Daily Global Market Update

The GBP/USD, Bitcoin/USD, and AUD/USD pairs declined, with negative technical indicators. Oil prices rose slightly despite bearish signals. Pepe coin rallied significantly, while US stocks retreated post-CPI data. Key economic events like US CPI, UK GDP, and Eurozone Industrial Production are upcoming.

Moneta Markets | 3h 13min ago

Pound's Downward Correction

The GBP/USD pair experienced a minor downward correction, falling by 0.1% in the last session. The Stochastic indicator is giving a negative signal, reflecting recent bearish movement in the market.

Bitcoin's Slight Decline

The Bitcoin/USD pair fell by 1.4% in the last session. The Rate of Change (ROC) indicator signals a potential continuation of this downward trend.

Oil's Modest Gain

In the last session, US Crude Oil gained 0.6% against the dollar, with the MACD indicating a negative trend.

Australian Dollar's Downward Move

The AUD/USD pair dropped by 0.3% in the last session. The Stochastic indicator is giving a negative signal, suggesting further potential downside.

World Market Overview

Pepe, an Ethereum-based meme coin, continues to rally, showing a 230% increase from its November low. Meanwhile, US stock markets retreated after monthly Producer Price Index data met expectations with a 0.2% rise in October. Jobless claims fell to 217,000, below the forecast. Oil prices ended slightly higher, supported by a significant drop in US fuel inventories despite demand concerns tied to a strengthening dollar.

Key Upcoming Economic Events

Important upcoming events include:

• US Consumer Price Index (CPI) - 1330 GMT

• UK's GDP Monthly Estimate - 0700 GMT

• Eurozone’s Industrial Production - 1000 GMT

• Japan’s Producer Price Index - 2350 GMT

• Australia's Employment Change - 0130 GMT

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

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 | 5h 42min 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 | 23h 31min 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 | 1 day 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 | 2 days 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 | 3 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

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 | 7 days ago

EURUSD	1.0578	GBPUSD	1.26719	AUDUSD	0.64742
USDJPY	155.619	USDCAD	1.40414	USDCHF	0.88752