Read more
5:59 PM · 4 July 2023

Daily summary: RBA keeps rates unchanged, markets muted amid US holiday

-
-
Open account Download free app
  • Tuesday on the global markets was rather calm and uneventful, mostly due to absence of US traders who were off to celebrate Independence Day

  • There was no Wall Street stock trading session today and US index futures traded sideways in a shortened trade

  • European stock market indices traded mixed today. Gains were made by indices from the Netherlands, Belgium and Austria while indices from Germany, the United Kingdom, France, Spain and Italy dropped

  • UK Prime Minister Sunak said that fiscal and monetary policy will be used fully on inflation

  • Financial Times reported that China is preparing retaliatory sanctions on the United States in response to recent restrictions on AI chips

  • AUD dropped after the Reserve Bank of Australia left the cash rate unchanged at 4.10% at a meeting today. However, RBA warned that policy may need to be tightened further in the near future. AUD managed to recover later on

  • German exports dropped 0.1% MoM in May (exp. +0.4% MoM) while imports were 1.7% MoM higher (exp. 0.0% MoM). Trade balance for May reached €14.4 billion (exp. €17.3 billion)

  • Canadian manufacturing PMI dropped from 49.0 to 48.8 in June (exp. 49.5)

  • Commodities benefitted from limited USD volatility and overall weaker USD. Precious metals gained 0.2-0.4% while oil was trading 1.5% higher and natural gas jumped 2%

  • AUD and NZD are the best performing G10 currencies while EUR, USD and CHF are the biggest laggards

OIL traded higher today and once again tested a resistance zone ranging below $76.40 per barrel. Bulls failed to break above but the price remains above $76 per barrel. Source: xStation5

20 January 2026, 6:54 PM

Daily Summary: "Sell America" pushes US assets off the cliff (20.01.2026)

20 January 2026, 2:25 PM

NATGAS up by 10%🔥📈

20 January 2026, 11:12 AM

💡Geopolitics and Tariffs Under the Spotlight: Precious Metals Hit Records (Commodity Wrap, 20.01.2026)

19 January 2026, 6:45 PM

Daily summary: Its fear, but not panic yet. Trump has shaken the markets again.

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits