Daily Global Market Update

GBP/USD moved sideways; Bitcoin dropped 4.2%, oversold; Oil/USD fell 4.3%, oversold; AUD/USD down 0.6%, CCI negative. Solana surges 177%; Europe's index drops. Oil prices down on US supply and China demand. Upcoming: UK Retail Sales, US Housing Starts, and more.

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Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Stochastic indicator's negative signal is at odds with our overall technical analysis.

Bitcoin's Significant Drop

Bitcoin saw a substantial decline of 4.2% in its last session. The Stochastic RSI suggests that we are in an oversold market.

Oil's Sharp Decline

The Oil/USD pair experienced a significant drop of 4.3% in the last session. The Stochastic RSI points to an oversold market condition.

AUD/USD's Moderate Fall

The Australian Dollar fell by 0.6% against the US Dollar in the last session. The CCI is indicating a negative trend.

Global Financial Headlines

Solana has achieved new yearly highs, gaining more than 177%, following commendations from Ark Invest CEO Kathy Wood for its efficiency and cost-effectiveness. Meanwhile, Europe's benchmark index has seen a decline after a 3-day increase, as hopes for policy tightening and rate cuts have been overshadowed by softening inflation in major economies. In the oil market, prices have dropped due to signs of increased supply from the US and concerns over weak energy demand from China, with Brent Futures falling to $80.

Upcoming Economic Highlights

Key economic releases for today include:

• UK's Retail Sales - 0700 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

• US Housing Starts - 1330 GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 GMT

• US Baker Hughes US Oil Rig Count - 1800 GMT

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

Heighten Geopolitical Tension Hit on Wall Street

Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire.

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U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

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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.

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AUD/USD Struggles for Stability: Chances are Slim

The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low.

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Dollar Stays Strong as U.S. Election is Approaching

The dollar remains robust, with the dollar index notching its highest level in October as treasury yield surged.

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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.

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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.

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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

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EURUSD	1.08011	GBPUSD	1.2967	AUDUSD	0.6656
USDJPY	151.943	USDCAD	1.3816	USDCHF	0.86571