Daily Global Market Update

Gold, euro, and pound saw declines against the dollar, while Bitcoin showed overbought signals. The UAW strike costs the U.S. economy $4 billion, Tesla's Q3 sales disappointed, and Bitcoin surged past $28,000. Key economic announcements include U.S. JOLTS Job Openings and Australia's RBA Interest Rate Decision today.

Moneta Markets | 385 gün önce

Gold's Decline

Gold, paired with the dollar, took a downturn of 1.1% in the preceding trading session. The CCI points towards an oversold market condition.

Euro's Recent Tumble

The euro, when paired with the dollar, retreated by 0.8% in its last trading session. The CCI suggests the market is oversold.

Pound's Descent

The pound, against the dollar, witnessed a 0.8% drop during its last trading session. The negative ROC signal aligns with the broader technical analysis.

Bitcoin's Overbought Indications

Bitcoin, in relation to the dollar, recorded a 0.4% drop in its recent trading session. The Stochastic RSI suggests the market is overbought.

World Financial Updates

The ongoing strike by the United Auto Workers against Ford, General Motors, and Stellantis continues into its third week, reportedly costing the U.S. economy nearly $4 billion. Meanwhile, workers are facing wage losses amounting to $325 million. Bitcoin surpassed the $28,000 benchmark, marking its highest value in over a month, with ETF optimism and seasonal factors contributing to this surge. In other news, Tesla’s Q3 sales decelerated, falling 7% from the previous quarter and failing to meet Wall Street's expectations.

Key Economic Announcements

Here's a snapshot of today's awaited economic dispatches:

• U.S JOLTS Job Openings - 1400 hours GMT

• U.S Red Book Index - 1255 GMT

• Spain's Unemployment Change - 0700 hours GMT

• Japan's 10y Bond Auction - 0335 GMT

• Australia's RBA Interest Rate Decision - 0330 GMT

• Australia's RBA Rate Statement - 0330 GMT

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

Etiketler: Analiz

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 | 1s 35 dakika önce

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 | 1s 56 dakika önce

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 | 2s 11 dakika önce

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 | 2s 11 dakika önce