Daily Global Market Update

Financial markets: pound-dollar stable, positive stochastic signal. Bitcoin up 2.9%, MACD negative. Oil rose 1.4%, ROC negative. Aussie dollar up 0.2%, ROC positive. Ripple launches stablecoin. Gold at record high, oil prices up. Major events: Germany's Factory Orders, US Non-Farm Payrolls.

Moneta Markets | 237 days ago

Pound-Dollar Analysis

The pound-dollar price remained largely unchanged in the last session. The stochastic indicator is giving a positive signal.

Bitcoin-Dollar Pair Movement

The Bitcoin-dollar pair exploded by 2.9% in the last session. However, the MACD is giving a negative signal.

Oil-Dollar Pair Movement

The oil-dollar pair rose by 1.4% in the last session, after gaining as much as 1.8% during the session. The ROC is giving a negative signal.

Aussie Dollar Pair Movement

The Aussie dollar pair saw a minor rise of 0.2% in the last session. The ROC is giving a positive signal.

World Headlines

Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the US dollar, citing clear demand for stablecoins. Gold prices rallied to a record high as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear. Traders await key US jobs data. Oil prices rose slightly on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the US, the world's biggest oil consumer.

Upcoming Major Economic Events

Here are today's major economic events:

• Germany's Factory Orders - 0600 GMT

• Japan's Coincident Index - 0500 GMT

• Eurozone's Retail Sales - 0900 GMT

• UK's CFTC GBP NC Net Positions - 1930 GMT

• US Non-Farm Payrolls - 1230 GMT

• Australia's Exports - 0030 GMT

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

Tags: Analysis

EBC Markets Briefing | Oil prices meander on OPEC’s efforts

Oil prices steadied Thursday, supported by a US crude stock draw, after falling nearly 3% on ceasefire talks between Israel and Hezbollah.

EBC Financial Group | 16h 29min ago

Dollar extends retreat ahead of US Thanksgiving

Dollar traders lock more profits amid Thanksgiving Holidays - Probability of a December Fed pause eases somewhat - Yen climbs higher as BoJ hike bets remain elevated - Euro rebounds on ECB Schnabel’s hawkish remarks

XM Group | 18h 3min ago

Japanese Yen Climbs to Five-Week High Due to USD Weakness

The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency's strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as December.

RoboForex | 18h 48min ago

EURJPY bears stay in control

EURJPY in the fourth week of losses. Short-term bias skewed to the downside. Next stop could be near 158.00.

XM Group | 20h 8min ago

Daily Global Market Update

The Euro is gaining strength, while the Yen is weakening. Gold is correcting upwards, and Alibaba stock is dipping. The Canadian dollar is recovering, but Wall Street is down. Key economic events include Canadian GDP, US inflation, Eurozone consumer confidence, and UK retail sales.

Moneta Markets | 22h 31min 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 | 23h 5min 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 | 1 day ago

How Low Could EUR/USD Go?

In a significant market move, EUR/USD has plunged to levels not seen in over two years, driven by a combination of economic and geopolitical pressures. This sharp decline has been raising questions about the resilience of the eurozone economy and the broader implications for global currency dynamics.

ACY Securities | 1 day ago

EURUSD	1.05703	GBPUSD	1.27093	AUDUSD	0.65195
USDJPY	150.011	USDCAD	1.39861	USDCHF	0.88136