The financial markets exhibited limited movement during the European trading session on Tuesday (June 10, 2025), as investors seemed reluctant to take new positions. They opted to await further details from the ongoing US-China trade negotiations before making investment decisions.
US Secretary of Commerce, Howard Lutnick, informed reporters on Tuesday that trade discussions with China are progressing positively. He also indicated that negotiations are likely to continue.
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This situation is expected to influence financial market movements during tonight’s trading session.
GOLD
After hitting a low of $3,301 per troy ounce at the start of the trading day, Gold managed to recover, rising to $3,334 during the European afternoon session. This increase was fueled by cautious investor sentiment as they awaited further developments from the trade discussions between the United States and China.
This evening, there are no significant economic data releases, so Gold’s movement may still be impacted by the outcomes of the trade negotiations between the two superpowers. Gold is expected to remain volatile as investors focus on the continuation of talks.
OIL
Oil prices continued to strengthen during the European trading session today, reaching $65.64 per barrel, marking a sixth consecutive week of gains.
This positive movement was driven by two main factors:
1. Progress in US-China trade talks, which is boosting global demand optimism.
2. Stalled Iran-US nuclear negotiations reducing the potential for additional oil supply from Iran.
This combination of fundamental factors is likely to continue providing positive support for Oil prices in upcoming sessions.
EURUSD
The EURUSD pair experienced a strong rebound during the European session after briefly touching a daily low of 1.1372. This rise was prompted by a surge in the Eurozone investor confidence index, which climbed to 0.2 in June, significantly up from -8.1 the previous month. This positive sentiment was reinforced by optimism surrounding the US-China trade discussions, boosting the euro’s valuation.
Further increases are anticipated as market euphoria persists regarding the improving investor sentiment. Fundamental factors, such as positive progress in US-China negotiations and economic stability in the Eurozone, are expected to continue supporting EURUSD’s strength during the evening session.
GBPUSD
The GBPUSD pair experienced a sharp decline following the release of worse-than-expected UK employment data. This currency pair touched a low of 1.3455 amid rising speculation that the Bank of England (BoE) may adopt a more dovish policy stance. The UK unemployment rate rose to 4.6%, exceeding the consensus forecast of 4.5% and hitting the highest level since July 2021.
With the market sentiment turning increasingly bearish, GBPUSD is at risk of facing further selling pressure leading into the US trading session tonight.
USDJPY
The USDJPY pair displayed significant volatility during this afternoon’s trading session, reflecting investor caution in response to developments from the US-China meetings. This volatility was exacerbated by dovish comments from Bank of Japan (BoJ) Governor, Kazuo Ueda, who questioned the prospects of interest rate hikes in Japan.
This combination is likely to keep USDJPY volatile through the evening.
NASDAQ
The Nasdaq index fell to 21,732 during the European session. This movement occurred as traders monitored updates regarding US-China trade negotiations, particularly regarding potential tariff reduction agreements.
The uncertainty surrounding these trade discussions may overshadow Nasdaq movements tonight.
