Daily Global Market Update

Gold edged up slightly but technical indicators suggest a potential decline. The Euro remained stable with negative momentum. The Pound gained ground despite negative signals. Bitcoin surged significantly with positive momentum. US stocks rose on rate cut hopes. Crypto markets rallied, attracting record inflows. SoftBank pledged a $100 billion US investment.

Moneta Markets | 1 dag sedan

Gold's Minor Rise

The gold-dollar pair saw a minor rise of 0.1% in the last session. The Stochastic indicator is giving a negative signal.

Euro's Stability

The EUR/USD price remained largely unchanged in the last session. The ROC indicator is giving a negative signal.

Pound's Strong Gain

The GBP/USD pair rose 0.4% against the dollar in the last trading session. The Stochastic RSI is giving a negative signal.

Bitcoin's Strong Surge

The Bitcoin-dollar pair skyrocketed 2.6% in the last session. The ROC indicator is giving a positive signal.

Global Financial Headlines

The S&P 500 and NASDAQ rose as investors looked forward to an anticipated Federal Reserve interest rate cut later this week. Several key data releases are expected to provide insights into next year’s monetary policy.

Cryptocurrency markets continue to rally as Bitcoin reaches new highs, marking the tenth consecutive week of inflows for digital asset investment products. Crypto investment firm CoinShares reported inflows totalling $3.2 billion for the week of December 9th to 13th.

In other news, SoftBank CEO Masayoshi Son, alongside President-elect Donald Trump, announced a $100 billion investment in the US over the next four years. This investment aims to create 100,000 jobs, primarily focusing on AI technology.

Upcoming Economic Highlights

Traders should prepare for a busy economic calendar, with significant data releases over the next few days:

• Japan’s Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• UK's BRC Retail Sales - 0001 GMT

• Japan’s Overall Household Spending - 2330 GMT

• Eurozone’s Unemployment Rate - 1000 GMT

• Germany’s Industrial Production - 0700 GMT

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

EUR/USD Holds Steady Ahead of Crucial Federal Reserve Meeting

The EUR/USD pair is trading neutrally around 1.0510 as market participants adopt a cautious stance ahead of the Federal Reserve's upcoming decision on interest rates.

RoboForex | 1 dag sedan

ATFX Market Outlook 13th December 2024

U.S. producer prices rose the most in five months in November, but service sector inflation slowed. After an unexpected rise in initial jobless claims last week, traders estimated that the probability of the Federal Reserve cutting interest rates next week was about 97% U.S. stocks retreated on Thursday as investors took stock of key economic indicators ahead of next week's Federal Reserve meeting

ATFX | 1 dag sedan

ATFX Market Outlook 16th December 2024

This week, attention turns to the Fed, BoJ, and BoE. Despite recent inflation data, the Fed is expected to cut rates by 25bps on Wednesday, with an 80% chance of a pause in January. Strong US economic performance suggests limited further cuts, which may pressure the dollar.

ATFX | 1 dag sedan

Euro Weigh on Eurozone Political Uncertainty

The euro faced pressure from political uncertainty following German Chancellor Olaf Scholz's loss in a confidence vote, triggering a snap election. In contrast, the Pound Sterling gained strength, supported by upbeat PMI data.

PU Prime | 1 dag sedan

EUR/USD Dollar Strength Persists Amid ECB and Inflation Signals

The U.S. dollar has ended the week on a strong note, buoyed by firmer-than-expected inflation data. Recent figures showed steady price pressures, reinforcing market confidence in the Federal Reserve's current policy stance. Although the upcoming release of the core CPI deflator is projected to be moderate, the broader inflation narrative has kept U.S. Treasury yields supported, further enhancing t

ACY Securities | 1 dag sedan