Daily Global Market Update

GBP/USD edged up 0.1%, Bitcoin corrected down 0.2%, Oil dropped 0.8% vs. USD, AUD rose 0.4% vs. USD. Ether trailed Bitcoin YTD gains. Oil steadied near 6-month highs. Russia exports diesel to Sudan post-EU embargo. Economic events include UK's Industrial Production, Japan's Capacity Utilization, Germany's CPI, Eurozone's Fin Meeting, UK's GDP, and US Michigan Consumer Sentiment Index.

Moneta Markets | 19 days ago

GBP/USD Pair's Minor Rise

The GBP/USD pair saw a minor rise of 0.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

Bitcoin's Correction

The Bitcoin-dollar pair corrected downwards in the last session, falling 0.2%. The Williams indicator is giving a negative signal.

Oil's Drop Against the Dollar

Oil dropped 0.8% against the dollar in the last session. The Relative Strength Index (RSI) is giving a negative signal.

AUD/USD Pair's Rise

The Aussie rose 0.4% against the dollar in the last trading session. The Ultimate Oscillator is giving a positive signal.

Latest Updates in World Financial News

Ether had been rallying since the beginning of the new year but began tapering off in mid-March. The altcoin has trailed Bitcoin since January 1st, gaining roughly 48% compared to BTC's 57% in their respective USD pairs year-to-date. Oil prices were steady near six-month highs after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran. OPEC's third-largest oil producer, Russia, has begun diesel exports to Sudan as Moscow seeks new markets for refined products after the EU embargo. Since the full EU embargo on Russian oil product imports was imposed in February 2023, diesel supplies have been diverted to Brazil, Turkey, countries in Africa, Asia, and the Middle East.

Major Economic Events for Today

Here's a brief rundown of today's major economic events:

• UK's Industrial Production - 0600 GMT

• Japan's Capacity Utilization - 0430 GMT

• Germany's Harmonized Index of Consumer Prices - 0600 GMT

• Eurozone's Fin Meeting - 0700 GMT

• UK's Gross Domestic Product - 0600 GMT

• US Michigan Consumer Sentiment Index - 1400 GMT

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Dollar Strengthens on Strong U.S. Wage Data

The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year.

PU Prime | 20h 21min ago

Japanese Yen Fluctuation Eases after Rumour Clear

The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session. This volatility was driven by market speculation regarding potential intervention by Japanese authorities after the Yen surpassed the 160 mark against the dollar.

PU Prime | 1 day ago

Daily Global Market Update

Oil prices held steady, AUD/USD and EUR/USD pairs traded flat, USD/JPY stalled, US stocks surged on tech earnings. Upcoming economic events include US Dallas Fed Manufacturing and Eurozone Business Climate reports.

Moneta Markets | 2 days ago

DXY Climbs as US PCE Stays Elevated; Fed Rate Cuts Unlikely

The Dollar Index, which gauges the value of the Greenback against a basket of 6 major currencies, climbed to 105.77 from 105.57 after the US PCE report showed price pressures remain elevated.

ACY Securities | 2 days ago

Nonfarm Payroll Preview Will It Come Higher, and Does It Actually Matter?

As we approach the end of the month, all eyes are on the upcoming NFP day, a pivotal event that often dictates market direction. There's a growing sense of optimism that this Friday's NFP report could outperform, potentially fuelling a rally in the USD and even breaking the recent high of 106.521 set on April 17th.

ACY Securities | 2 days ago