Global markets react to political uncertainties and economic data fluctuations

EUR/USD continues to rise as Far Right struggles for absolute majority, with US NFP numbers in focus. Natural Gas extends losing streak post Netanyahu’s ceasefire action. USD facing struggles on multiple fronts, while CNY rates affected by PBOC's bonds borrowing announcement. EUR/GBP shows signs of downtrend resuming as Pound Sterling strengthens with UK choosing Keir Starmer as next PM. Mexican Peso rises against USD for fourth consecutive day. Political uncertainties impacting the market, according to UBS. US Nonfarm Payrolls forecasted to rise by 190K in June, with increasing cut bets by the Fed. WTI moves below $83.50 on expectations of increased supply, awaiting US NFP data. Gold continues to rally as investors anticipate lower interest rates ahead.

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