Daily Global Market Update

Bitcoin down 0.4%, Tesla -0.8%, Aussie Dollar -0.8%, Gold -0.1%. Saudi Arabia may extend OPEC+ cuts amid recession. US dollar at 10-month peak; Euro, Pound, Yen down. Upcoming: US ADP Employment, ISM PMI, Eurozone Retail Sales & Producer Price Index, Japan Bank Services PMI, Foreign Bond Investment.

Moneta Markets | 385 dni temu

Bitcoin's Ambiguous Movements

Bitcoin experienced a descent of 0.4% paired against the dollar during the last trading session. The stochastic indicator alludes to an optimistic market outlook.

Tesla's Stock Dip

Tesla's shares recorded a drop of 0.8% in the preceding trading session. Current data suggests a bearish market condition.

Aussie Dollar's Decline

The Australian Dollar registered a 0.8% dip against the dollar in the recent trading engagement. As per the Williams_R indicator, the market appears to be oversold.

Gold's Minor Setback

Gold paired with the dollar witnessed a marginal decline of 0.1% in the latest session. The stochastic indicator indicates an oversold market.

Oil and Economic Updates

Saudi Arabia is considering prolonging cuts in the upcoming OPEC+ meeting. This decision aims at bolstering oil prices, especially given that the nation's economy is grappling with a recession, intensified by a 25% year-to-year slump in mining sector activities. Additionally, the US dollar recently surged to its zenith in the past 10 months against a spectrum of rival currencies. The Euro, Pound, and Yen have all plummeted to multi-month lows.

Anticipated Economic Releases

Here's a brief glance at today’s forthcoming economic publications:

• US ADP Employment Change - 1215 hours GMT

• US ISM Services PMI - 1400 hours GMT

• Eurozone's Retail Sales - 0900 hours GMT

• Eurozone's Producer Price Index - 0900 hours GMT

• Japan's Bank Services PMI - 0030 GMT

• Japan's Foreign Bond Investment - 2350 GMT

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

Tagi: Analizować

Crypto market undergoes correction

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market undergoes correction

FxPro | 11 minut temu

Dollar, gold and US yields continue to rise

Euro is under pressure again as ECB dovish commentary lingers; Gold makes a new all-time high despite the 10-year US yield rise; US equities trade with low conviction ahead of Tesla earnings; BoC to announce another rate cut, loonie could suffer

XM Group | 51 minut temu

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

PU Prime | 3g 38 minut temu

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Moneta Markets | 4g 0 minut temu

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | 4g 14 minut temu

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.

ACY Securities | 4g 15 minut temu

EBC Markets Briefing | Asian funds feel unsettled for the rest of 2024

A Bank of America survey found global investor sentiment at its most optimistic since June 2022, driven by rate cuts and China's stimulus plan.

EBC Financial Group | 20g 53 minut temu

EBC Markets Briefing | US stocks muted as investors await key earnings

US stocks retreated from record highs and six straight weekly gains on Monday as Treasury yields rose, with investors wary of high valuations.

EBC Financial Group | 1 dni temu

EURUSD	1.07832	GBPUSD	1.29828	AUDUSD	0.66569
USDJPY	152.716	USDCAD	1.38263	USDCHF	0.86758