Daily Global Market Update

Bitcoin fell 0.4% against the dollar, Facebook's stock rose 0.2% with a bearish outlook, the Aussie dropped 0.3% with a bearish signal, and the gold-dollar pairing slumped 0.8% with a bearish view. Energy stocks rose due to Russia's export hint. The Bank of England is expected to keep a 5.25% bank rate until at least July. Exchange Finance is reopening to Belgian users after a ban.

Moneta Markets | 391 days ago

Bitcoin's Downtrend Continues

Bitcoin noted a descent of 0.4% against the dollar in the preceding trading session. The Stochastic RSI suggests the market is in an oversold territory.

Facebook's Minor Recovery

Facebook's stock observed a modest rise of 0.2% in its last trading session. However, the RSI is highlighting a bearish outlook.

Aussie's Decline

The Aussie marked a 0.3% drop against the dollar in its recent trading session. The Stochastic signals a bearish market.

Gold-Dollar Tandem's Dip

The gold-dollar pairing witnessed a slump of 0.8% in its last trading encounter. The MACD presents a bearish perspective.

Global Financial News

Energy stocks primarily surged after Russia hinted at easing its fuel export ban. The Bank of England is expected to retain the bank rate of 5.25% until at least July, as per economists' predictions. Meanwhile, Exchange Finance is set to welcome back its Belgian users, three months post the cessation notice by Belgium's finance authority.

Economic Highlights for the Day

Anticipated economic disclosures for the day include:

• U.S Durable Goods Orders - 1230 GMT

• U.S Non-Defense Capital Goods Orders - 1230 GMT

• Germany's GfK Consumer Confidence Survey - 0600 hours GMT

• Finland's Consumer Confidence - 0500 hours GMT

• Japan's Coincident Index - 0500 hours GMT

• Japan's Leading Economic Index - 0500 hours GMT

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

Tags: Analysis

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.

PU Prime | 1h 37min ago

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.

Moneta Markets | 1h 59min ago

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | 2h 13min ago

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.

ACY Securities | 2h 14min ago