Daily Global Market Update

The British Pound fell 0.4% against the US dollar, while Bitcoin rose 0.2%. Oil prices increased on lower US stockpiles, and AUD/USD dipped slightly. Japan's economic data and Europe's finance meeting are on tap today.

Moneta Markets | 158 days ago

Pound's Recent Decline

The GBP/USD pair experienced a decrease of 0.4% against the dollar in the last session. The Williams' indicator is signalling an oversold market.

Bitcoin's Uptick

The Bitcoin/USD pair rose by 0.2% in the last session, reaching a high of 2.3%. The ROC (Rate of Change) indicator shows a positive signal.

Oil's Price Rise

The oil experienced a rise of 0.7% in the last session. The MACD indicates a positive trend.

AUD/USD's Minor Drop

The AUD/USD pair dropped by 0.2% in the last session. The ROC is indicating a negative signal.

Global Financial Headlines

Japanese cryptocurrency exchange bitFlyer acquires the Japanese arm of collapsed platform FTX, announcing plans to rebrand it as bitFly Holdings. In the US, first-time applications for unemployment benefits slightly fell last week, and new housing construction hit its lowest level in nearly four years last May, suggesting moderate economic activity in the second quarter. Oil prices increased following a reported draw on crude oil by the US Energy Information Administration and a cooling jobs market, raising hopes for a potential Federal Reserve rate cut.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Jibun Bank Services PMI - 0300 GMT

• Eurozone's ECOFIN Meeting - 0700 GMT

• France's Business Climate in Manufacturing - 0645 GMT

• UK's Retail Sales - 0600 GMT

• Japan's Jibun Bank Manufacturing PMI - 0300 GMT

• UK's Public Sector Net Borrowing - 0600 GMT

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Daily Global Market Update

Gold prices dropped significantly, while the Euro gained slightly. The Pound dipped, and Bitcoin fell sharply. Global equities rose as the dollar weakened. DeFi tokens surged, and the total value locked in DeFi reached a three-year high. Apple's investment proposal in Indonesia was rejected. Key economic events like US Non-Farm Payrolls and UK CPI are due.

Moneta Markets | 19h 52min ago

Trump’s Tariff Policies Push Dollar Higher

The dollar surged to a recent high, recovering from yesterday's retreat, driven by President-elect Donald Trump's threats of 25% tariffs on Canada, China, and Mexico.

PU Prime | 20h 28min ago

Daily Global Market Update

Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.

Moneta Markets | 1 day ago

Dollar Plummet on Trump’s Treasury Secretary Speculation

The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments.

PU Prime | 1 day ago

What’s Next for USD, CAD, and AUD?

The FX market has been showing some volatility, with the U.S. Dollar (USD) showing signs of softening amidst varying economic signals. The slight dip in the USD's strength was influenced by inconsistent Treasury yields and a relatively quiet economic calendar for this week.

ACY Securities | 1 day ago