Daily Global Market Update

Gold-dollar surged 1.1%, overbought (CCI). Euro-dollar up 0.2%, positive CCI. Pound gained 0.2%, positive stochastic signal. Bitcoin surged 3.4%, despite negative ROC. US stocks stable before inflation data. Ethereum outflows continue, oil prices slide. Upcoming: US NFIB Business Optimism Index, Redbook Index, Dutch CPI, Japanese Consumer Confidence, and Machine Tool Orders.

Gold's Dollar Pair Surge

The gold-dollar pair surged by 1.1% in the last session. The CCI indicates an overbought market.

 

 

Euro's Minor Upside Correction

The euro-dollar pair made a minor upwards correction in the last session, gaining 0.2%. The CCI is giving a positive signal.

 

 

Pound's Slight Gain

The pound gained slightly by 0.2% against the dollar in the last session. The stochastic indicator's positive signal aligns with the overall technical analysis.

 

 

Bitcoin's Significant Move

The Bitcoin-dollar pair surged by 3.4% in the last session. The ROC's negative signal contradicts our overall technical analysis.

 

 

World Financial Headlines

US Stocks remained essentially unchanged at the close of a choppy session, with a solar eclipse offering distraction ahead of crucial inflation data and the kickoff of the first quarter earnings season. Ethereum-based crypto investment products saw negative outflows for the fourth consecutive week, despite positive inflows into other crypto-based investment products. Ethereum experienced $22.5 million worth of outflows last week, contrasting with most other top altcoins. Oil prices slid more than $1 a barrel, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more troops from Southern Gaza and committed to fresh talks on a potential ceasefire in the sixth-month conflict.

 

Upcoming Economic Highlights

Here's a brief rundown of today's major economic events:

• US NFIB Business Optimism Index - 1000 GMT

• US Redbook Index - 1255 GMT

• Dutch Consumer Price Index - 0430 GMT

• Dutch Consumer Spending Volume - 0430 GMT

• Japan's Consumer Confidence Index - 0500 GMT

• Japan's Machine Tool Orders - 0600 GMT

read more
Daily Global Market Update

Daily Global Market Update

GBP/USD sideways, bullish CCI. Bitcoin -0.7%, bearish Ultimate Oscillator. Oil +0.3%, bearish Stochastic. AUD/USD stable, bullish ROC. Crypto thefts $1.5B in 2023, German inflation steady. Oil prices rise due to Middle East tensions and OPEC+ delays. Key events: Japan Household Spending, US Consumer Confidence, Eurozone GDP, UK Manufacturing PMI, OPEC Meeting Results.
Moneta Markets | 13分前
Dollar extends retreat ahead of US Thanksgiving

Dollar extends retreat ahead of US Thanksgiving

Dollar traders lock more profits amid Thanksgiving Holidays - Probability of a December Fed pause eases somewhat - Yen climbs higher as BoJ hike bets remain elevated - Euro rebounds on ECB Schnabel’s hawkish remarks
XM Group | 19時5分前
Daily Global Market Update

Daily Global Market Update

The Euro is gaining strength, while the Yen is weakening. Gold is correcting upwards, and Alibaba stock is dipping. The Canadian dollar is recovering, but Wall Street is down. Key economic events include Canadian GDP, US inflation, Eurozone consumer confidence, and UK retail sales.
Moneta Markets | 23時34分前
Gold Decline on Easing Geopolitical Tension

Gold Decline on Easing Geopolitical Tension

The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November.
PU Prime | 1日前
How Global Economic Shifts Shape November's Trading Opportunities

How Global Economic Shifts Shape November's Trading Opportunities

The U.S. economy continues to chart a path toward a "soft landing," a scenario where inflation cools without triggering a severe recession. Gradual easing in the labour market underscores this trend, with recent jobless claims figures showing minor increases yet remaining well below concerning thresholds. Businesses are largely retaining staff, indicating stable employment conditions.
ACY Securities | 1日前