Daily Global Market Update

The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.

Moneta Markets | 35 days ago

Pound's Upward Correction

The GBP/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a positive signal.

Bitcoin's Decline

The Bitcoin/USD pair fell by 0.9% following a 1.3% intraday dip. The MACD is giving a positive signal.

Oil's Stability

The price of US Crude Oil remained largely unchanged in the last session. The Stochastic RSI indicates an oversold market.

Aussie's Gain

The Australian dollar gained 0.4% against the US dollar in the last session. The MACD is giving a negative signal.

Global Financial Headlines

Cumulative flows into spot Bitcoin ETFs have exceeded $20 billion, following four consecutive days of inflows in the US. Oil prices slipped slightly as investors awaited developments in the Middle East, while falling US crude inventories provided some support. Gold prices hit record highs amid uncertainty surrounding the US presidential elections and the Middle East conflict, with an easing monetary policy environment keeping prices elevated.

Upcoming Economic Highlights

Key economic events to look out for include:

• UK's Retail Sales - 6:00 GMT

• UK's CFTC GBP NC Net Positions - 19:30 GMT

• US Housing Starts - 12:30 GMT

• US Monthly Budget Statement - 18:00 GMT

• Japan's CFTC JPY NC Net Positions - 19:30 GMT

• Eurozone's Current Account - 8:00 GMT

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Tags: Analysis GBPUSD

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 | 16h 32min ago

Gold Extends its Gain as Geopolitical Tension Heighten

escalating tensions in Eastern Europe after Ukraine launched long-range British missiles into Russian territory, intensified demand for gold .

PU Prime | 1 day ago

The pound falls despite an acceleration in inflation

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The pound falls despite an acceleration in inflation

FxPro | 2 days ago

Gold Gain on Russia-Ukraine Tension

Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response.

PU Prime | 2 days ago

GBPUSD gains traction near familiar support area

GBPUSD bulls step in after six-month low near 1.2600. Price near oversold area, but bullish area is above 1.3000.

XM Group | 3 days ago

Oil Rally on Russia-Ukraine Heighten Tension

Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine's use of long-range missiles.

PU Prime | 3 days ago

Resilient Dollar How Inflation and Trade Policy Shape the Forex Landscape

In recent weeks, the dollar has been bullish, even against slightly softened inflation data. Despite a mild decrease in the U.S. Consumer Price Index (CPI), the dollar’s downturn was brief, indicating solid underlying support from institutional investors.

ACY Securities | 4 days ago

Markets Steady as Bitcoin Hits $90K, Gold Rebounds

The Dollar Index held steady as markets priced in U.S. election outcomes, with attention shifting to upcoming U.S. economic data, including housing figures, weekly jobless claims, and Friday's PMI reports. These updates could reveal corporate sentiment and insights into potential trade tariffs under President Trump, shaping the economic outlook.

PU Prime | 4 days ago

EURUSD	1.04141	GBPUSD	1.25303	AUDUSD	0.64992
USDJPY	154.798	USDCAD	1.39796	USDCHF	0.89434