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Daily Global Market Update

Daily Global Market Update

Gold inched up 0.2%, signaling potential downside. Euro Dollar held steady with a positive signal. Pound rose 0.3% but shows bearish potential. Bitcoin dropped 1.3%, with a negative outlook. Mixed US stock indexes await inflation data, and key events include US CPI, UK job data, and Japan's GDP.
Moneta Markets | vor 344 Tagen
The Trading Week Ahead

The Trading Week Ahead

Recapping the notable event from last week, the Federal Reserve's panel of questions provided insights into monetary policy. Looking forward, this week remains relatively quiet on the economic news front. The main highlight starts on Wednesday, with the US CPI release.
ACY Securities | vor 345 Tagen
JPY Approaching New Lows as Extra Budget Approved

JPY Approaching New Lows as Extra Budget Approved

The USD/JPY rate is hovering close to recent highs, despite a correction prompted by weak US data and lower yields. Following last week's across-the-board weakness in the US dollar due to a disappointing jobs report, this week witnessed a reversal, with all G10 currencies showing weakness.
ACY Securities | vor 345 Tagen
An In-Depth Analysis on GBP – All You Need to Know

An In-Depth Analysis on GBP – All You Need to Know

In 2023, a significant aspect of my GBP narrative has been the elimination of idiosyncratic risks, signalling that the lows in GBP have stabilized. However, the focus on removing negative news rather than incorporating positive developments suggests a limitation on potential GBP rallies.
ACY Securities | vor 345 Tagen
Daily Global Market Update

Daily Global Market Update

Oil surged 2.2%, Aussie dollar gained 0.1%, euro held steady, and dollar-yen trended sideways. Fed rate cut expectations shifted to June. Honda's profits rose 34%. Upcoming economic releases include UK's CFTC GBNC Net Positions, Portuguese CPI, Germany's Current Account, US 3-Month Bill Auction, UK's Rightmove House Price Index, and Japan's CFTC JPY NC Net Positions.
Moneta Markets | vor 345 Tagen
Daily Global Market Update

Daily Global Market Update

British pound down 0.5%, Bitcoin up 2.7%, stable oil prices, Aussie drops 0.6%. Cryptos volatile, European markets up. US: Michigan Consumer Sentiment, Baker Hughes Oil Rig Count. Finland: Current Account, Industrial Output. UK: GDP, Industrial Production.
Moneta Markets | vor 348 Tagen
Continued Worries About Oil Prices and Supply

Continued Worries About Oil Prices and Supply

Oil prices fell 4% on mixed Chinese data and OPEC exports US CPI rose 0.4%, potentially impacting Fed policy. Japan's GDP fell 1.2% due to sluggish consumption and exports. UK inflation at 6.7%, driven by fuel prices, may not quickly reach the Bank of England's target. US PPI increased 0.5%, indicating possible inflation and interest rate concerns.
PU Prime | vor 349 Tagen