Daily Global Market Update

The GBP/USD rose slightly, while BTC/USD fell sharply. Oil and AUD/USD experienced marginal increases. Crypto lobbying has surged, while luxury goods shares declined due to slowing Chinese demand. OPEC+ delayed oil production hikes. Key economic events include Japan's Coincidence Index, Leading Economic Index, UK's CFTC GBP Non-Commercial Net Positions, Eurozone's GDP, and US Non-Farm Payrolls/Ave

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Pound's Minor Rise Against the Dollar

The GBP/USD pair experienced a slight increase, rising 0.2% in the last session. The Stochastic indicator is currently signalling a negative trend.

Bitcoin's Significant Drop

The BTC/USD pair plummeted by 3% in the last session. The MACD is currently giving a negative signal, aligning with the recent price action.

Oil's Slight Increase

Oil experienced a marginal increase of 0.1% against the dollar in the last session. The Rate of Change (ROC) indicator is currently giving a negative signal.

Australian Dollar's Upward Movement

The AUD/USD pair gained 0.3% in the last session. However, the Ultimate Oscillator is currently giving a negative signal, suggesting potential caution.

Global Financial Headlines

Crypto lobbying has seen a significant increase over the past few years, with key companies like Coinbase driving advocacy efforts to influence US legislators. Coinbase has increased its lobbying expenditure by 3,475% over the past 7 years. In Europe, shares of major luxury goods companies have fallen sharply due to growing concerns over slowing demand in the key Chinese market, following signs of weakening in the world's second-largest economy. OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in 9 months, adding that it could further pause or reverse the hikes if needed.

Upcoming Economic Highlights

Key economic events to look out for include:

• Japan's Coincidence Index - 0500 GMT

• Japan's Leading Economic Index - 0500 GMT

• UK's CFTC GBP Non-Commercial Net Positions - 1930 GMT

• Eurozone's Gross Domestic Product - 0900 GMT

• US Non-Farm Payrolls - 1230 GMT

• US Average Hourly Earnings - 1230 GMT

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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 | 3h 16minuter sedan

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 | 6h 40minuter sedan

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 | 1 dag sedan

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 | 1 dag sedan

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 | 1 dag sedan

Fall in Unemployment Supports Pound, But Concerns Grow

EURUSD	1.08645	GBPUSD	1.3015	AUDUSD	0.66958
USDJPY	149.545	USDCAD	1.37812	USDCHF	0.86324