Daily Global Market Update

Bitcoin dipped 2.5%, Amazon's stock rose 0.7%, Aussie dollar surged 1.9%, Gold gained 0.8%. Oil prices rise, Yen weak, OKX launches layer 2 blockchain. Upcoming: Euro Zone trade balance, UK CPI, US retail sales & PPI, Japan imports & exports.

Moneta Markets | 343 days ago

Bitcoin's Recent Dip

The Bitcoin/USD pair experienced a notable decline of 2.5% in the last session. The Stochastic indicator is currently indicating a negative trend.

Amazon's Positive Outlook

Amazon's shares saw an uptick of 0.7% in the last trading session. The ROC (Rate of Change) indicator is giving a positive signal, aligning with our overall technical analysis.

Aussie Dollar's Surge

The Australian dollar experienced a significant rise of 1.9% in the last session. The ROC indicator provides a positive signal for this currency pair.

Gold's Positive Momentum

Gold rose by 0.8% against the dollar in the latest session. The Stochastic RSI is indicating a positive signal, consistent with our overall technical analysis.

Global Financial Headlines

Oil prices are witnessing a modest increase, driven by strong demand expectations and concerns over supply disruptions. This comes in the wake of OPEC's report underscoring resilient demand and warning against speculator-driven price fluctuations. The Japanese Yen remains weak, hovering near a three-decade low against the dollar, largely due to the Bank of Japan's ultra-easy monetary policy. In the crypto sector, OKX has launched its layer 2 blockchain for developer testing, aiming to enhance transaction efficiency.

Upcoming Economic Highlights

Today's key economic releases include:

• Euro Zone's Trade Balance - 1000 hours GMT

• UK's Core Consumer Price Index - 0700 hours GMT

• US Retail Sales - 1330 GMT

• US Producer Price Index - 1330 GMT

• Japan's Imports - 2350 GMT

• Japan's Exports - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Tags: Analysis

Daily Global Market Update

EUR/USD declined slightly, USD/JPY strengthened, gold dropped sharply, Amazon shares fell, USD/CAD weakened due to a Bank of Canada rate cut, Wall Street declined due to rising yields and skepticism about Fed rate cuts, corporate news affected McDonald's and Coca-Cola, and US existing home sales hit a 14-year low.

Moneta Markets | 28 minutes ago

Loonie Stops Falling in Anticipation of the Rate Decision

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Loonie Stops Falling in Anticipation of the Rate Decision

FxPro | 16h 29min ago

EBC Markets Briefing | Silver keeps pace with gold in the fog of war

Gold hovered near an all-time peak on Wednesday, driven by safe-haven demand amid US election uncertainties and rising geopolitical tensions.

EBC Financial Group | 20h 33min ago

Crypto market undergoes correction

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market undergoes correction

FxPro | 20h 58min ago

Dollar, gold and US yields continue to rise

Euro is under pressure again as ECB dovish commentary lingers; Gold makes a new all-time high despite the 10-year US yield rise; US equities trade with low conviction ahead of Tesla earnings; BoC to announce another rate cut, loonie could suffer

XM Group | 21h 38min ago

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

PU Prime | 1 day ago

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Moneta Markets | 1 day ago

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | 1 day ago

EURUSD	1.07875	GBPUSD	1.29317	AUDUSD	0.66479
USDJPY	152.215	USDCAD	1.38236	USDCHF	0.86603