Daily Global Market Update

Pound up 0.5% vs. Dollar (bullish). Bitcoin up 2.6% vs. Dollar (potential downside). Oil down 2.1% vs. Dollar (bearish). Aussie up 1.1% vs. Dollar (bullish). Finance exits Russia. U.S. economy grows 2.1% despite high rates. Gold at six-month low due to U.S. rates. Watch inflation figures for Federal Reserve clues. Economic releases include Germany's Unemployment, UK's GDP, U.S. Income, and more.

Moneta Markets | 389 days ago

Pound's Positive Momentum Against Dollar

The Pound registered a notable surge of 0.5% against the dollar in its most recent session. The Williams indicator, suggests a bullish trend.

Bitcoin's Recent Surge Amidst Negative Indicators

Bitcoin experienced a striking increase of 2.6% paired with the dollar in the last session. However, the stochastic indicator suggests potential downside risks.

Oil's Decline in the Market

The oil-dollar pair witnessed a sharp decline of 2.1% during the most recent trading session. The RSI indicates bearish momentum in the market.

Aussie's Positive Strides

The Aussie-dollar pairing ascended by 1.1% in its recent session. The Williams indicator points towards bullish tendencies.

Major Global Financial Headlines

Finance, reputed as the world's foremost exchange, is retracting its presence from Russia subsequent to the sale of its Russia-oriented operations to the newly-formed exchange, COMX. In the U.S., despite the challenges posed by heightened interest rates, the economy persistently exhibited robust performance, growing at a 2.1% annual pace from April to June. On the commodities front, gold touched a six-month nadir as increased prospects of prolonged U.S. interest rates reduced the allure of non-yielding bullion. Market participants are now shifting their focus to this week's inflation figures to deduce cues regarding the Federal Reserve's strategies.

Key Economic Releases Today

Anticipated economic releases for the day include:

• Germany's Unemployment Rate - 0755 hours GMT

• UK's Gross Domestic Product - 0600 hours GMT

• UK's Current Account - 0600 hours GMT

• U.S Personal Income - 1230 hours GMT

• Eurozone's Harmonised Index of Consumer Prices - 0900 hours GMT

• Japan's Construction Orders - 0500 hours GMT

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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 58min 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