Daily Global Market Update

Gold, Euro, and Pound declined sharply, while Bitcoin reached a new high. Wall Street hovers near record highs, boosted by Trump's re-election. Key economic data releases from Japan, the US, UK, Eurozone, and Germany may impact markets.
Moneta Markets | 12 दिनों पहले

Gold's Sharp Decline

The Gold-Dollar pair dropped sharply by 2.8% in the last session. The Commodity Channel Index (CCI) currently signals that the market is oversold.

 

 

Euro's Decline Continues

The Euro-Dollar pair fell by 0.5% against the dollar in the last session. The Williams Percent Range indicator suggests that the market remains oversold.

 

 

Pound's Downward Trend

The Pound-Dollar pair dropped by 0.4% in the last session. The Williams Percent Range continues to indicate an oversold market.

 

 

Bitcoin Reaches New High

Bitcoin surged 4.6% against the dollar in the last session. The Ultimate Oscillator shows the market is currently overbought.

 

 

Global Financial Headlines

Wall Street’s indexes hover near record highs, awaiting economic data that may impact the Federal Reserve's rate decisions. Stock gains follow Donald Trump's re-election, with traders expecting favourable impacts from his policies. Notably, Bitcoin reached an all-time high of $85,000, with analysts speculating on a six-figure price by 2025. Tesla's shares also rose sharply, with investors betting on potential synergies between Elon Musk and President Trump.

 

Upcoming Economic Highlights

Traders should watch these key economic releases for potential market shifts:

• Japan's Labour Cash Earnings – 2330 GMT

• US Red Book Index – 1355 GMT

• UK's BRC Retail Sales – 0001 GMT

• Japan's Household Spending – 2330 GMT

• Eurozone Unemployment Rate – 1000 GMT

• Germany's Industrial Production – 0700 GMT

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Daily Global Market Update

Daily Global Market Update

Pound weakened, Bitcoin surged, Oil climbed, Aussie traded sideways. Bitcoin's $100K rally gains momentum, gold rises on safe-haven demand. Key economic events to watch.
Moneta Markets | 2 दिनों पहले
Midweek Technical Look – USDJPY, EURGBP, Oil

Midweek Technical Look – USDJPY, EURGBP, Oil

USDJPY is encountering some challenges but continues to maintain an overall uptrend. The outlook for EURGBP remains bearish, with attention shifting back to the 0.8260 level. WTI oil futures are fluctuating within a neutral range; bulls need to show stronger momentum
XM Group | 2 दिनों पहले
Nvidia fails to lift markets, dollar stands tall

Nvidia fails to lift markets, dollar stands tall

Stocks remain directionless even after stellar earnings by Nvidia. Declining odds for December Fed rate cut weigh on markets. Dollar holds near highs, yen rallies, Bitcoin soars to $97,000.
XM Group | 3 दिनों पहले