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Daily Global Market Update

Daily Global Market Update

Bitcoin up 1.5%, Amazon rises 0.6%, Aussie dollar gains 0.2%, gold falls 0.1%. Oil stable amid economic concerns. US dollar strengthens. FTX in talks for revival. Upcoming economic announcements worldwide.
Moneta Markets | vor 364 Tagen
Dollar Strengthens on Upbeat PMI Reading

Dollar Strengthens on Upbeat PMI Reading

The favourable U.S. PMI data and better-than-expected Eurozone economic figures led the dollar to rebound. Meanwhile, the Australian dollar strengthened following robust CPI data from Australia.
PU Prime | vor 364 Tagen
USD and Bonds Dip

USD and Bonds Dip

Join Luca Santos, ACY Securities Technical Market Analyst, as he shares the latest Forex market insights including his thoughts on the US Dollar, Bonds Yield, EURUSD, GBPUSD, upcoming economic news events and more.
ACY Securities | vor 365 Tagen
ECB Policy Focus Set Balance Sheet Further Shift

ECB Policy Focus Set Balance Sheet Further Shift

The key macro event for the financial markets this week will be the ECB monetary policy announcement on Thursday. After raising their key policy rate by 25bps to 4.00% in September, they altered the forward guidance in the accompanying statement.
ACY Securities | vor 365 Tagen
Daily Global Market Update

Daily Global Market Update

Gold steady, Euro up 0.7% (overbought), Pound +0.6% (potential downturn), Bitcoin +5.1% (positive momentum). Gold prices down due to the stronger USD, Binance scrutiny, and Tesla shares -16%. Upcoming events: Germany's GfK Consumer Confidence, Finland's Producer Price Index, Japan's Jabun Bank PMI, UK's Claimant Count Change, and US Redbook Index.
Moneta Markets | vor 365 Tagen
Dollar Plunges on Treasury Yield Surge

Dollar Plunges on Treasury Yield Surge

The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. This surge in bond yields potentially influences the Fed's future interest rate hikes decision.
PU Prime | vor 365 Tagen
The Trading Week Ahead

The Trading Week Ahead

This week, we'll keep an eye on Eurozone PMIs, Bank of Canada's rate decision, and the ECB announcement, among other things. And remember, it's all about staying well-informed and making data-driven decisions in the world of trading.
ACY Securities | vor 366 Tagen
US Dollar Complicates Gold & Oil

US Dollar Complicates Gold & Oil

In this video, Clifford Bennett, Chief Economist at ACY Securities, delves into the current state of US equities, which closed on a grim note in New York on Friday. He explores the ongoing power struggle between Gold, Oil, and the USD in the context of escalating conflicts in the Middle East.
ACY Securities | vor 366 Tagen
Weaker Consumer to Weigh on the Pound

Weaker Consumer to Weigh on the Pound

The New Zealand dollar has displayed the poorest performance among G10 currencies on last Friday. The British pound, on the other hand, is not far behind, with recent data emphasizing the potential for a renewed economic downturn in the UK. Retail sales, including fuel, saw a significant decline of 0.9% month-on-month in September (excluding fuel, the decline was 1.0% month-on-month).
ACY Securities | vor 366 Tagen
Powell Emphasizes Need for Caution

Powell Emphasizes Need for Caution

Federal Reserve Chair Jerome Powell's recent address to the Economic Club of New York (on last Friday 20/10/2023) has triggered speculation about a potential shift in the stance of the Federal Open Market Committee (FOMC), largely in response to the recent surge in U.S. Treasury (UST) bond yields.
ACY Securities | vor 366 Tagen
Daily Global Market Update

Daily Global Market Update

Oil slid 0.9% against the dollar, showing a bullish signal on MACD. Aussie dollar stood still with a bearish Stochastic RSI. Euro traded sideways with an overbought Stochastic RSI. Dollar-yen held steady, hinting at overbought conditions. In global news, the UK faces rising unemployment, the US reports a $1.695 trillion budget deficit, and China unveils an economic revival plan.
Moneta Markets | vor 366 Tagen
US 10-Year Yield Jumps, nears 5%; DXY Dips After Powell

US 10-Year Yield Jumps, nears 5%; DXY Dips After Powell

The Dollar Index, which gauges the value of the Greenback against a basket of 6 major currencies eased after Federal Reserve President Jerome Powell said that the next policy step would be data dependent. The USD/DXY was steady at 106.25, off its overnight high at 106.67.
ACY Securities | vor 369 Tagen
2 Reasons Why EURUSD Can Deep Further

2 Reasons Why EURUSD Can Deep Further

Throughout this month, I've noticed that the Euro (EUR) has been undergoing a consolidation phase at relatively lower levels in comparison to the US Dollar (USD). After reaching an intraday low of 1.0448 on the 3rd of October, the EUR/USD exchange rate has subsequently rebounded towards the 1.0600-level.
ACY Securities | vor 369 Tagen