Daily Global Market Update

Bitcoin fell 0.2% against the dollar after a 1.8% rise. Amazon's stock corrected by 0.1%, but the MACD indicator is positive. The Australian dollar dropped 0.3% against the dollar, with an overbought market. Gold declined 0.5% against the dollar, with a negative MACD signal. Oil prices closed lower, and the Canadian dollar weakened. Bitcoin exchange inflows are at decade lows.

Moneta Markets | 39 days ago

Bitcoin's Recent Movement

Bitcoin experienced a slight decline of 0.2% against the dollar in the last session, following a notable rise of 1.8% earlier in the session. The Rate of Change (ROC) indicator is signaling positivity.

Amazon's Stock Correction

Amazon shares experienced a minor correction, dropping by 0.1% in the last session. However, the Moving Average Convergence Divergence (MACD) indicator is providing a positive signal.

Aussie's Decline Against the Dollar

The Australian dollar fell by 0.3% against the dollar in the last trading session. The Stochastic Relative Strength Index (RSI) indicates an overbought market.

Gold's Drop Amid Dollar Movement

Gold experienced a decline of 0.5% against the dollar in the last session. The MACD indicator is giving a negative signal.

Global Financial Updates

Oil prices closed slightly lower amidst signs of easing supply concerns, while market focus shifted to US stockpiles data due later today. The Canadian dollar weakened against the US dollar due to interest rate differentials, ahead of a key domestic employment report. Bitcoin exchange inflows are at decade lows, following a decline since Bitcoin's all-time highs.

Upcoming Economic Releases

Here's a glance at today's notable economic events:

• Germany's Industrial Production - 0600 GMT

• Japan's JP Foreign Reserves - 2350 GMT

• UK's RICS Housing Price Balance - 2301 GMT

• Finland's Industrial Output - 0500 GMT

• US EIA Crude Oil Stocks Change - 1930 GMT

• US MBA Mortgage Applications - 1100 GMT

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Tags: Analysis

Daily Global Market Update

GBP/USD dipped 0.2%, Bitcoin plunged 2.1%, Oil fell 0.4% but indicator positive. AUD/USD down 0.4%. Terraform Labs to close, US producer prices down, Oil mixed. Upcoming events: US Export Price Index, Eurogroup meeting, US Michigan Consumer Sentiment Index.

Moneta Markets | 1 day ago

Dollar higher, yen under pressure but stocks feel good

Yen suffers from BoJ's inactivity; Dollar recovers from Wednesday’s underperformance; US stock indices’ euphoria continues

XM Group | 1 day ago

Crypto Bears in charge

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto Bears in charge

FxPro | 2 days ago

Australian Labour Market and China Trade Risks

The latest labour market report from Australia reveals a positive trend in employment growth. In May, the Australian economy added 39,700 jobs, consistent with the monthly average of 40,700 job gains for the year.

ACY Securities | 2 days ago

Dollar Rebounds, Fed Dot-Plot Signals Just One Rate Cut This Year

The Dollar Index (DXY)shrugged off softer than expected US Producer Prices, instead climbing 0.5% to 105.25 from 104.70 yesterday. The US Federal Reserve signaled just one rate cut this year, from three previously.

ACY Securities | 2 days ago

Analysis of the Recent US CPI Report and Its Implications for Fed Policy

The recent release of the US Consumer Price Index (CPI) report questions much about the hawkish policy stance that the Federal Reserve has held. This paper will try to extract key features from the report, the new policy consensus for the Federal Reserve, and what that could mean for the US dollar and interest rates (Sourced from Federal Reserve Bank of Chicago).

ACY Securities | 2 days ago

Dollar Gains on Hawkish Fed Outlook

After digesting Jerome Powell's comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect of prolonged high interest rates.

PU Prime | 2 days ago

Forex Market Report - 14th June 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.

DNA Markets | 2 days ago

EURUSD	1.0703	GBPUSD	1.2686	AUDUSD	0.6612
USDJPY	157.31	USDCAD	1.36755	USDCHF	0.8899