Daily Global Market Update

The Pound rose slightly against the Dollar, while Bitcoin and Oil prices jumped. The AUD stayed flat. Crypto losses surged in Q2. US jobless claims dipped but beneficiary numbers rose. Oil futures climbed on supply disruption fears. Today's key economic releases include UK GDP, US personal income/spending, and Japan's construction/housing data.

Moneta Markets | hace 113

Pound/Dollar Pair's Slight Uptick

The GBP/USD pair experienced a minor upwards correction, rising by 0.1% in the last session. The RSI is giving a negative signal, indicating potential overbought conditions.

Bitcoin's Robust Gain

The Bitcoin/USD pair surged by 1.1% in the last session. According to the CCI, we are currently in an oversold market.

Oil's Sharp Rise

The Oil/Dollar pair increased by 1.4% in the last session. The Rate of Change (ROC) indicator is showing a positive signal, suggesting upward momentum.

AUD/USD Pair's Stability

The AUD/USD pair traded sideways in the last session. The stochastic indicator is giving a positive signal, pointing to potential bullish momentum.

Global Financial Headlines

Crypto losses from hacks and scams more than doubled in Q2 of 2024, reaching over $572 million. US jobless claims dropped slightly last week, although the overall number of beneficiaries rose, suggesting softening labour market conditions. Oil futures climbed due to concerns over potential supply disruptions amidst geopolitical tensions.

Upcoming Economic Highlights

Today's key economic releases include the UK's current account and gross domestic product, US personal income and spending, and Japan's construction orders and housing starts.

• UK's Gross Domestic Product - 0600 GMT

• US Personal Income - 1230 GMT

• US Personal Spending - 1230 GMT

• UK's Current Account - 0600 GMT

• Japan's Construction Orders - 0500 GMT

• Japan's Housing Starts - 0500 GMT

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

Daily Global Market Update

The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.

Moneta Markets | hace 1

AUD/USD Rises Following Strong Australian Employment Data

AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy.

RoboForex | hace 2

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | hace 2

Pound Suppressed by Weak Inflation

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Pound Suppressed by Weak Inflation

FxPro | hace 3

Daily Global Market Update

Bitcoin and gold prices have risen. Nike shares have gained, while the Australian dollar has slightly dipped. The US dollar has strengthened against major currencies. Key economic events include the UK's Core CPI, Japan's exports, US export prices, Italy's CPI, and Germany's 30-year bond auction.

Moneta Markets | hace 3

GBP Market Update Insights on Recent Movements and Key Influences

The British pound (GBP) has seen a mild pullback in October, following a period of robust appreciation throughout the summer months. Despite the recent retreat, the pound remains resilient, having shown significant strength against major currencies such as the US dollar (USD) and the euro (EUR) over the course of the year.

ACY Securities | hace 3

Fall in Unemployment Supports Pound, But Concerns Grow

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Fall in Unemployment Supports Pound, But Concerns Grow

FxPro | hace 4

GBPUSD holds near September’s support zone after mixed jobs data

GBPUSD stays directionless near September’s base. Technical signals cannot warrant an upside reversal.

XM Group | hace 4

EURUSD	1.08668	GBPUSD	1.3051	AUDUSD	0.67015
USDJPY	149.524	USDCAD	1.37843	USDCHF	0.8645