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Your Daily Market Brief
July 2, 2025
 
   
  Market Wrap: Stocks, Bonds, Commodities  
 
 
On Tuesday, both the S&P 500 (down 6 points or 0.11% to 6,198) and the Nasdaq 100 (down 200 points or 0.89% to 22,478) retreated from record-high levels.

Meanwhile, the Dow Jones Industrial Average closed 400 points higher (+0.91%) at 44,494, posting a four-session winning streak.

Tesla (TSLA) slid 5.34% after the feud between U.S. President Donald Trump and Tesla CEO Elon Musk reignited. Trump threatened to cut off billions of dollars worth of government subsidies provided to Musk's companies.

At the same time, Nvidia (NVDA) lost 2.97%, Meta Platforms (META) dropped 2.56%, and Microsoft (MSFT) was down 1.08%.

On the other hand, Casino stocks outperformed the market, with Las Vegas Sands (LVS) jumping 8.89% and Wynn Resorts (WYNN) up 8.85%.

The 10-year Treasury yield rebounded 2.7 basis points to 4.249%.

Regarding U.S. economic data, the Institute for Supply Management (ISM) manufacturing index improved to 49.0 in June from 48.5 in May.

Job openings unexpectedly increased by 374,000 to 7.769 million in May, up by two consecutive months.

In Europe, the DAX 40 fell 0.99%, the CAC 40 dipped 0.04%, while the FTSE 100 closed 0.28% higher.

U.S. WTI crude futures settled 34 cents higher at 65.45 dollars a barrel.

Gold price rebounded for a second session, gaining 35 dollars (+1.07%) to 3,338 dollars an ounce.
 
 
  Market Wrap: Forex  
 
 
The U.S. dollar remained weak, with the dollar index declined further to 96.65.

EUR/USD rose 12 pips to 1.1798. The Eurozone's inflation rate ticked up to 2.0% year on year in June (as expected).

USD/JPY declined 43 pips to 143.58.

GBP/USD advanced 10 pips to 1.3743.

USD/CHF slipped 14 pips to 0.7916, while USD/CAD climbed 35 pips to 1.3642.

Bitcoin lost traction suddenly, sliding over 1% to 105,600 dollars.
 
 
  Morning Trading  
 
 
In Asian trading hours, AUD/USD was broadly flat at 0.6575. Australia's retail sales grew 0.2% month-on-month in May as expected.

Meanwhile, EUR/USD and GBP/USD were both stable, at 1.1800 and 1.3745 respectively.

USD/JPY remained subdued at 143.58.

Gold eased to 3,333 dollars.

Bitcoin was little changed at 105,628 dollars.
 
 
  Expected Today  
 
 
The eurozone's jobless rate is expected to be unchanged at 6.2% in May.

In the U.S., the ADP employment is estimated to increase by 90,000 in June.
 
 
 
 
Web TV from Trading Central
 
 
 
USD/CAD Intraday: Continuation of Rebound, Watch U.S. ADP Employment
 
USD/CAD intraday remains bullish ahead of U.S. ADP employment data.
 
WATCH NOW
 
 
     
 
 

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