Daily Global Market Update

Bitcoin and Aussie rose on positive technical signals. Google edged up. Gold corrected slightly. Oil gained on a weaker dollar and OPEC+ delay. A new USD-pegged stablecoin launched. Key economic events include US, German, Eurozone, and Japanese data.

Moneta Markets | 15 days ago

Bitcoin's Upward Momentum

The Bitcoin/USD pair skyrocketed by 3.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

Google's Steady Rise

Google shares saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal.

Aussie's Positive Signal

The Aussie gained 0.7% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal.

Gold's Minor Correction

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

Global Financial Headlines

Oil prices edged up about 1% on a weaker US dollar, coinciding with a closely contested US presidential election. OPEC+ delayed plans to increase production in December, contributing to a previous 2% rise in oil prices. Meanwhile, a consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has launched a new stablecoin pegged to the US dollar, aiming to boost global adoption.

Upcoming Economic Highlights

Key economic events to watch include:

• US MBA Mortgage Applications - 12:00 GMT

• US EIA Crude Oil Stocks Change - 15:30 GMT

• Germany's Factory Orders - 07:00 GMT

• Eurozone's Producer Price Index - 10:00 GMT

• Japan's Labour Cash Earnings - 23:30 GMT

• Japan's Jibun Bank Services PMI - 03:00 GMT

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

Tags: Analysis

Midweek Technical Look – USDJPY, EURGBP, Oil

USDJPY is encountering some challenges but continues to maintain an overall uptrend. The outlook for EURGBP remains bearish, with attention shifting back to the 0.8260 level. WTI oil futures are fluctuating within a neutral range; bulls need to show stronger momentum

XM Group | 5h 13min ago

Nvidia fails to lift markets, dollar stands tall

Stocks remain directionless even after stellar earnings by Nvidia. Declining odds for December Fed rate cut weigh on markets. Dollar holds near highs, yen rallies, Bitcoin soars to $97,000.

XM Group | 8h 29min ago

US dollar falling consolidation Boosted by risk aversion, gold price returns above $2,610

On Monday, the US dollar index fluctuated and fell, hitting 106.81 at one point during trading and ultimately closing down 0.44% at 106.21.

CWG Markets | 8h 43min ago

EBC Markets Briefing | Oil up as Ukraine ramps up attacks

Oil prices rose Thursday after Ukraine fired Storm Shadow missiles at Russia, while Moscow's nuclear threat was largely ignored.

EBC Financial Group | 9h 23min ago

NZD/USD Under Pressure Amidst USD Strength

The NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction considered the baseline scenario and a 25% probability of a more aggressive 75-basis-point cut.

RoboForex | 10h 36min ago

Daily Global Market Update

The EUR/USD is oversold, while the USD/JPY shows bearish signs. Gold is trending upward, and Amazon's stock is bearish. Global markets are mixed due to geopolitical tensions. Key economic events like US Consumer Sentiment and Eurozone Industrial Production are upcoming.

Moneta Markets | 12h 42min 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 | 14h 19min 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 | 1 day ago

EURUSD	1.04837	GBPUSD	1.26019	AUDUSD	0.65145
USDJPY	154.533	USDCAD	1.39641	USDCHF	0.88626