Daily Global Market Update

Gold surged, euro rose slightly, pound gained, Bitcoin fell. US stocks hit highs, Hong Kong Bitcoin ETFs lag. Tesla cuts jobs. Economic events include Germany's Trade Balance, US 3-Year Note Auction, Japan's PMI, and Australia's RBA decision.

Moneta Markets | il y a 205

Gold's Surging Momentum

The gold-dollar pair surged by 1.3% in the last session, marking a significant uptrend. The CCI (Commodity Channel Index) is signaling a positive momentum shift.

Euro's Minor Upswing

The euro-dollar pair experienced a slight upward correction, gaining 0.1% in the last session. However, the stochastic indicator is giving a cautious negative signal.

Pound's Marginal Gain

The pound managed a slight increase of 0.1% against the dollar in the last session. However, the ultimate oscillator is indicating a negative outlook.

Bitcoin's Declining Trend

Bitcoin experienced a decline of 1% against the dollar in the last session, indicating a downward trend. The ROC (Rate of Change) is confirming the negative sentiment.

Global Financial Updates

US stock indexes continued their upward trajectory from last week, with investors increasingly betting on a potential interest rate cut by the Federal Reserve. Both the S&P 500 and NASDAQ hit record highs. Meanwhile, Hong Kong's spot Bitcoin ETFs are lagging behind their US counterparts in performance since their recent launch, attracting $262 million in assets under management. In other news, Tesla announced layoffs in its software service and engineering departments as part of its workforce reduction strategy.

Upcoming Economic Events

Here are today's major economic events to keep an eye on:

• Germany's Trade Balance - 0600 GMT

• Germany's Factory Orders - 0600 GMT

• US 3-Year Note Auction - 1700 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

• Australia's RBA Interest Rate Decision - 0430 GMT

• Australia's RBA Rate Statement - 0430 GMT

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

Tags: Analyse

EBC Markets Briefing | Oil prices meander on OPEC’s efforts

Oil prices steadied Thursday, supported by a US crude stock draw, after falling nearly 3% on ceasefire talks between Israel and Hezbollah.

EBC Financial Group | il y a 3h 34min

Dollar extends retreat ahead of US Thanksgiving

Dollar traders lock more profits amid Thanksgiving Holidays - Probability of a December Fed pause eases somewhat - Yen climbs higher as BoJ hike bets remain elevated - Euro rebounds on ECB Schnabel’s hawkish remarks

XM Group | il y a 5h 8min

Japanese Yen Climbs to Five-Week High Due to USD Weakness

The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency's strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as December.

RoboForex | il y a 5h 53min

EURJPY bears stay in control

EURJPY in the fourth week of losses. Short-term bias skewed to the downside. Next stop could be near 158.00.

XM Group | il y a 7h 13min

Daily Global Market Update

The Euro is gaining strength, while the Yen is weakening. Gold is correcting upwards, and Alibaba stock is dipping. The Canadian dollar is recovering, but Wall Street is down. Key economic events include Canadian GDP, US inflation, Eurozone consumer confidence, and UK retail sales.

Moneta Markets | il y a 9h 37min

Gold Decline on Easing Geopolitical Tension

The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November.

PU Prime | il y a 10h 10min

How Global Economic Shifts Shape November's Trading Opportunities

The U.S. economy continues to chart a path toward a "soft landing," a scenario where inflation cools without triggering a severe recession. Gradual easing in the labour market underscores this trend, with recent jobless claims figures showing minor increases yet remaining well below concerning thresholds. Businesses are largely retaining staff, indicating stable employment conditions.

ACY Securities | il y a 11h 27min

How Low Could EUR/USD Go?

In a significant market move, EUR/USD has plunged to levels not seen in over two years, driven by a combination of economic and geopolitical pressures. This sharp decline has been raising questions about the resilience of the eurozone economy and the broader implications for global currency dynamics.

ACY Securities | il y a 11h 28min

EURUSD	1.05452	GBPUSD	1.26766	AUDUSD	0.64942
USDJPY	151.56	USDCAD	1.40165	USDCHF	0.88356