419240 July 12, 2025 15:00 ICMarkets Market News
Investors largely shrugged off tariff updates and threats this week as sentiment remained positive and stock indices hit all-time highs; however, we did see a bit of a dip on Friday as markets prepare for key earnings reports in the weeks ahead.
There is a big focus on inflation data in the week ahead, with key CPI numbers out in a few key countries including the US, and any significant deviations from expectations could see some big moves in rate expectations and markets.
It is quieter on the central bank front, although we are set to hear from a plethora of Fed members across the course of the week, and this could also move that rate expectation dial.
Here is our usual day-by-day breakdown of the major risk events this week:
It is a quiet start to the week on the economic calendar with no tier 1 releases scheduled; however, traders are expecting more volatility with President Trump promising an update on Russia.
Probably the busiest and potentially most impactful data day of the week, Tuesday sees key data releases across all three trading sessions. Chinese markets will be in focus in the Asian session with a big data drop midway through the day, with GDP, Industrial Production, and Retail Sales numbers all featuring. The London session has the German ZEW Economic Sentiment numbers due out, but the big data for the day comes early after the New York day opens. CPI data is due out of both Canada and the US, with the US numbers set to dominate, especially if the numbers are significantly off the expected 0.3% m/m increase. The Empire State Manufacturing Index data is also due out at the same time, and later in the day we hear from Fed members Barr, Barkin, Bowman, and Collins, as well as Bank of England Governor Andrew Bailey near the day’s close.
There are more inflation updates on the cards on Wednesday. The Asian session is relatively quiet, but focus will be on UK markets early in the European day with the CPI numbers due for release. US PPI numbers are due out early in the New York day before we have the usual weekly US Crude Oil Inventory data. Fed members Barkin, Barr, and Williams are also set to speak.
Australian markets are in focus early in the Asian session with key employment data under an even stronger microscope this week after last week’s RBA hold. UK markets are again in focus on the London open with the employment data due for release, and we once again have tier 1 US numbers shortly after the New York open. Retail Sales, Weekly Unemployment Claims, and the Philly Fed Manufacturing Index data sets are all due out early in the day before we have more Fed updates, with members Kugler, Daly, Cook, and Waller all set to speak.
It is a much quieter calendar day on Friday with nothing major scheduled in the first two sessions of the day. The US session has the preliminary University of Michigan Consumer Sentiment and Inflation Expectations numbers due out early in the day, but calendar-wise it should be a smoother run into the weekend for traders.
The post The Week Ahead – Week Commencing 14 July 2025 first appeared on IC Markets | Official Blog.
419221 July 11, 2025 18:00 ICMarkets Market News
1
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Ex-Dividends | ||
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2
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14/07/2025 | ||
3
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Indices | Name |
Index Adjustment Points
|
4
|
Australia 200 CFD
|
AUS200 | – |
5
|
IBEX-35 Index | ES35 | 0.56 |
6
|
France 40 CFD | F40 | – |
7
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Hong Kong 50 CFD
|
HK50 | – |
8
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Italy 40 CFD | IT40 | – |
9
|
Japan 225 CFD
|
JP225 | – |
10
|
EU Stocks 50 CFD
|
STOXX50 | – |
11
|
UK 100 CFD | UK100 | – |
12
|
US SP 500 CFD
|
US500 | 0.01 |
13
|
Wall Street CFD
|
US30 | – |
14
|
US Tech 100 CFD
|
USTEC | – |
15
|
FTSE CHINA 50
|
CHINA50 | 11.08 |
16
|
Canada 60 CFD
|
CA60 | – |
17
|
Germany Tech 40 CFD
|
TecDE30 | – |
18
|
Germany Mid 50 CFD
|
MidDE50 | – |
19
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Netherlands 25 CFD
|
NETH25 | – |
20
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Switzerland 20 CFD
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SWI20 | – |
21
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Hong Kong China H-shares CFD
|
CHINAH | – |
22
|
Norway 25 CFD
|
NOR25 | – |
23
|
South Africa 40 CFD
|
SA40 | – |
24
|
Sweden 30 CFD
|
SE30 | – |
25
|
US 2000 CFD | US2000 | 0.3 |
26
|
Germany 40 | DE40 | – |
The post Ex-Dividend 14/7/2025 first appeared on IC Markets | Official Blog.
419210 July 11, 2025 13:39 ICMarkets Market News
Asian stock markets experienced a mixed trading session on Friday, July 11, 2025, as investor sentiment was swayed by a combination of global trade tensions, particularly new tariff announcements from the US, and ongoing corporate earnings reports. While some regional indices showed resilience, others faced downward pressure.
In India, benchmark indices Sensex and Nifty opened lower, with the Sensex dropping over 600 points and the Nifty falling below the 25,200 mark. This decline was largely attributed to weaker-than-expected earnings from key companies like TCS, whose shares slipped after reporting a revenue decrease in constant currency terms for Q1 FY26. Other IT stocks also saw declines. Broader Indian markets also consolidated downwards, with analysts recommending a cautious, selective approach during the earnings season.
Across other major Asian markets, performance varied. The Shanghai Composite Index saw a slight gain, while the Hang Seng Index also edged up. In contrast, Australia’s S&P/ASX 200 and South Korea’s Kospi experienced minor dips. Japan’s Nikkei 225 registered a modest increase.
The overarching theme impacting markets was US President Donald Trump’s new tariff announcements, including a 35% tariff on Canadian goods and discussions of broader tariffs on other trading partners. Despite these concerns, Wall Street had closed at record highs on Thursday, providing some positive global cues. However, oil prices saw a decline, and gold prices edged up as investors reacted to the evolving trade landscape. The market remains sensitive to geopolitical developments and corporate performance as the earnings season progresses.
The post Friday 11th July 2025: Asian Markets Navigate Mixed Signals Amidst Tariff Concerns and Earnings Season first appeared on IC Markets | Official Blog.
419209 July 11, 2025 13:39 ICMarkets Market News
IC Markets Europe Fundamental Forecast | 11 July 2025
What happened in the Asia session?
Most Asian stock markets were largely flat on Friday as renewed worries about U.S. trade tariffs resurfaced following President Donald Trump’s announcement of hefty tariffs on Canadian imports. However, Chinese stocks outperformed, buoyed by expectations of additional stimulus measures. Despite overnight gains on Wall Street, the positive momentum did not carry over to Asian markets. U.S. stock futures also slipped during Asian trading hours after Trump revealed a 35% tariff on Canadian goods. Earlier in the week, he had also unveiled 25% tariffs on major economies such as South Korea and Japan.
What does it mean for the Europe & US sessions?
After reaching a high of 1.3788 at the beginning of July, demand for the pound waned as Cable shed 1.8% over the past week. This currency pair was steady in early Asia trade on Friday as markets await key GDP data. The outcome of today’s report will be pivotal for the pound’s short-term direction. The U.K. economy is expected to grow modestly in 2025, but faces persistent risks from global trade tensions, inflation, and domestic policy uncertainty.
After shedding 32,6000 jobs in March, Canada’s labour market showed signs of stabilisation in April and May as an average of 8,100 were added in each of those months. However, the unemployment rate has increased quite sharply from 6.6% in February to 7% in May, hitting its highest level in nearly four years since September 2021. The forecast of 7.1% for June points to another month of rising unemployment, while only 900 jobs are expected to be added. The Loonie will likely come under pressure should markets receive another ‘soft’ report.
The Dollar Index (DXY)
Key news events today
No major news events.
What can we expect from DXY today?
Demand for the greenback picked up on Thursday with the DXY climbing above 97.50, buoyed by renewed trade tensions, a cautious Federal Reserve, and a risk-off sentiment in global markets. The outlook remains sensitive to further tariff developments as well as next week’s U.S. consumer and producer inflation data, with the dollar likely to remain supported as long as global uncertainty persists.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold prices were slightly firmer in early Asia trade on Friday as safe-haven demand offset the headwind of a strong U.S. dollar. The market remains focused on global trade risks and economic data, with technicals pointing to a modestly bullish outlook for the precious metal in the near term.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
No major news events.
What can we expect from AUD today?
The Aussie was slightly softer on Friday, as global trade tensions and a cautious policy stance by the Reserve Bank of Australia kept it within a relatively tight range. This currency pair has ranged approximately between 0.6500 and 0.6600 this week, and the outlook remains cautious, with markets watching for further developments on U.S. tariffs and Chinese economic data.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi was steady to slightly weaker in Asian trading on Friday as global trade tensions and a firmer U.S. dollar weighed on risk appetite, while domestic policy remained on hold, with the Reserve Bank of New Zealand adopting a cautious stance as seen this Wednesday. Meanwhile, market participants are focused on global headlines, especially on developments on the latest U.S. tariffs for the next directional move in the Kiwi.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
The outlook for the Japanese yen remains volatile, with markets closely watching for further official action from the Bank of Japan, the outcome of the U.S.-Japan tariff negotiations, and broader risk sentiment shifts. Meanwhile, the renewed demand for the greenback has lifted USD/JPY nearly 0.7 since last Thursday, as it reversed from 145.80 to rise toward the 147 handle in early trade on Friday. This currency pair is all but certain to notch its second successive week of higher gains, gaining close to 2%.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Euro (EUR)
Key news events today
No major news events.
What can we expect from EUR today?
The final reading for consumer inflation in Germany eased to an annual rate of 2% in June, marking the lowest reading in eight months. The latest print moderated from the previous month’s figure of 2.1%, in line with market estimates. “In addition to the continued decline in energy prices, food price inflation slowed in particular. On the other hand, the above-average increase in service prices continued to drive up inflation“, the President of the Federal Statistical Office said. Coupled with an uptick in demand for the greenback, the Euro fell to an overnight low of 1.1662 and will likely edge lower on the final trading day of the week.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The Swiss franc depreciated marginally versus the greenback on Thursday as USD/CHF edged higher toward the threshold of 0.8000. This currency pair has remained range-bound since the 1st of July, tugged between a dovish policy stance by the Swiss National Bank and safe-haven flows. The outlook remains bullish for the franc if global trade tensions escalate or risk aversion intensifies, putting downward pressure on USD/CHF.
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Pound (GBP)
Key news events today
GDP (6:00 am GMT)
What can we expect from GBP today?
After reaching a high of 1.3788 at the beginning of July, demand for the pound waned as Cable shed 1.8% over the past week. This currency pair was steady in early Asia trade on Friday as markets await key GDP data. The outcome of today’s report will be pivotal for the pound’s short-term direction. The U.K. economy is expected to grow modestly in 2025, but faces persistent risks from global trade tensions, inflation, and domestic policy uncertainty.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Canadian Dollar (CAD)
Key news events today
Labour Force Report (12:30 pm GMT)
What can we expect from CAD today?
After shedding 32,6000 jobs in March, Canada’s labour market showed signs of stabilisation in April and May as an average of 8,100 were added in each of those months. However, the unemployment rate has increased quite sharply from 6.6% in February to 7% in May, hitting its highest level in nearly four years since September 2021. The forecast of 7.1% for June points to another month of rising unemployment, while only 900 jobs are expected to be added. The Loonie will likely come under pressure should markets receive another ‘soft’ report.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
WTI crude oil futures declined 2.8% on Thursday as prices remain under pressure from global demand concerns, new U.S. tariffs, and OPEC+ supply uncertainty. The Organization of the Petroleum Exporting Countries (OPEC), in its 2025 World Oil Outlook published yesterday, reduced its forecasts for global oil demand from 2026 to 2029 due to slowing Chinese demand. After retreating sharply from this week’s high of $68.94 per barrel, WTI futures were drifting toward the $66.50 handle in early trade on Friday.
Next 24 Hours Bias
Medium Bearish
The post IC Markets Europe Fundamental Forecast | 11 July 2025 first appeared on IC Markets | Official Blog.
419204 July 11, 2025 11:14 ICMarkets Market News
IC Markets Asia Fundamental Forecast | 11 July 2025
What happened in the U.S. session?
Unemployment claims have now trended lower over the past four weeks, falling from 250,000 in early June to 2227,000 in the first week of July, which is typically a sign of labour market stability. This downward trajectory consolidates the view that the U.S. labour market remains relatively robust despite the current environment of high interest rates and economic uncertainty.
Following up on the FOMC minutes that were released this Wednesday, Federal Reserve Governor Christopher Waller’s Dallas Fed speech highlighted his support for a possible July rate cut, a continued balance sheet reduction, and the benefits of payment innovation. He stressed that policy decisions remain data-driven and insulated from political influence, while downplaying the inflationary impact of recent tariffs and defending the Fed’s ample reserves regime. His outlook on future monetary policy actions runs in stark contrast to Fed Chair Jerome Powell’s stance on being cautious and patient.
What does it mean for the Asia Session?
While digesting the overnight U.S. labour market data and Governor Waller’s comments, Asian markets are also grappling with U.S. President Donald Trump’s latest actions on trade tariffs. On Thursday evening, President Trump announced a 35% tariff on Canadian goods, set to take effect on August 1, with the intention to pressure Ottawa to curb the illegal flow of fentanyl into the United States. The new duties are scheduled to begin on August 1, coinciding with the implementation of several other tariffs Trump has announced.
The Dollar Index (DXY)
Key news events today
No major news events.
What can we expect from DXY today?
Demand for the greenback picked up on Thursday with the DXY climbing above 97.50, buoyed by renewed trade tensions, a cautious Federal Reserve, and a risk-off sentiment in global markets. The outlook remains sensitive to further tariff developments as well as next week’s U.S. consumer and producer inflation data, with the dollar likely to remain supported as long as global uncertainty persists.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold prices were slightly firmer in early Asia trade on Friday as safe-haven demand offset the headwind of a strong U.S. dollar. The market remains focused on global trade risks and economic data, with technicals pointing to a modestly bullish outlook for the precious metal in the near term.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
No major news events.
What can we expect from AUD today?
The Aussie was slightly softer on Friday, as global trade tensions and a cautious policy stance by the Reserve Bank of Australia kept it within a relatively tight range. This currency pair has ranged approximately between 0.6500 and 0.6600 this week, and the outlook remains cautious, with markets watching for further developments on U.S. tariffs and Chinese economic data.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
The Kiwi was steady to slightly weaker in Asian trading on Friday as global trade tensions and a firmer U.S. dollar weighed on risk appetite, while domestic policy remained on hold, with the Reserve Bank of New Zealand adopting a cautious stance as seen this Wednesday. Meanwhile, market participants are focused on global headlines, especially on developments on the latest U.S. tariffs for the next directional move in the Kiwi.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Japanese Yen (JPY)
Key news events today
No major news events.
What can we expect from JPY today?
The outlook for the Japanese yen remains volatile, with markets closely watching for further official action from the Bank of Japan, the outcome of the U.S.-Japan tariff negotiations, and broader risk sentiment shifts. Meanwhile, the renewed demand for the greenback has lifted USD/JPY nearly 0.7 since last Thursday, as it reversed from 145.80 to rise toward the 147 handle in early trade on Friday. This currency pair is all but certain to notch its second successive week of higher gains, gaining close to 2%.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Euro (EUR)
Key news events today
No major news events.
What can we expect from EUR today?
The final reading for consumer inflation in Germany eased to an annual rate of 2% in June, marking the lowest reading in eight months. The latest print moderated from the previous month’s figure of 2.1%, in line with market estimates. “In addition to the continued decline in energy prices, food price inflation slowed in particular. On the other hand, the above-average increase in service prices continued to drive up inflation“, the President of the Federal Statistical Office said. Coupled with an uptick in demand for the greenback, the Euro fell to an overnight low of 1.1662 and will likely edge lower on the final trading day of the week.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The Swiss franc depreciated marginally versus the greenback on Thursday as USD/CHF edged higher toward the threshold of 0.8000. This currency pair has remained range-bound since the 1st of July, tugged between a dovish policy stance by the Swiss National Bank and safe-haven flows. The outlook remains bullish for the franc if global trade tensions escalate or risk aversion intensifies, putting downward pressure on USD/CHF.
Central Bank Notes:
Next 24 Hours Bias
Weak Bullish
The Pound (GBP)
Key news events today
GDP (6:00 am GMT)
What can we expect from GBP today?
After reaching a high of 1.3788 at the beginning of July, demand for the pound waned as Cable shed 1.8% over the past week. This currency pair was steady in early Asia trade on Friday as markets await key GDP data. The outcome of today’s report will be pivotal for the pound’s short-term direction. The U.K. economy is expected to grow modestly in 2025, but faces persistent risks from global trade tensions, inflation, and domestic policy uncertainty.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Canadian Dollar (CAD)
Key news events today
Labour Force Report (12:30 pm GMT)
What can we expect from CAD today?
After shedding 32,6000 jobs in March, Canada’s labour market showed signs of stabilisation in April and May as an average of 8,100 were added in each of those months. However, the unemployment rate has increased quite sharply from 6.6% in February to 7% in May, hitting its highest level in nearly four years since September 2021. The forecast of 7.1% for June points to another month of rising unemployment, while only 900 jobs are expected to be added. The Loonie will likely come under pressure should markets receive another ‘soft’ report.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
WTI crude oil futures declined 2.8% on Thursday as prices remain under pressure from global demand concerns, new U.S. tariffs, and OPEC+ supply uncertainty. The Organization of the Petroleum Exporting Countries (OPEC), in its 2025 World Oil Outlook published yesterday, reduced its forecasts for global oil demand from 2026 to 2029 due to slowing Chinese demand. After retreating sharply from this week’s high of $68.94 per barrel, WTI futures were drifting toward the $66.50 handle in early trade on Friday.
Next 24 Hours Bias
Medium Bearish
The post IC Markets Asia Fundamental Forecast | 11 July 2025 first appeared on IC Markets | Official Blog.
419201 July 11, 2025 11:00 ICMarkets Market News
US Stocks Hit Fresh Records – Dow up 0.4%
US stocks pushed higher again in trading yesterday, albeit modestly, with the S&P and Nasdaq again recording all-time high closes. The Dow led the way, closing up 0.43%, followed by the S&P, which added 0.27%, and the Nasdaq, which edged just 0.09% higher but still hit a record level. US Treasury yields also moved up after US unemployment claims data dipped, the 2-year rising 3 basis points to 3.872% and the 10-year adding 1.8 basis points to move to 4.350%. The dollar was mixed across the majors, with the DXY edging up just 0.04% to 97.59. Oil prices saw big moves on the day as the market reacted to tariff threats from the US, Brent dropping 1.91% to $68.85 and WTI losing 2.22% to $66.86 a barrel. Gold had another relatively quiet day, remaining in recent ranges but ultimately closing up 0.31% at $3,323.84 an ounce.
Traders Wary of Tariff Impacts on Markets
Traders are becoming increasingly wary of the lack of real impact on markets from President Trump’s tariff plans, and many feel that there could be some harsh corrections about to hit what have so far been very resilient markets. Stock markets rebounded strongly in April after the initial reciprocal tariff announcement on “Liberation Day,” and once again major indices are hitting all-time highs. However, there is a growing concern in the market that at some point we will have to factor in the effect that tariffs will have on global trade and what it means for company valuations. Analysts will be looking closely at data in the coming weeks and months for any signs of slowing economies, and traders are expecting to see volatility spike if a significant repricing looks to be taking shape.
Geopolitics Remain in Focus into the Weekend
Geopolitics will remain in focus for traders as we enter the last three trading sessions of the week and investors look ahead to a key US reporting season in the coming weeks. Tariff updates and threats from the US did little to halt overall sentiment yesterday, with mainly localized reactions, but traders remain wary of further fallout. There is little on the economic calendar in the Asian session today, and the market is expected to pick up from a positive day on Wall Street. The London session will see the early focus on UK markets with a big data drop scheduled shortly after the open; the GDP data (exp +0.1% m/m) will be the highlight, with moves expected on any significant deviation. The New York session will see the initial focus north of the border for Canadian employment data, with the Employment Change expected to show just a 0.9k increase, while the Unemployment Rate is expected to increase to 7.1%.
The post General Market Analysis – 11/07/25 first appeared on IC Markets | Official Blog.
419200 July 11, 2025 11:00 ICMarkets Market News
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 97.41
Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up to stage a rebound.
1st support: 96.84
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.
1st resistance: 98.08
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is trading close to the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 1.1690
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.1588
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 1.1756
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 170.47
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 169.53
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.
1st resistance: 172.21
Supporting reasons: Identified as a swing-high resistance and acting as a key area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.8569
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 0.8516
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8651
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could potentially make a bearish continuation toward the 1st support.
Pivot: 1.3614
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.3503
Supporting reasons: Identified as a pullback support that aligns closely with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3691
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 198.11
Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 196.76
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.
1st resistance: 199.77
Supporting reasons: Identified as a swing high resistance, acting as a key area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.7934
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 0.7897
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8039
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 145.92
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 145.03
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 147.04
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 1.3705
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3617
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3782
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.6555
Supporting reasons: Identified as an overlap support that aligns with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 0.6514
Supporting reasons: Identified as an overlap support that aligns closely with a 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6590
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.5965
Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.5939
Supporting reasons: Identified as a pullback support that aligns closely with a 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6039
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 43,952.00
Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 43,164.87
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 44,969.36
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is trading close to the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 24,369.84
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 24,137.70
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,859.38
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 6,199.00
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 6,137.70
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,334.07
Supporting reasons: Identified as a resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 121,465.32
Supporting reasons: Identified as a resistance that aligns with a 61.8% Fibonacci projection, indicating a potential area where selling pressures could intensify.
1st support: 111,566.95
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 127,789.45
Supporting reasons: Identified as a resistance that aligns with a 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 3,027.77
Supporting reasons: Identified as a pullback resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 2,818.33
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once again.
1st resistance: 3,215.39
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price has made a bearish reversal close to the pivot and could potentially fall toward the 1st support.
Pivot: 70.07
Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 65.50
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 74.03
Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 3302.33
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 3271.40
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 3355.97
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.
News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.
The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property.
The post Friday 11th July 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
419165 July 10, 2025 18:39 ICMarkets Market News
1
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Ex-Dividends | ||
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2
|
11/07/2025 | ||
3
|
Indices | Name |
Index Adjustment Points
|
4
|
Australia 200 CFD
|
AUS200 | – |
5
|
IBEX-35 Index | ES35 | – |
6
|
France 40 CFD | F40 | – |
7
|
Hong Kong 50 CFD
|
HK50 | – |
8
|
Italy 40 CFD | IT40 | – |
9
|
Japan 225 CFD
|
JP225 | – |
10
|
EU Stocks 50 CFD
|
STOXX50 | – |
11
|
UK 100 CFD | UK100 | – |
12
|
US SP 500 CFD
|
US500 | 0.01 |
13
|
Wall Street CFD
|
US30 | – |
14
|
US Tech 100 CFD
|
USTEC | 0.07 |
15
|
FTSE CHINA 50
|
CHINA50 | 32.76 |
16
|
Canada 60 CFD
|
CA60 | 0.02 |
17
|
Germany Tech 40 CFD
|
TecDE30 | – |
18
|
Germany Mid 50 CFD
|
MidDE50 | – |
19
|
Netherlands 25 CFD
|
NETH25 | – |
20
|
Switzerland 20 CFD
|
SWI20 | – |
21
|
Hong Kong China H-shares CFD
|
CHINAH | – |
22
|
Norway 25 CFD
|
NOR25 | – |
23
|
South Africa 40 CFD
|
SA40 | – |
24
|
Sweden 30 CFD
|
SE30 | – |
25
|
US 2000 CFD | US2000 | 0.12 |
26
|
Germany 40 | DE40 | – |
The post Ex-Dividend 11/7/2025 first appeared on IC Markets | Official Blog.
419162 July 10, 2025 16:14 ICMarkets Market News
IC Markets Europe Fundamental Forecast | 10 July 2025
What happened in the Asia session?
Producer prices in Japan increased by 2.9% year-on-year in June, down from a slightly revised 3.2% in May and in line with market expectations. This marks the slowest pace of producer inflation since August 2024 as price growth eased for categories such as beverages and foods, electrical machinery, metal products, plastics, and general-purpose machinery. Meanwhile, prices continued to decline for chemicals and iron and steel. The latest producer price data, showing a slowdown in inflation, is likely to put downward pressure on the yen, with market participants possibly interpreting this as a sign that the Bank of Japan will remain cautious about tightening monetary policy further, especially relative to other major central banks.
What does it mean for the Europe & US sessions?
The final reading for consumer inflation in Germany is expected to show headline CPI easing to an annual rate of 2% in June, down from 2.1% in the previous month and below market expectations of 2.2%. This marks the lowest level since October 2024 and brings inflation back in line with the European Central Bank’s target for the first time since then. Service inflation moderated slightly to 3.3% from 3.4% in the previous month, while goods inflation fell to 0.8% from 0.9% – the decline was mainly driven by a slowdown in food inflation and a drop in energy prices.
The Dollar Index (DXY)
Key news events today
Unemployment Claims (12:30 pm GMT)
Fed Gov Waller’s Speech (5:15 pm GMT)
What can we expect from DXY today?
Unemployment claims have trended lower over the past three weeks, falling from 250,000 in early June to 233,000 in the week ending on 28th June, which is typically a sign of labour market stability. The latest estimates of 236,000 point to a somewhat unchanged figure, reflecting another week of ‘soft’ increase in claims. Later on, Federal Reserve Governor Christopher Waller will be speaking at an event hosted by the Federal Reserve Bank of Dallas, where audience questions are expected. Following the increasingly divided outlook on future monetary policy action amongst Fed officials, markets will be looking to see if Governor Waller could shed further light on this situation.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold prices are steady and slightly firmer on Thursday as investors weigh the impact of new U.S. tariff measures, a cautious Federal Reserve, and the ongoing global economic risks. The market remains range-bound, with safe-haven demand providing a floor and macroeconomic uncertainty keeping gains in check.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
No major news events.
What can we expect from AUD today?
Wednesday’s fireside chat with Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter was an informational session about internships, with no policy revelations or market-moving commentary. The Aussie was unaffected by the event, with currency movements continuing to reflect broader economic and policy developments. Market expectations for a rate cut by the RBA in August hinge on the next CPI release, while global trade tensions and U.S. policy remain key external risks.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
After agreeing to hold the Official Cash Rate (OCR) at 3.25% on Wednesday, the Kiwi was firm in early Asia trade. Market participants expect the Reserve Bank of New Zealand to remain cautious, with the possibility of further rate cuts later in the year if economic conditions warrant.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Japanese Yen (JPY)
Key news events today
PPI (11:50 pm GMT 9th July)
What can we expect from JPY today?
Producer prices in Japan increased by 2.9% year-on-year in June, down from a slightly revised 3.2% in May and in line with market expectations. This marks the slowest pace of producer inflation since August 2024 as price growth eased for categories such as beverages and foods, electrical machinery, metal products, plastics, and general-purpose machinery. Meanwhile, prices continued to decline for chemicals and iron and steel. The latest producer price data, showing a slowdown in inflation, is likely to put downward pressure on the yen, with market participants possibly interpreting this as a sign that the Bank of Japan will remain cautious about tightening monetary policy further, especially relative to other major central banks.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Euro (EUR)
Key news events today
Germany CPI (6:00 am GMT)
What can we expect from EUR today?
The final reading for consumer inflation in Germany is expected to show headline CPI easing to an annual rate of 2% in June, down from 2.1% in the previous month and below market expectations of 2.2%. This marks the lowest level since October 2024 and brings inflation back in line with the European Central Bank’s target for the first time since then. Service inflation moderated slightly to 3.3% from 3.4% in the previous month, while goods inflation fell to 0.8% from 0.9% – the decline was mainly driven by a slowdown in food inflation and a drop in energy prices.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The franc was steady to slightly firmer in early Asian trading today, supported by safe-haven flows and a cautious policy stance by the Swiss National Bank. The outlook remains bullish for the franc should global trade tensions escalate or risk aversion intensifies, though the central bank’s dovish posture may cap further gains in the near term.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Pound (GBP)
Key news events today
No major news events.
What can we expect from GBP today?
The Bank of England’s (BoE) July 2025 Financial Stability Report, which was released on Wednesday, underscored the ongoing global risks but confirmed the resilience of the U.K. financial system. The sterling pound was largely unaffected by the report, with traders focusing on the ongoing global trade developments and the upcoming GDP data for the U.K. due this Friday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
The Loonie was steady to slightly weaker in Asian trading today, pressured by trade tensions, a stronger U.S. dollar, and mixed domestic economic signals. Oil price recovery and solid PMI data could offer some support, but the broader outlook remains cautious as markets await further clarity on U.S. tariff policy and Canadian economic trends.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Oil prices eased in early trade on Thursday after market participants viewed the newest tariff announcements from U.S. President Donald Trump as a risk to global economic growth and oil demand. Furthermore, the EIA crude oil inventories jumped more than anticipated for the second consecutive week, as 7.1 million barrels were added to storage, following a build of 3.8 million in the prior week. This follows a second successive week of higher-than-anticipated builds in the API stockpiles, suggesting that fuel demand in the U.S. could taper despite the peak summer driving season. WTI oil futures steadied around $68 per barrel as the Asian trading session got underway.
Next 24 Hours Bias
Weak Bullish
The post IC Markets Europe Fundamental Forecast | 10 July 2025 first appeared on IC Markets | Official Blog.
419154 July 10, 2025 12:39 ICMarkets Market News
Global Markets:
Asia-Pacific markets traded mixed on Thursday as investors reacted to two key developments: the Bank of Korea’s decision to keep interest rates unchanged and U.S. President Donald Trump’s tariff announcements. The Bank of Korea maintained rates at an almost three-year low, in line with market expectations. Meanwhile, Trump confirmed that a 50% tariff on Brazilian imports will begin on August 1. He also reaffirmed that the 50% duty on copper imports, previously announced, will take effect the same day.
In Singapore, the benchmark Straits Times Index continued its rally, rising for the fourth consecutive session. The index gained 0.47%, hitting a fresh record high of 4,077.41 points as of 11:24 a.m., according to data from LSEG.
Across the broader Asia-Pacific region, markets showed varied movement. Japan’s Nikkei 225 opened 0.45% lower, and the broader Topix index declined 0.54%. In contrast, South Korea’s Kospi rose 0.24%, while the tech-heavy Kosdaq gained 0.44%. Australia’s S&P/ASX 200 was up 0.51% in early trading.
Traders are weighing Trump’s aggressive trade stance and regional economic signals, with central bank decisions and inflation data in focus. Market sentiment remains cautious amid concerns over protectionist policies and their potential global impact.
The post Thursday 10th July 2025: Asia-Pacific Markets Mixed as Trump Tariffs Loom, Singapore Hits New High first appeared on IC Markets | Official Blog.
419153 July 10, 2025 12:00 ICMarkets Market News
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 97.18
Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up to stage a rebound.
1st support: 96.49
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once again.
1st resistance: 97.80
Supporting reasons: Identified as an overlap resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is trading close to the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support.
Pivot: 1.1748
Supporting reasons: Identified as a pullback resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.1630
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 1.1829
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. Additionally, the price is above the green Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 169.66
Supporting reasons: Identified as a pullback support that aligns with the 23.6% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 167.48
Supporting reasons: Identified as a pullback support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 171.21
Supporting reasons: Identified as a swing-high resistance and acting as a key area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. Additionally, the price is above the green Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 0.8569
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 0.8516
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8651
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 1.3635
Supporting reasons: Identified as an overlap resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3503
Supporting reasons: Identified as a pullback support that aligns closely with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3771
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. Additionally, the price is above the green Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 198.07
Supporting reasons: Identified as an overlap support that aligns with the 38.2% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 195.69
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once more.
1st resistance: 200.94
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, acting as a key area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support. Additionally, the price is under the red Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.
Pivot: 0.7988
Supporting reasons: Identified as a swing-high resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.7897
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8071
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is trading close to the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 145.92
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 145.03
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 147.04
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 1.3705
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3617
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3782
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 0.6555
Supporting reasons: Identified as an overlap resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.6492
Supporting reasons: Identified as a pullback support that aligns closely with a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6586
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.5965
Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.5939
Supporting reasons: Identified as a pullback support that aligns closely with a 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6039
Supporting reasons: Identified as an overlap resistance that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 43,952.00
Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 43,164.87
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 44,969.36
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 24,369.84
Supporting reasons: Identified as a pullback support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 24,137.70
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,859.38
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 6,199.00
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 6,137.70
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,271.70
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 110,403.80
Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 107,751.38
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once more.
1st resistance: 112,893.93
Supporting reasons: Identified as a resistance that aligns with a confluence of Fibonacci levels i.e. the 100% projection and the 161.8% extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 2,818.33
Supporting reasons: Identified as a swing-high resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 2,656.45
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 3,027.77
Supporting reasons: Identified as a pullback resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support.
Pivot: 70.07
Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 65.50
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 74.03
Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 3,256.87
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 3,214.12
Supporting reasons: Identified as a pullback support that aligns with a 127.2% Fibonacci extension, indicating a key level where the price could stabilize once more.
1st resistance: 3,358.40
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.
News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.
The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property.
The post Thursday 10th July 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
419151 July 10, 2025 09:39 ICMarkets Market News
IC Markets Asia Fundamental Forecast | 10 July 2025
What happened in the U.S. session?
The minutes of the FOMC meeting that took place from 17th to 18th of June were released late on Wednesday, highlighting a central bank unified in patience but increasingly divided over the timing and necessity of interest rate cuts. Most Federal Reserve officials expect to cut rates this year; however, the exact timing hinges on how inflation and growth evolve, especially in light of the latest tariff developments against the BRICS nations. Markets now look to September as the most likely window for the Fed’s first move, with all eyes on upcoming data and policy signals.
What does it mean for the Asia Session?
Producer prices in Japan increased by 2.9% year-on-year in June, down from a slightly revised 3.2% in May and in line with market expectations. This marks the slowest pace of producer inflation since August 2024 as price growth eased for categories such as beverages and foods, electrical machinery, metal products, plastics, and general-purpose machinery. Meanwhile, prices continued to decline for chemicals and iron and steel. The latest producer price data, showing a slowdown in inflation, is likely to put downward pressure on the yen, with market participants possibly interpreting this as a sign that the Bank of Japan will remain cautious about tightening monetary policy further, especially relative to other major central banks.
The Dollar Index (DXY)
Key news events today
Unemployment Claims (12:30 pm GMT)
Fed Gov Waller’s Speech (5:15 pm GMT)
What can we expect from DXY today?
Unemployment claims have trended lower over the past three weeks, falling from 250,000 in early June to 233,000 in the week ending on 28th June, which is typically a sign of labour market stability. The latest estimates of 236,000 point to a somewhat unchanged figure, reflecting another week of ‘soft’ increase in claims. Later on, Federal Reserve Governor Christopher Waller will be speaking at an event hosted by the Federal Reserve Bank of Dallas, where audience questions are expected. Following the increasingly divided outlook on future monetary policy action amongst Fed officials, markets will be looking to see if Governor Waller could shed further light on this situation.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold prices are steady and slightly firmer on Thursday as investors weigh the impact of new U.S. tariff measures, a cautious Federal Reserve, and the ongoing global economic risks. The market remains range-bound, with safe-haven demand providing a floor and macroeconomic uncertainty keeping gains in check.
Next 24 Hours Bias
Weak Bullish
The Australian Dollar (AUD)
Key news events today
No major news events.
What can we expect from AUD today?
Wednesday’s fireside chat with Reserve Bank of Australia (RBA) Assistant Governor Sarah Hunter was an informational session about internships, with no policy revelations or market-moving commentary. The Aussie was unaffected by the event, with currency movements continuing to reflect broader economic and policy developments. Market expectations for a rate cut by the RBA in August hinge on the next CPI release, while global trade tensions and U.S. policy remain key external risks.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Kiwi Dollar (NZD)
Key news events today
No major news events.
What can we expect from NZD today?
After agreeing to hold the Official Cash Rate (OCR) at 3.25% on Wednesday, the Kiwi was firm in early Asia trade. Market participants expect the Reserve Bank of New Zealand to remain cautious, with the possibility of further rate cuts later in the year if economic conditions warrant.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Japanese Yen (JPY)
Key news events today
PPI (11:50 pm GMT 9th July)
What can we expect from JPY today?
Producer prices in Japan increased by 2.9% year-on-year in June, down from a slightly revised 3.2% in May and in line with market expectations. This marks the slowest pace of producer inflation since August 2024 as price growth eased for categories such as beverages and foods, electrical machinery, metal products, plastics, and general-purpose machinery. Meanwhile, prices continued to decline for chemicals and iron and steel. The latest producer price data, showing a slowdown in inflation, is likely to put downward pressure on the yen, with market participants possibly interpreting this as a sign that the Bank of Japan will remain cautious about tightening monetary policy further, especially relative to other major central banks.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Euro (EUR)
Key news events today
Germany CPI (6:00 am GMT)
What can we expect from EUR today?
The final reading for consumer inflation in Germany is expected to show headline CPI easing to an annual rate of 2% in June, down from 2.1% in the previous month and below market expectations of 2.2%. This marks the lowest level since October 2024 and brings inflation back in line with the European Central Bank’s target for the first time since then. Service inflation moderated slightly to 3.3% from 3.4% in the previous month, while goods inflation fell to 0.8% from 0.9% – the decline was mainly driven by a slowdown in food inflation and a drop in energy prices.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Swiss Franc (CHF)
Key news events today
No major news events.
What can we expect from CHF today?
The franc was steady to slightly firmer in early Asian trading today, supported by safe-haven flows and a cautious policy stance by the Swiss National Bank. The outlook remains bullish for the franc should global trade tensions escalate or risk aversion intensifies, though the central bank’s dovish posture may cap further gains in the near term.
Central Bank Notes:
Next 24 Hours Bias
Medium Bearish
The Pound (GBP)
Key news events today
No major news events.
What can we expect from GBP today?
The Bank of England’s (BoE) July 2025 Financial Stability Report, which was released on Wednesday, underscored the ongoing global risks but confirmed the resilience of the U.K. financial system. The sterling pound was largely unaffected by the report, with traders focusing on the ongoing global trade developments and the upcoming GDP data for the U.K. due this Friday.
Central Bank Notes:
Next 24 Hours Bias
Medium Bullish
The Canadian Dollar (CAD)
Key news events today
No major news events.
What can we expect from CAD today?
The Loonie was steady to slightly weaker in Asian trading today, pressured by trade tensions, a stronger U.S. dollar, and mixed domestic economic signals. Oil price recovery and solid PMI data could offer some support, but the broader outlook remains cautious as markets await further clarity on U.S. tariff policy and Canadian economic trends.
Central Bank Notes:
Next 24 Hours Bias
Weak Bearish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Oil prices eased in early trade on Thursday after market participants viewed the newest tariff announcements from U.S. President Donald Trump as a risk to global economic growth and oil demand. Furthermore, the EIA crude oil inventories jumped more than anticipated for the second consecutive week, as 7.1 million barrels were added to storage, following a build of 3.8 million in the prior week. This follows a second successive week of higher-than-anticipated builds in the API stockpiles, suggesting that fuel demand in the U.S. could taper despite the peak summer driving season. WTI oil futures steadied around $68 per barrel as the Asian trading session got underway.
Next 24 Hours Bias
Weak Bullish
The post IC Markets Asia Fundamental Forecast | 10 July 2025 first appeared on IC Markets | Official Blog.