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EURUSD 4h
EUR is pausing just below Major resistance at 1.18400
Take into account that market is pretty light already and with a 4th of July tomorrow we can see some silly moves or …well..nothing at all
Intraday – for EUR to be able to continue up, it has to stay above 1.17950
Resistances: 1.18100, 1.18300 & 1.18400
Just treat it as a weekend …prolonged one 😀
XAUUSD – Gold
New high and now tests of supports.
Supports: 3330.00, 3305.00 & 3275.00
Resistances: 3365.00, 3395.00 & 3450.00
If Gold stays today above 3330.00, even if it doesn’t make any attempt for new high – Bullish – will be in a position to break higher tomorrow.
Below 3330.00 it might have another day of testing supports before Up.
Looking ahead, focus next week will be on the July 9 tariff deal deadline
Trading alert – early market closures
US traders will head for early exits once data comes out
Thursday, July 3, 2025, U.S. markets will have early closures ahead of Independence Day:
• Stock markets (NYSE and Nasdaq) will close at 1 p.m. ET. 
• Bond markets will close at 2 p.m. ET. 
On Friday, July 4, both stock and bond markets will remain fully closed in observance of Independence Day.
There is a full slate of data due today, jobs and PMIs before US traders head for the holiday exits
See our Economic Data Calendar for forecasts
Bitcoin Price Shoots Toward $110K while Fartcoin and BONK Lead Meme Coin Gains
Bitcoin’s price is starting to heat up again, pushing towards the important $110,000 level and recording an increase of around 1.6% in the past 24 hours. This comes amid an even more impressive rally from certain meme coins such as Fartcoin and Bonk.
The total crypto market capitalization added around $50 billion during the day and is inching closer to $3.5 trillion. All of this happens as important regulatory changes are likely to take effect in the United States.Bitcoin Price En Route to New All-Time Highs
At the time of this writing, BTC trades at around $109,500 which is around 2% below its all-time high achieved on May 22nd – about a month a go. And while we’re on the topic of statistics – the all-time low recorded on CoinGecko took place on July 6th 12 years ago. Since then, the cryptocurrency has returned the staggering 161,270% increase.
Anyways, back to the day-to-day news. BTC looks eager to take on its former highs and this is happening as the“One Big, Beautiful Bill”proposed by Donald Trump’s administration passed both Senate and the House votes in the past 24 hours.
It doesn’t include any direct crypto regulations, but it does intend to alleviate taxes on retail users and also introduce (or re-introduce, to be more precise) the so-called 100% bonus depreciation rule, which will allow Bitcoin mining companies to write off their equipment immediately, potentially allowing them to ramp up operations and increase the network’s hash rate, which has historically been bullish for the price.
In other BTC-related news, the BlackRock IBIT ETF, which tracks Bitcoin’s price, is nowgeneratingmore fees than their legendary S&P 500 fund – a clear indication of the pent up demand and the fact that investors are willing to pay premium fees for exposure.Fartcoin, Bonk Lead Meme Coin Gains
As you can see in the heatmap below, it’s a sea of green in the altcoins market today. Most of them are charting notable increases. Even the large-caps are up a lot – ETH gains 5.8%, DOGE – 7.7%, ADA – 8.5%, HYPE – 5.5%, SUI – 11.6%, and so forth.
But the most impressive gains for the day come from two of the more polarizing meme coins – Fartcoin and Bonk. The latter is today’s best performer, gaining about 20%, while the latter is up by 17%. Right behind them is Celestia (TIA), which gained 16%.
It’s one of those days where the worst-performing cryptocurrencies are stablecoins (ironically, of course), with just Fasttoken (FTN) and Bitcoin Cash (BCH) struggling to gain and trade flat.
Gold Futures Rise as Market Positions for Fresh U.S. Economic Data
Gold futures rise as investors await crucial U.S. economic data. Futures are up 0.2% at $3,354.90 a troy ounce. The precious metal has ticked higher ahead of U.S. nonfarm payroll data due later Thursday. The data will be closely analyzed for fresh signals on the economic outlook and the size and scope of potential interest-rate cuts from the Fed. Lower interest rates typically benefit non-interest bearing bullion. Gold has steadily recouped much of the losses incurred toward the end of June on persistent market uncertainty, as concerns are raised that President Trump’s tax-and-spending megabill will add $3.3 trillion to the fiscal deficit. Trade uncertainty is also high as the 90-day reprieve on Trump’s so-called reciprocal tariffs ends July 9, adding to gold’s safe-haven appeal.
FX option expiries for 3 July 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.
With it being the final trading day of the week of sorts, since we do have a US holiday tomorrow, there are some large expiries to be wary of coinciding with the US jobs report release as well.
The first ones are for EUR/USD lumped around 1.1750 through to 1.1850. However, the massive one at 1.1800 is the most notable as warned yesterday. That is still putting a magnet on price action and will likely do so until we get to the non-farm payrolls data later in the day.
Then, there is one for USD/JPY at the 144.00 level. It’s not the biggest of expiries but could well just keep a lid on price action alongside the 100-hour moving average at 143.95 currently.
And finally, there’s one for USD/CAD at the 1.3600 level. The expiries here should help to keep price action more muted in European trading until we get to the US jobs report before dollar sentiment takes over.
As for tomorrow, the expiries board is relatively thin considering that broader markets are going to settle down a bit with US will be out until next week.
GBPUSD got some support from its PMIs earlier but so far unable to sustain the move above 1.3674… However, EURGBP has moved back below 8650 (last 8631) as pressure came off Gilts (bond yields lower)
Using my platform as a HEARMAP shows…
… the dollar in a wait-and-see mode ahead of the key U.S. jobs report. EURUSD has traded around 1.18 three days in a row,, a level that will set the overall USD tone heading into the long US July 4 holiday weekend.
Gold is trading up but off earlier high
US stocks are treading water after extending record highs in the NAS100 and SP500 yesterday.
US bond yields are lower
Key data: US June employment report, ISM services PMI
Early US market closures
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