a burst in Asia and topped out at $4194 before chopping sideways. Gold 10 minutes Gold has struggled since topping at $5418 just before the…
The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709. NZD/USD Price Forecast: Technical outlook The NZD/USD remains technically bearish, even though interest rate probabilities suggest the Reserve Bank of New Zealand could raise…
2026.07.03 2026.07.03 Gold Regains Its Footing. Forecast as of 03.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Rising expectations of further Fed monetary tightening, elevated Treasury yields, and a stronger US dollar had kept gold under pressure. However, the events in Sintra and the US employment report changed everything. Let’s discuss this topic and make a trading plan for XAU/USD. The article covers the…
This was a holiday-shortened week that leaned dovish by the finish. Traders spent the first couple of days shoving the dollar around without much conviction, waiting on the catalysts that would set the tone. They got two. Midweek, Fed Chair Warsh told the Sintra forum that inflation risks had come down and refused to commit to a rate path,…
BOE seeks to hit inflation target without damaging output Market pricing puts the odds of a hike in November at roughly 50%. If oil stays down here the effects of the war should be unwound quickly so we will see where inflation lands by Q4. The pound is up 6 pips to 1.3352 today and these comments won’t move…
EUR/USD holds onto modest gains on Friday but struggles to extend its advance as the US Dollar (USD) stabilizes following Thursday’s weaker-than-expected US jobs report. Market activity remains subdued as US financial markets are closed for the Independence Day holiday. At the time of writing, the pair is trading around 1.1438 after hitting an intraday high of 1.1462, but…
2026.07.03 2026.07.03 WTI Crude Oil: Elliott Wave Analysis and Forecast for 03.07.26–10.07.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 67.00 with a target of 91.80–105.17. A buy signal: the price holds above 67.00. Stop Loss: below 65.50, Take Profit: 91.80–105.17. Alternative scenario: Breakout and consolidation below 67.00 will…
Without knowing how to size positions properly, you may end up taking trades that are far too large for you. Here are some adjustments to consider.
Cereal and packaged food giant General Mills reported earnings this week and the read from the was unambiguous: the consumer is stressed, staying stressed, and the company is planning around it rather than hoping for a turn. The core messages is that they don’t assume any improvement. Dana McNabb (COO) laid it out directly: “What we are anticipating is…