- U.S. stock index futures are down between 0.2% and 0.3%, while European benchmark futures point to a slightly lower market open across the continent.
- Today’s macroeconomic calendar is nearly empty, except for UK CPI inflation data, so market attention will shift toward comments from Federal Reserve and ECB officials.
- The U.S. dollar is experiencing another weak session, with the EURUSD pair breaking above 1.133, gaining over 0.4%. Interestingly, 10-year U.S. Treasury yields have climbed back above 4.5%, yet this hasn’t strengthened the dollar.
- Bitcoin is up over 1%, approaching its all-time highs, trading around $108,000, supported by the dollar’s decline.
- Ethereum is gaining 3.3%, and Uniswap is up more than 7%.
- According to the API report, U.S. crude oil inventories unexpectedly rose by nearly 2.5 million barrels, versus a forecasted decline of 1.8 million, following a prior sharp increase of nearly 4.29 million.
- Still, oil prices are up more than 1% today, ahead of the EIA data release at 2:30 PM (GMT).
- Natural gas is pulling back 1.5%, correcting part of yesterday’s 10% rally.
- In the precious metals market, sentiment is slightly weaker: Gold is up 0.3%, trading above $3,300 per ounce, while platinum is down nearly 1.5% following yesterday’s rebound.
- Among agricultural commodities, volatility is limited, but gains dominate.
Chart of the Day: USDJPY – a change in trend? (03.07.2026)
Economic Calendar: What are markets focusing on after NFP? (03.07.2026)
Morning Wrap: Asia in the green – is optimism returning to the markets? (03.07.2026)
Daily summary: Gold surges 2%, Nasdaq drags down sentiments on Wall Street