Daily Global Market Update

GBP and Bitcoin down, oil up, Aussie flat. Crypto.com buys US broker, oil jumps on Iran fear, gold cools after record high. Watch US jobs report and Dutch data today.

Moneta Markets | 5 days ago

Pound's Decline in the Market

The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.

Bitcoin's Downward Trend

The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.

Oil's Significant Rise

The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.

Aussie Dollar's Sideways Movement

The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.

Global Financial Headlines

Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Non-Farm Payrolls - 12:30 GMT

• Dutch Retail Sales - 5:30 GMT

• US Average Hourly Earnings - 12:30 GMT

• Dutch Market Manufacturing PMI - 6:00 GMT

• Japan's CFTC JPY NC Net Positions - 19:30 GMT

• UK's CFTC GBP NC Net Positions - 9:30 GMT

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

Dollar Spur by Trump’s Leading Position in Election

As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets.

PU Prime | 23h 58min ago

Dollar Calm ahead of the U.S. Election

Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength.

PU Prime | 1 day ago

Week Ahead Anticipate Volatility from U.S. Elections and FOMC Meeting

The markets are on edge with the impending U.S. presidential election and FOMC meeting. These events are major drivers of potential volatility, especially across FX markets and interest rate-sensitive sectors, as traders and investors await critical decisions and possible shifts in economic policy. Let’s break down the anticipated impacts of each factor.

ACY Securities | 2 days ago

Daily Global Market Update

Oil prices dropped after initial gain. AUD, EUR flat, USD/JPY up slightly. Financial news: Intel replaced in Dow Jones, Canadian dollar weakens, Amazon surges. Watch US factory orders, bill auctions and note auction later.

Moneta Markets | 2 days ago

Dollar Dives on Soft NFP Reading

The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers.

PU Prime | 2 days ago

AUDUSD holds near August lows: US dollar pressure remains strong

he AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy.

RoboForex | 5 days ago

Dollar Pauses as Jobs Data Looms

Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends.

PU Prime | 5 days ago

Easing Inflation in Australia How Lower Prices Could Lead to Rate Cuts Soon

The latest figures for Australia’s Consumer Price Index (CPI) reveal a persistent cooling of inflationary pressures, as indicated by a modest quarterly rise of just 0.22% in Q3 2024. This subdued increase has resulted in an annual CPI growth rate of 2.81%, slightly below market forecasts.

ACY Securities | 6 days ago

EURUSD	1.07468	GBPUSD	1.29333	AUDUSD	0.66261
USDJPY	154.019	USDCAD	1.38887	USDCHF	0.87518