Daily Global Market Update

Gold, euro, pound, and bitcoin all rallied, with positive technical indicators suggesting further strength. US stocks rebounded on tech earnings optimism, while Boeing announced layoffs. Key economic data releases include US CPI, Eurozone industrial production, UK GDP, Australian employment, and Japanese machine orders.

Moneta Markets | 14 days ago

Gold's Strong Rally

The gold-dollar pair surged by 1.4% in the last session. The Williams Percent Range indicator is giving a positive signal, suggesting continued bullish momentum.

Euro's Positive Session

The euro rose 0.5% against the dollar in the last trading session. The RSI is indicating a positive trend, supporting expectations of further gains.

Pound Gains Ground

The pound-dollar pair advanced by 0.4% in the last session. The Rate of Change (ROC) indicator is signalling a positive outlook, pointing to sustained upward momentum.

Bitcoin's Modest Increase

Bitcoin gained 0.6% against the dollar in the last session. The MACD is showing a positive signal, aligning with broader market sentiment.

Global Financial Headlines

The NASDAQ and S&P 500 rebounded after recent losses, driven by anticipation for quarterly earnings from tech giants Nvidia and Tesla. MicroStrategy continued increasing its Bitcoin holdings, despite the cryptocurrency reaching new highs. Boeing announced plans to lay off over 2,200 workers in Washington and Oregon, as part of a broader strategy to reduce its global workforce by 10%, equating to approximately 17,000 jobs.

Upcoming Economic Highlights

Key economic events to watch for include:

• US Consumer Price Index (CPI) - 1230 GMT

• Eurozone Industrial Production - 0900 GMT

• UK GDP Preliminary Data - 0700 GMT

• Australia's Employment Change - 0030 GMT

• Japan's Machine Orders - 2330 GMT

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Tags: Analysis

Dollar recharges, Euro drops on French politics

Dollar rebounds on more tariff threads and better US PMIs - JOLTs job openings in focus ahead of Friday’s NFP report - Euro feels the heat of France’s budget turmoil - S&P 500 and Nasdaq climb to fresh record highs

XM Group | 7h 4min ago

AUDUSD trapped in a bearish formation

AUDUSD struggles below 20-SMA; trend signals are discouraging. AZ Q3 GDP could be a market mover on Wednesday at 00:30 GMT.

XM Group | 8h 9min ago

ATFX Market Outlook 3rd December 2024

ATFX Market Outlook 3rd December 2024 Euro Under Pressure: French Government Crisis Sparks Market Concerns The Nasdaq and S&P 500 closed at record highs on Monday, driven by technology companies. Investors are awaiting economic data this week, particularly the monthly employment report on Friday, since the Federal Reserve usually cuts interest rates again in December.

ATFX | 8h 10min ago

EBC Markets Briefing | Euro dragged lower by political turmoil

The dollar rose on Tuesday as political turmoil in France weakened the euro, which was the weakest G10 currency last month.

EBC Financial Group | 8h 27min ago

Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting

Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December.

RoboForex | 8h 56min ago

Brent Oil Prices Dip Ahead of Crucial OPEC+ Meeting

Brent crude oil prices have declined to 71.65 USD per barrel as the commodity market remains tense ahead of this week’s postponed OPEC+ meeting, now rescheduled for Thursday, 6 December.

RoboForex | 8h 56min ago

Daily Global Market Update

Gold and Euro declined, while Pound and Bitcoin showed positive signs. S&P 500 and NASDAQ rose, with Ether funds setting a record inflow. US imposed new export restrictions on Chinese tech. Key economic events include Japan's labor data, US retail sales, UK's BRC sales, Japan's household spending, Eurozone's unemployment, and Germany's industrial production.

Moneta Markets | 11h 19min ago

Upbeat U.S. PMI Boost Dollar

The dollar gained yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and upbeat U.S. PMI data, which supported the greenback.

PU Prime | 11h 28min ago

EURUSD	1.05182	GBPUSD	1.26742	AUDUSD	0.64847
USDJPY	149.351	USDCAD	1.40622	USDCHF	0.88556