Daily Global Market Update

Bitcoin gained slightly, Meta and AUD slipped, Gold dipped due to strong USD. US retail sales strong, crypto.com CEO met Trump on Bitcoin Reserve. Watch Japan data, US Redbook, UK retail sales, Eurozone unemployment, Germany industrial production.

Bitcoin's Modest Gain

The Bitcoin/USD pair rose by 0.9% in the last session, after gaining as much as 2% earlier in the day. The Rate of Change (ROC) indicator is giving a positive signal.

 

 

Meta Shares Slip

Meta shares dropped by 0.7% in the last session. The Williams Percent Range indicator is currently giving a negative signal.

 

 

Australian Dollar's Decline

The AUD/USD pair fell by 0.4% in the last session. The Stochastic indicator is currently showing a negative signal.

 

 

Gold Under Pressure

Gold dipped by 0.2% against the dollar in the last session, as the RSI indicated a negative signal. A stronger US dollar and rising Treasury yields contributed to this decline.

 

 

Global Financial Headlines

Gold prices faced headwinds due to a stronger US dollar and climbing Treasury yields, as investors focus on the Federal Reserve’s final policy meeting of the year. Retail sales data in the US surpassed expectations, reinforcing economic momentum. Meanwhile, crypto.com CEO Chris Marel met with US President-elect Donald Trump to discuss proposals for a National Bitcoin Reserve.

 

Upcoming Economic Highlights

Key events to monitor include:

• Japan’s Labour Cash Earnings - 2330 GMT

• US Redbook Index - 1355 GMT

• UK BRC Retail Sales - 0001 GMT

• Japan’s Overall Household Spending - 2330 GMT

• Eurozone Unemployment Rate - 1000 GMT

• Germany’s Industrial Production - 0700 GMT

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Navigating Currency Shifts: RBA's Policy and Global Market Trends

Navigating Currency Shifts: RBA's Policy and Global Market Trends

The global economy is once again navigating uncertain waters, with key developments shaping the outlook for currencies and economic stability. Among these shifts, the Reserve Bank of Australia’s (RBA) evolving stance on monetary policy and its implications for the Australian dollar (AUD) take centre stage.
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Dollar Surge on High PPI Reading

Dollar Surge on High PPI Reading

The dollar index (DXY) climbed to a two-week high, reaching the 107.00 mark, following the release of U.S. economic data. While initial unemployment claims rose to 242,000, concerns over a rebounding PPI reading have fueled speculation that the Fed may adopt a more hawkish stance ahead of next week’s monetary policy decision.
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Soft CPI Reading, Reinforces Fed Rate Cut

Soft CPI Reading, Reinforces Fed Rate Cut

Yesterday's US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs.
PU Prime | 6日前
All Eye on Today’s CPI

All Eye on Today’s CPI

Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist.
PU Prime | 7日前
Daily Global Market Update

Daily Global Market Update

Oil-dollar pair and AUD/USD fell, oversold. EUR/USD corrected slightly, positive signal. USD/JPY sideways, oversold. S&P 500 strong, TikTok divestment, China's gold buying. Watch Japan's labor earnings, Eurozone unemployment, Germany's industrial production, and US core inflation.
Moneta Markets | 9日前
Daily Global Market Update

Daily Global Market Update

The GBP/USD pair rose due to overbought conditions. Bitcoin declined amid a negative trend. Oil prices fell due to oversupply and delayed OPEC+ production increases. The AUD/USD pair gained momentum. Bitcoin's dominance surged, and US labor market conditions eased. Key economic events include US Nonfarm Payrolls, Eurozone GDP, UK Manufacturing PMI, China's Trade Balance and Australia Retail Sales.
Moneta Markets | 12日前