Daily Global Market Update

The pound surged against the dollar, while bitcoin skyrocketed. Oil prices plummeted, and the Australian dollar gained. Cryptocurrency losses reached a record high, and US manufacturing orders rose unexpectedly. Key economic events include US personal spending and income data, Japan's economic indexes, UK CFTC GBP net positions, and Spain's GDP.

Moneta Markets | 19 days ago

Pound's Significant Rise Against the Dollar

The GBP/USD pair saw a substantial increase, rising 0.7% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

Bitcoin's Explosive Growth

The BTC/USD pair experienced a remarkable surge, skyrocketing 2.7% in the last session. The Williams %R indicator suggests that we are in an overbought market.

Oil's Sharp Decline

The Oil/USD pair dove 3.1% in the last session. The Stochastic indicator is currently giving a negative signal.

Australian Dollar's Impressive Gain

The AUD/USD pair exploded 1% in the last session. According to the Williams %R indicator, we are in an overbought market.

Global Financial Headlines

Cryptocurrency losses due to hacks and scams have reached an all-time high of $2.1 billion in the first three quarters of 2024, surpassing the total losses in 2023, according to web3 cybersecurity company Cyers. In the US, new orders for key manufactured capital goods unexpectedly rose by 0.2% in August, despite business spending on equipment appearing to lose momentum in the third quarter. Oil prices fell more than 3% following a Financial Times report suggesting that Saudi Arabia may abandon its $100 price target in preparation for increasing output along with OPEC members and allies in December.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Personal Spending - 12:30 GMT

• Japan's Coincident Index - 05:00 GMT

• US Personal Income - 12:30 GMT

• UK CFTC GBP Net Positions - 19:30 GMT

• Japan's Leading Economic Index - 05:00 GMT

• Spain's Gross Domestic Product - 07:00 GMT

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

Pound Suppressed by Weak Inflation

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Pound Suppressed by Weak Inflation

FxPro | 8h 16min ago

Daily Global Market Update

Bitcoin and gold prices have risen. Nike shares have gained, while the Australian dollar has slightly dipped. The US dollar has strengthened against major currencies. Key economic events include the UK's Core CPI, Japan's exports, US export prices, Italy's CPI, and Germany's 30-year bond auction.

Moneta Markets | 13h 22min ago

GBP Market Update Insights on Recent Movements and Key Influences

The British pound (GBP) has seen a mild pullback in October, following a period of robust appreciation throughout the summer months. Despite the recent retreat, the pound remains resilient, having shown significant strength against major currencies such as the US dollar (USD) and the euro (EUR) over the course of the year.

ACY Securities | 16h 35min ago

Fall in Unemployment Supports Pound, But Concerns Grow

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Fall in Unemployment Supports Pound, But Concerns Grow

FxPro | 1 day ago

GBPUSD holds near September’s support zone after mixed jobs data

GBPUSD stays directionless near September’s base. Technical signals cannot warrant an upside reversal.

XM Group | 1 day ago

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Moneta Markets | 1 day ago

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | 1 day ago

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | 2 days ago

EURUSD	1.08572	GBPUSD	1.29867	AUDUSD	0.6665
USDJPY	149.762	USDCAD	1.37609	USDCHF	0.86529