-
- Trading Platforms
- PU Prime App
- PU Copy Trading
- PU Social
-
- Trading Conditions
- Account Types
- Spreads, Costs & Swaps
- Deposits & Withdrawals
- Fee & Charges
- Trading Hours
EN
10 July 2025,02:50
Daily Market Analysis
10 July 2025, 02:50
Key Takeaways:
*Fed Split on Policy Path: June minutes showed a divide—some members cited inflation risks, others flagged weak labor data. No clear rate cut signal yet.
*DXY Pulls Back: The Dollar Index eased after the minutes, lacking strong policy direction.
*Debt Concerns Grow: Trump’s multi-trillion-dollar tax bill raises long-term fiscal worries. CBO sees U.S. debt topping 118% of GDP by 2035.
The U.S. Dollar Index (DXY) pulled back modestly following the release of the Federal Reserve’s June meeting minutes, which revealed a divergence in views among policymakers. While all members unanimously voted to keep rates steady at 4.25%–4.50%, the internal debate over the future path of policy remains unresolved. Some officials emphasized the need to remain cautious due to persistent inflation risks, while others highlighted signs of a cooling labor market and slowing economic momentum.
Notably, the Fed acknowledged that tariff-driven price pressures appear limited so far, reducing the urgency for near-term action. As a result, the tone of the minutes reinforced a wait-and-see approach, leaving the dollar without a clear directional anchor from monetary policy.
Meanwhile, political pressures continue to cloud the Fed’s outlook. President Donald Trump has reiterated his call for aggressive rate cuts, adding another layer of tension to the Fed’s independence. However, Chair Jerome Powell reaffirmed that decisions will remain data-dependent, not politically driven.
Beyond monetary policy, fiscal concerns remain front and center. While hopes for progress on tariff-related revenues and trade negotiations have temporarily supported the greenback, rising skepticism over the long-term sustainability of the U.S. fiscal path continues to weigh. The passage of a multi-trillion-dollar tax bill—which may significantly inflate the federal deficit—has raised alarm bells over the nation’s debt trajectory, which the CBO projects could surpass 118% of GDP by 2035.
In the absence of immediate catalysts from the Fed, attention now turns to upcoming inflation data and Fed communications next week. Markets are likely to remain highly sensitive to any shifts in inflation expectations or guidance from Powell regarding the rate path ahead.
Dollar_Index, H4:
The Dollar Index is trading lower after breaking below a key support level at 97.50, and is currently testing an upward trendline. Technical indicators signal a potential downside continuation:
If the index successfully breaks below the upward trendline, this could trigger an extended decline toward the next support at 97.00, with scope for further downside to 96.50. However, failure to breach the trendline could prompt a rebound toward the resistance zone between 97.50–97.80.
Resistance Levels: 97.50, 97.80
Support Levels: 97.00, 96.50
Step into the world of trading with confidence today. Open a free PU Prime live CFD trading account now to experience real-time market action, or refine your strategies risk-free with our demo account.
This content is for educational and informational purposes only and should not be considered investment advice, a personal recommendation, or an offer to buy or sell any financial instruments.
This material has been prepared without considering any individual investment objectives, financial situations. Any references to past performance of a financial instrument, index, or investment product are not indicative of future results.
PU Prime makes no representation as to the accuracy or completeness of this content and accepts no liability for any loss or damage arising from reliance on the information provided. Trading involves risk, and you should carefully consider your investment objectives and risk tolerance before making any trading decisions. Never invest more than you can afford to lose.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!