Daily Global Market Update

GBP/USD steady, potential decline; BTC/USD up 2.2%, Oil rose 3.3%; AUD/USD down 0.3%. Global: Bitcoin > $45,000; Gold stable, Oil up on Middle East tensions. Key events: US Baker Hughes Oil Rig Count, Germany's CPI, Finland's Industrial Output, Austrian Industrial Production, Japan's CFTC JPY NC Net Positions, UK's CFTC GBP NC Net Positions.

Moneta Markets | 295 days ago

Pound's Steady Stance

The Pound Dollar (GBP/USD) pairing remained largely unchanged in the last session. The Relative Strength Index (RSI) is emitting a negative signal, suggesting potential downward pressure.

Bitcoin's Significant Surge

The Bitcoin Dollar pair experienced a notable increase of 2.2% in the last session. The Ultimate Oscillator is delivering a positive signal, aligning with the broader technical outlook.

Oil's Price Escalation

The Oil Dollar pair saw a significant rise of 3.3% in the last session. The Ultimate Oscillator is indicating a positive signal, which is consistent with our comprehensive technical analysis.

AUD's Minor Retreat

The Australian Dollar dropped 0.3% against the US Dollar in the last session. The Commodity Channel Index (CCI) suggests that we are venturing through an oversold market.

Global Financial Headlines

Bitcoin has surged past the $45,000 mark for the first time since the day following the trading of spot ETFs in January. Gold prices have stabilized amid discussions from US Federal Reserve officials regarding the market's anticipation of early interest rate cuts, offsetting safe-haven demand amidst ongoing talks to conclude the Gaza conflict. Oil prices have increased following Israel's refusal of a ceasefire offer from Hamas, maintaining market tension due to the wider Middle Eastern conflicts that have been ongoing since October.

Today's Economic Highlights

Here's a glance at today's key economic events:

• US Baker Hughes US Oil Rig Count - 1800 hours GMT

• Germany's Harmonized Index of Consumer Prices - 0700 hours GMT

• Finland's Industrial Output - 0600 hours GMT

• Austrian Industrial Production - 0800 hours GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

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

Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steady Fed policy.

PU Prime | 1 day ago

Daily Global Market Update

GBP/USD sideways, bullish CCI. Bitcoin -0.7%, bearish Ultimate Oscillator. Oil +0.3%, bearish Stochastic. AUD/USD stable, bullish ROC. Crypto thefts $1.5B in 2023, German inflation steady. Oil prices rise due to Middle East tensions and OPEC+ delays. Key events: Japan Household Spending, US Consumer Confidence, Eurozone GDP, UK Manufacturing PMI, OPEC Meeting Results.

Moneta Markets | 1 day ago

Gold Decline on Easing Geopolitical Tension

The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November.

PU Prime | 2 days ago

How Global Economic Shifts Shape November's Trading Opportunities

The U.S. economy continues to chart a path toward a "soft landing," a scenario where inflation cools without triggering a severe recession. Gradual easing in the labour market underscores this trend, with recent jobless claims figures showing minor increases yet remaining well below concerning thresholds. Businesses are largely retaining staff, indicating stable employment conditions.

ACY Securities | 2 days ago

Daily Global Market Update

Bitcoin faces a bearish trend, while Alibaba Bar stock shows potential for upward movement. The Aussie Dollar is correcting downwards but may recover, and Gold is on an upward trajectory. Global markets are influenced by geopolitical tensions and economic indicators. Key economic events this week include Japanese and European data releases.

Moneta Markets | 3 days ago

All Eye on Today’s PCE

Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar.

PU Prime | 3 days ago

Daily Global Market Update

Gold prices dropped significantly, while the Euro gained slightly. The Pound dipped, and Bitcoin fell sharply. Global equities rose as the dollar weakened. DeFi tokens surged, and the total value locked in DeFi reached a three-year high. Apple's investment proposal in Indonesia was rejected. Key economic events like US Non-Farm Payrolls and UK CPI are due.

Moneta Markets | 4 days ago

Trump’s Tariff Policies Push Dollar Higher

The dollar surged to a recent high, recovering from yesterday's retreat, driven by President-elect Donald Trump's threats of 25% tariffs on Canada, China, and Mexico.

PU Prime | 4 days ago

EURUSD	1.05813	GBPUSD	1.27446	AUDUSD	0.6524
USDJPY	149.627	USDCAD	1.39998	USDCHF	0.88044