Daily Global Market Update
Gold's Descent
The gold-dollar pair experienced a 0.6% decline in the last session. However, the Stochastic indicator hints at a potential reversal.
Euro's Latest Tumble
The Euro dipped 0.3% against the dollar in the last trading session. The Relative Strength Index (RSI) suggests a bearish outlook ahead.
Pound's Struggle
The pound witnessed a 0.6% fall against the dollar in the last trading session, with the Ultimate Oscillator pointing towards a bearish momentum.
Bitcoin's Recent Downturn
Bitcoin against the dollar dropped by 0.3% in the last session, with the Stochastic RSI indicating bearish signals.
Global Financial Headlines
Wall Street indices dipped as Jerome Powell, the Fed Chair, countered market speculations about imminent rate cuts. Meanwhile, Multicoin Capital seeks to sell its FTX bankruptcy claim, possibly benefiting from recent positive developments. Stellantis dispelled rumors of a merger with Renault, emphasizing its commitment to its long-term business plan.
Upcoming Economic Highlights
Today's economic calendar is packed with notable releases, including Japan's Foreign Reserves, the RBA's rate statement and interest rate decision, Germany's Factory Orders, the Eurozone's Retail Sales, and the UK's BRC Like-for-Like Retail Sales.
• Japan's Foreign Reserves - 2350 GMT
• Australia's RBA Rate Statement and Interest Rate Decision - 0330 GMT
• Germany's Factory Orders - 0700 GMT
• Eurozone's Retail Sales - 1000 GMT
• UK's BRC Like-for-Like Retail Sales - 0001 GMT
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Dollar weakness accelerates as risk appetite fades
Gold Prices Climb Amid Geopolitical Tensions
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ATFX Market Outlook 21st May 2025
