Daily Global Market Update

Gold dipped slightly against the dollar, while the Euro and Pound gained. Bitcoin surged. Wall Street rallied on AI optimism and potential tariff easing. MicroStrategy added to its Bitcoin holdings. Key economic events include bond auctions, unemployment data, and retail sales figures.

Moneta Markets | 1 day ago

Gold's Marginal Dip

Gold dipped by 0.2% against the dollar in the last trading session. The Stochastic RSI is giving a positive signal.

Euro's Positive Movement

The EUR/USD pair rose by 0.7% in the last session. The Stochastic indicator is giving a positive signal.

Pound Gains Against the Dollar

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

Bitcoin Surges

Bitcoin paired with the dollar exploded by 3.6% in the last session. The Ultimate Oscillator is giving a positive signal.

Global Financial Headlines

Wall Street's main indices reached new highs as optimism around artificial intelligence boosted semiconductor stocks. A report suggested that the incoming Trump administration may adopt a less aggressive stance on tariffs than previously anticipated. MicroStrategy, the largest corporate Bitcoin holder, announced the purchase of 170 BTC during late December 2024, spending approximately $111 million.

Upcoming Economic Highlights

Key economic events to look out for include:

• Japan's 10Y Bond Auction - 0335 GMT

• UK's 30Y Bond Auction - 1030 GMT

• Eurozone's Unemployment Rate - 1000 GMT

• US 3-Year Note Auction - 1800 GMT

• Japan's JP Foreign Reserves - 2350 GMT

• UK's BRC Like-for-Like Retail Sales - 0100 GMT

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Dollar Strengthen on Strong Economic Performance

The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump's inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend.

PU Prime | 3h 52min ago

Canadian Dollar Calm After Prime Minister Step-Down

Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership.

PU Prime | 1 day ago

ATFX Market Outlook 6th January 2025

Some Federal Reserve officials suggested that the Fed may need to maintain a restrictive policy longer due to inflation risks. Despite this, U.S. stocks rebounded on Friday, with the S&P 500 ending its longest losing streak since April last year, marking its largest single-day gain since Trump's victory.

ATFX | 2 days ago

Dollar Strengthens, Euro Faces Further Downside

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for JAN 3, 2025.

Ultima Markets | 2 days ago

Daily Global Market Update

Oil surged 1.1%, overbought on CCI. Aussie gained 0.1%, positive Stochastic. Euro climbed 0.4%, positive Williams %R. Yen dipped 0.1%, overbought on Williams %R, negative signal. US stocks rebounded on rate cut hopes and Foxconn revenue surge. Key events: Dutch Retail Sales, German CPI, UK CFTC GBP positions, Japan Services PMI, US Bill Auction.

Moneta Markets | 2 days ago

ATFX Market Outlook 3rd January 2025

The dollar is set for its best weekly performance in over a month, reaching a two-year high of 109.54 against other currencies due to expectations of fewer Federal Reserve rate cuts and a strong U.S. economy. Initial jobless claims dropped to an eight-month low, indicating a resilient labour market.

ATFX | 2 days ago

Dollar Strong on Resilient Job Data

The U.S. dollar extended its rally, with the Dollar Index (DXY) surging to 109.00 for the first time since November 2022 following upbeat economic data.

PU Prime | 5 days ago

Daily Global Market Update

The GBP/USD fell 1.2%, Bitcoin gained 2.9%, and US crude oil rose 1.3%, signaling market volatility. The AUD/USD showed stability. Global highlights include $126M USDT frozen, oil's 2% rise on China optimism, and gold's 1.3% Safe Haven rally. Key economic updates include US ISM indices, Germany’s unemployment data, and Japan’s CFTC positions.

Moneta Markets | 5 days ago

EURUSD	1.03228	GBPUSD	1.24518	AUDUSD	0.62214
USDJPY	158.161	USDCAD	1.43628	USDCHF	0.91135