Daily Global Market Update

Gold, Euro, Pound, Bitcoin Decline; Global Markets React. Powell's Remarks Impact Wall Street. Multicoin Capital to Sell FTX Claim. Stellantis Denies Renault Merger. Upcoming: Japan's Reserves, RBA Decision, Germany's Orders, Eurozone Retail, UK's BRC Sales.

Moneta Markets | 618 days ago

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

Moneta Markets

4.7

163 reviews

Type: STP, ECN

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

Tags: Analysis

Stocks perk up but dollar remains heavy as gold extends gains

Tensions continue to brew between Washington and Beijing. Dollar slips to one-week low, gold marches above $4,200. But upbeat earnings offer support to equities. Euro and yen steadier amid hopes of easing political turmoil.

XM Group | 1h 16min ago

EBC Markets Briefing | Trade war hammers Aussie; gold sets fresh peak

The Australian dollar fell Thursday as the US-China trade war hit investor sentiment, while Fed rate cut expectations also pressured the dollar.

EBC Financial Group | 1h 59min ago

The crypto market tests the strength of its three-month support

The crypto market capitalisation lost 2.3% from the previous day's level to $3.75 trillion. The rebound on Sunday and Monday did not develop

FxPro | 2h 9min ago

EBC Markets Briefing | A balanced portfolio is more than necessary now

On Wednesday, Wall Street rebounded on strong earnings from major banks, but analysts warned that overheated U.S. stock sentiment could trigger a pullback.

EBC Financial Group | 3h 33min ago

ATFX Market Outlook 16th October 2025

The Federal Reserve’s Beige Book showed little change in recent U.S. economic activity, but signs of cooling consumption emerged. Morgan Stanley and Bank of America gained on strong quarterly earnings, while investors remained focused on escalating U.S.-China trade tensions. The Dow fell 0.04%, the S&P 500 rose 0.4%, and the Nasdaq advanced 0.66%.

ATFX | 3h 42min ago

Gold Extends Its Rally as Safe-Haven Demand Builds

The gold market continues to attract strong inflows, underscoring its appeal as a premier defensive asset. Growing anxieties over a potential US government shutdown are fuelling investor nervousness, with Congress once again at a budget impasse.

RoboForex | 3h 53min ago

Oil Steadies as India Halts Russian Imports, Dollar Weakens on Fed Bets | 16th October 2025

Oil steadied near $58 after India halted Russian imports, easing supply fears. The US Dollar weakened as dovish Fed expectations lifted risk appetite and commodities. Gold surged above $4,200, while NZD and CAD gained on USD softness. Traders now eye Fed comments, US data, and EIA reports for market direction.

Moneta Markets | 4h 53min ago

Fed’s Dovish Tone Weakens Dollar, Lifts Majors | 15th October 2025

The US Dollar weakened after Fed Chair Powell’s dovish remarks fueled expectations of a year-end rate cut, lifting major currencies and risk sentiment. Oil stayed subdued near $58 amid oversupply worries, while GBP/USD, EUR/USD, and AUD/USD gained. Traders await key US data and FOMC minutes for policy confirmation.

Moneta Markets | 23h 43min ago

EURUSD	1.16517	GBPUSD	1.34289	AUDUSD	0.65081
USDJPY	151.227	USDCAD	1.40408	USDCHF	0.79731