Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Bitcoin's Modest Gain

The Bitcoin/USD pair gained 0.1% in the last session after experiencing a 1.1% dip during the session. The Rate of Change (ROC) indicator is giving a positive signal.

 

 

NIO's Stock Movement

NIO stock gained 0.9% in the last session after rising as much as 3.5% during the session. The Stochastic indicator suggests the market is oversold.

 

 

Aussie Dollar's Positive Signal

The AUD/USD pair gained 0.4% in the last session. The Stochastic RSI is giving a positive signal.

 

 

Gold's Positive Trend

Gold rose 0.9% against the dollar in the last trading session. The MACD is giving a positive signal.

 

 

Global Financial Headlines

Oil prices rose for the second consecutive session as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance. The US dollar rose to a fresh 2.5-month high, continuing its recent rise on expectations the Federal Reserve will temper its rate cut path while investors positioned ahead of a tight US presidential election. Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralised exchanges gain momentum. Binance, the world's biggest crypto exchange, saw a 133% year-over-year decline in spot trading volume.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Fed's Beige Book - 18:00 GMT

• US MBA Mortgage Applications - 11:00 GMT

• Eurozone's Consumer Confidence - 14:00 GMT

• Germany's 10Y Bond Auction - 09:30 GMT

• Japan's Foreign Bond Investment - 23:50 GMT

• Japan's Foreign Investment in Japan Stocks - 23:50 GMT

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