Daily Global Market Update

GBP and Bitcoin down, oil up, Aussie flat. Crypto.com buys US broker, oil jumps on Iran fear, gold cools after record high. Watch US jobs report and Dutch data today.

Pound's Decline in the Market

The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.

 

 

Bitcoin's Downward Trend

The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.

 

 

Oil's Significant Rise

The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Aussie Dollar's Sideways Movement

The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.

 

 

Global Financial Headlines

Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Non-Farm Payrolls - 12:30 GMT

• Dutch Retail Sales - 5:30 GMT

• US Average Hourly Earnings - 12:30 GMT

• Dutch Market Manufacturing PMI - 6:00 GMT

• Japan's CFTC JPY NC Net Positions - 19:30 GMT

• UK's CFTC GBP NC Net Positions - 9:30 GMT

Réglementation: FSA (Seychelles), FSCA (South Africa)
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Daily Global Market Update

Daily Global Market Update

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Dollar Pauses as Jobs Data Looms

Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends.
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