Daily Global Market Update

Gold up, Euro and Pound flat. Bitcoin down. Wall Street falls on Nvidia and inflation worries. Crypto investment surges as Bitcoin hits record high. Oracle misses earnings. Key economic events: US inflation, UK production, Japan's GDP, Eurozone and German industrial data, German consumer confidence.

Moneta Markets | 1 day ago

Gold Gains in the Market

The last session saw gold rise by 0.9% against the dollar. The RSI is currently giving a positive signal.

Euro Stays Rangebound

The EUR/USD pair traded sideways in the last session. The Williams Percent Range indicator is signalling a negative trend.

Pound Makes a Minor Correction

The GBP/USD pair experienced a minor upward correction in the last session, gaining 0.1%. The Williams Percent Range indicator suggests the market is overbought.

Bitcoin Experiences a Drop

Bitcoin paired with the dollar dropped by 3.1% in the last session. The Stochastic indicator is giving a negative signal.

Global Financial Headlines

Wall Street’s main indices dropped following a decline in AI leader Nvidia, which impacted tech stocks as investors anticipate a critical inflation report this week. Meanwhile, cryptocurrency investment products saw record inflows as Bitcoin surpassed $100,000 for the first time. Oracle missed revenue expectations for Q2, citing reduced client spending on databases and cloud services amid economic uncertainty.

Upcoming Economic Highlights

Key upcoming economic events include:

• US Core Inflation Rate – 1330 GMT

• UK Industrial Production – 0700 GMT

• Japan’s GDP Growth Rate – 2350 GMT

• Eurozone’s Industrial Production – 1000 GMT

• Germany’s Consumer Confidence – 0600 GMT

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ATFX Market Outlook 10th December 2024

Opinion Today: Dow futures were little changed on Tuesday after Nasdaq Composite retreated from record highs, weighed down by a sharp decline in Nvidia.WTI crude oil futures climbed above $68 per barrel, driven by optimism over China's shift toward a looser monetary policy and geopolitical uncertainty in the Middle East. Gold price trades below the two-week top; the downside seems protected

ATFX | 18h 10min ago

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 | 23h 48min ago

Geopolitics and Market Trends Why the Dollar Remains a Strong Bet

Global financial markets are in flux, influenced by a mix of geopolitical developments and central bank policies. Recent events in South Korea, including a brief imposition of martial law, have highlighted the fragility of regional stability and reinforced the appeal of the U.S. dollar.

ACY Securities | 1 day ago

Gold Surge on Rising Geopolitical Issues

Gold surged to a two-week high, reflecting heightened demand for safe-haven assets amid rising geopolitical uncertainties.

PU Prime | 1 day ago

USDJPY, EURUSD, USDCAD

US CPI to be another clue ahead of Fed decision; USDJPY remains steady around 150.50; ECB to cut rates by 25 bps; EURUSD fails to extend above 1.0600; BoC to continue rate cuts in 2024; USDCAD surges to 4½-year high

XM Group | 2 days ago

ATFX Market Outlook 9th December 2024

US stock futures were little changed on Monday as investors await crucial inflation data later this week, which could influence the Federal Reserve's next interest rate decision. Gold remains a haven amid rising geopolitical tensions and inflation fears. Crude Oil slides more than 1% on Friday and is set to close off the week in the red.

ATFX | 2 days ago

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 | 2 days ago

Dollar Rises on Jobs Data; Yen Gains on GDP Growth

The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday's Consumer Price Index (CPI) release for further clues on inflation and potential mon

PU Prime | 3 days ago

EURUSD	1.05059	GBPUSD	1.27649	AUDUSD	0.64135
USDJPY	152.21	USDCAD	1.41485	USDCHF	0.88415