Daily Global Market Update

The British Pound, Australian Dollar, and oil (WTI) all fell against the US Dollar. Bitcoin also dropped. The European Central Bank kept interest rates the same but lowered its growth forecast for the Eurozone. Investors are watching economic data releases today, including the US Baker Hughes Oil Rig Count and UK Retail Sales, for clues about the global economic climate.

Moneta Markets | 91 days ago

Pound/Dollar's Recent Decrease

The GBP/USD pair fell by 0.4% in the last session. The RSI is giving a negative signal.

Bitcoin's Downturn

The Bitcoin/USD pair dropped 0.5% in the last session. The stochastic indicator indicates an overbought market.

Oil's Price Decline

The oil (WTI) fell by 0.9% against the dollar in the last session. The MACD is giving a negative signal.

Aussie/Dollar's Decrease

The AUD/USD pair dropped by 0.3% in the last session. The CCI is giving a negative signal.

Global Financial Headlines

Kraken announced the expansion of its custody services to institutional clients in the UK and Australia, enhancing its digital asset custody options. The European Central Bank maintained interest rates but revised down the economic outlook for the Eurozone, predicting a continued drop in inflation. Oil prices remained stable amid mixed demand signals and looming economic slowdown fears in the US, raising expectations of an imminent Federal Reserve rate cut.

Upcoming Economic Highlights

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

• US Baker Hughes Oil Rig Count - 1700 GMT

• Germany's Producer Price Index - 0600 GMT

• Eurozone's Current Account - 0800 GMT

• Japan's CFTC JPY NC Net Positions - 1930 GMT

• UK's Retail Sales - 0600 GMT

• UK's Public Sector Net Borrowing - 0600 GMT

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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 | 21h 27min ago

AUD/USD Rises Following Strong Australian Employment Data

AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy.

RoboForex | 1 day ago

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | 1 day ago

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 | 2 days 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 | 2 days 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 | 3 days 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 | 3 days 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 | 3 days ago

EURUSD	1.08668	GBPUSD	1.3051	AUDUSD	0.67015
USDJPY	149.524	USDCAD	1.37843	USDCHF	0.8645