Daily Global Market Update

Bitcoin remains resilient, rising 1% despite 2.5% fluctuations. Volkswagen slightly declined by 0.5%, while the Aussie dollar faces downward pressure, down 0.8%. Gold retreated by 0.3%. Oil prices dropped 4%, Euro faces headwinds, and Bitcoin attracts positive inflows. Economic events include US mortgage applications and oil stocks, Germany's CPI, bond auction, and Japan's current account data.

Moneta Markets | 350 dagar sedan

Bitcoin's Resilience Amid Volatility

The Bitcoin to USD pairing advanced by 1% in the previous session, despite experiencing fluctuations up to 2.5% at one point. Notably, the Stochastic indicator has flashed a negative signal, which seemingly clashes with the broader technical outlook.

Volkswagen's Slight Retreat

Volkswagen's shares experienced a modest decline of 0.5% in the latest trading session. Contrarily, the Stochastic indicator is currently suggesting a positive outlook.

Aussie Dollar Faces Downward Pressure

The Australian dollar saw a downturn of 0.8% against its US counterpart. Despite this depreciation, the Stochastic indicator has issued a positive signal, hinting at potential upward momentum.

Gold's Slight Descent

Gold retreated by 0.3% against the US dollar in the last session. The Rate of Change (ROC) indicator is signalling a negative trend, aligning with the recent downward movement in the precious metal's price.

World Financial News

Oil prices have dipped over 4% to hit their lowest point since late July amid mixed economic data from China and increased OPEC exports. This downturn is further compounded by a stronger US dollar. Meanwhile, the Euro faces headwinds from disappointing German economic data, and the Australian dollar is under strain following an interest rate hike by the country's Central Bank. Bitcoin remains a focal point in the currency markets, drawing substantial positive inflows for the sixth consecutive week, amounting to a total of $261 million—demonstrating a sustained investor confidence in the digital currency.

Economic Event Watch

Here’s a summary of the major economic releases due today:

• US MBA Mortgage Applications - 1200 hours GMT

• US EIA Crude Oil Stocks Change - 1530 hours GMT

• Germany's Harmonized Index of Consumer Prices - 0700 hours GMT

• Germany's 10y Bond Auction - 1030 hours GMT

• Japan's Current Account - 2350 hours GMT

• Japan's Coincidence Index - 0500 hours GMT

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

Taggar: Analys

Loonie Stops Falling in Anticipation of the Rate Decision

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Loonie Stops Falling in Anticipation of the Rate Decision

FxPro | 14h 38minuter sedan

EBC Markets Briefing | Silver keeps pace with gold in the fog of war

Gold hovered near an all-time peak on Wednesday, driven by safe-haven demand amid US election uncertainties and rising geopolitical tensions.

EBC Financial Group | 18h 42minuter sedan

Crypto market undergoes correction

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

FxPro | 19h 7minuter sedan

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 | 19h 47minuter sedan

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 | 22h 34minuter sedan

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 | 22h 56minuter sedan

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 | 23h 10minuter sedan

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 | 23h 11minuter sedan

EURUSD	1.07915	GBPUSD	1.29271	AUDUSD	0.66471
USDJPY	152.247	USDCAD	1.38258	USDCHF	0.86599