Daily Global Market Update

Gold-dollar pair stable; euro-dollar slightly up; pound strengthens; Bitcoin dips. US stocks rise, led by Tesla and Apple. Binance faces lawsuit; key economic events include housing starts, US consumer confidence, and retail sales data.

Gold Dollar Pair's Stability

The gold-dollar pair remained largely unchanged in the last session. However, the ultimate oscillator indicates a negative signal.

 

 

Euro Dollar Analysis

The euro-dollar pair experienced a minor upward correction, gaining 0.1% in the last session. The stochastic indicator suggests a positive outlook.

 

 

Pound's Increment Against Dollar

The pound gained 0.3% against the dollar in the last session, with the MACD signaling a positive outlook.

 

 

Bitcoin's Minor Decline

The Bitcoin-dollar pair saw a slight dip of 0.2% in the last session, accompanied by a negative signal from the ultimate oscillator.

 

 

World Financial Headlines

US stocks surged, with notable gains for Tesla and Apple, as investors awaited the Federal Reserve's interest rate outlook post-policy meeting. Meanwhile, cryptocurrency exchange Binance faces a class action lawsuit in Canada, alleging violations of local securities laws.

 

Upcoming Economic Highlights

Here are today's major economic events:

• Japan's Annualized Housing Starts - 0500 GMT

• US Consumer Confidence - 1400 GMT

• Australia's Retail Sales - 0130 GMT

• Germany's Retail Sales - 0600 GMT

• Japan's Construction Orders - 0500 GMT

• Eurozone's Harmonized Index of Consumer Prices - 0900 GMT

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The Australian Dollar rapidly depreciates

The Australian Dollar rapidly depreciates

The AUD/USD pair has fallen rapidly in the final week, reaching 0.6592. This decline is primarily driven by the US dollar's robust performance, following stronger-than-expected US economic data. Investors now speculate that the Federal Reserve may postpone any interest rate cuts.
RoboForex | 1 day ago
NZD/CAD BoC vs. RBNZ Divergence

NZD/CAD BoC vs. RBNZ Divergence

The New Zealand dollar was the top performer among G10 currencies last night, and the latest policy meeting by the RBNZ is to thank for that. The NZD/USD exchange rate surged to an intra-day high of 0.6152, while the AUD/NZD rate fell to an intra-day low of 1.0861. The New Zealand dollar has appreciated 4.1% month-to-date versus the USD, making the Kiwi the best G10 currency this month.
ACY Securities | 1 day ago
Daily Global Market Update

Daily Global Market Update

The pound dipped 0.1%, Bitcoin fell 1.8%, oil decreased 0.2%, and AUD/USD corrected down 0.1%. Coinbase reopened XRP trading in New York. UK stocks fell amid election uncertainty, and oil prices dropped to their lowest since February. Key upcoming economic releases include UK retail sales, US durable goods orders, and Germany's GDP.
Moneta Markets | 1 day ago