Daily Global Market Update

Pound, Bitcoin, Oil, and Aussie Dollar surged, with positive technical indicators. Crypto optimism rises with Trump's re-election, while the Bank of England cut rates. Nvidia hit a record high, and key economic events like Japan's Coincident Index and US Consumer Sentiment are on the horizon.

Moneta Markets | 6 days ago

Pound's Positive Movement

The GBP/USD pair gained 0.7% in the last session. The Stochastic indicator is giving a positive signal.

Bitcoin's Upward Surge

The Bitcoin/USD pair skyrocketed 1.1% in the last session. The Ultimate Oscillator is giving a positive signal.

Oil's Market Position

The Oil/USD pair closed 1.2% in the green. According to the Stochastic RSI, we are in an overbought market.

Aussie Dollar's Strong Performance

The AUD/USD pair exploded 1.5% in the last session. The RSI is giving a positive signal.

Global Financial Headlines

The 2024 United States presidential election has brought substantial shifts in crypto policy outlooks as Donald Trump prepares to return to the White House for a second term. Crypto advocates, including Coinbase CEO Brian Armstrong, have expressed optimism that the changes may benefit the digital assets industry. The Bank of England cut interest rates for only the second time since 2020, predicting that the British government's first budget would lead to higher inflation and economic growth. Shares of Nvidia rallied to a record high, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.

Upcoming Economic Highlights

Key economic events to look out for include:

• Japan's Coincident Index - 5 GMT

• US Michigan Consumer Sentiment Index - 15 GMT

• US USDA WDE Report - 17 GMT

• UK CFTC GBP NC Net Positions - 20:30 GMT

• Japan's Leading Economic Index - 5 GMT

• French Current Account - 7:45 GMT

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Initial Jobless Claims Fuels Dollar

The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May.

PU Prime | 1h 43min ago

AUDUSD remains in the red; sellers seem cautious

AUDUSD charts new low after disappointing jobs data. Short-term outlook remains bearish; sellers eye 0.6470 support.

XM Group | 19h 33min ago

Dollar Surge on High CPI

The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country; Dollar surge

PU Prime | 23h 59min ago

Daily Global Market Update

Bitcoin dipped slightly after a brief rally, signaling potential for further correction. Meta's stock declined, but RSI suggests future upside. The Australian dollar and gold are both oversold, hinting at potential rebounds. In global news, Bitcoin stabilized, Coinbase launched a new index, and Q-cells partnered with Microsoft for renewable energy.

Moneta Markets | 1 day ago

Dollar Remain Firm Ahead of CPI

The treasury market experienced intensified sell-off pressure, driving yields higher and boosting dollar strength in recent sessions. The Dollar Index (DXY) reached the 106.00 mark for the first time since June, with all eyes on the upcoming U.S. CPI reading, which could be pivotal for the dollar's trajectory.

PU Prime | 2 days ago

Dow Jones Reach New High on Trump Victory

Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session. R

PU Prime | 2 days ago

AUD/USD Stabilises as Traders Await Economic Signals

The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China's economic stimulus measures, the pair finds a momentary respite as it consolidates recent movements.

RoboForex | 3 days ago

Dollar Decline on Fed Rate Cut

The market's focus was on the Fed's interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations.

PU Prime | 6 days ago

EURUSD	1.05403	GBPUSD	1.26742	AUDUSD	0.64635
USDJPY	156.386	USDCAD	1.40633	USDCHF	0.88948