Daily Global Market Update

Bitcoin fell 2%. Amazon shares rose 1.7%. The Australian dollar gained 0.2%. Gold increased 0.8%. Oil prices fell due to rate concerns. The US dollar eased amid rising producer prices. The Solana mCoin parody GME hit $100 million market cap. Key economic events today include US CPI, US Retail Sales, Eurozone Employment Change, Industrial Production, and Japan's GDP.

Moneta Markets | 31 days ago

Bitcoin's Recent Movement

The Bitcoin-USD pair experienced a decline of 2% in the last session. The Ultimate Oscillator is signaling a negative outlook.

Amazon Shares Rise

Amazon shares gained 1.7% in the last session. The Ultimate Oscillator is giving a positive signal.

Aussie's Slight Gain

The Aussie gained 0.2% against the dollar in the last trading session. The CCI is giving a negative signal.

Gold's Rise

The gold-dollar pair gained 0.8% in the last session. The Ultimate Oscillator is giving a positive signal.

Recent Developments in Financial News

Oil prices settled lower after US data stoked concerns that US interest rates may remain high. However, potential risks to supply from Middle East tensions and wildfires in Canada provided support to prices. The dollar eased following an unexpected increase in US producer prices in April, indicating stubbornly high inflation in the second quarter. Additionally, GME, an unofficial Solana mCoin parody of American gaming retailer GameStop, surpassed $100 million in market capitalization amid a trading frenzy of its namesake but unrelated entity.

Upcoming Economic Events

Here are today's major economic events:

• US Consumer Price Index - 1230 GMT

• US Retail Sales - 1230 GMT

• Eurozone's Employment Change - 0900 GMT

• Eurozone's Industrial Production - 0900 GMT

• Japan's Gross Domestic Product - 2350 GMT

• Japan's Gross Domestic Product (Annualized) - 2350 GMT

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

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 | 1 day 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 | 1 day 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 | 1 day 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 | 1 day 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 | 1 day 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 | 1 day ago

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