Daily Global Market Update

The pound surged against the dollar, while bitcoin skyrocketed. Oil prices plummeted, and the Australian dollar gained. Cryptocurrency losses reached a record high, and US manufacturing orders rose unexpectedly. Key economic events include US personal spending and income data, Japan's economic indexes, UK CFTC GBP net positions, and Spain's GDP.

Moneta Markets | 290 days ago

Pound's Significant Rise Against the Dollar

The GBP/USD pair saw a substantial increase, rising 0.7% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

Bitcoin's Explosive Growth

The BTC/USD pair experienced a remarkable surge, skyrocketing 2.7% in the last session. The Williams %R indicator suggests that we are in an overbought market.

Oil's Sharp Decline

The Oil/USD pair dove 3.1% in the last session. The Stochastic indicator is currently giving a negative signal.

Australian Dollar's Impressive Gain

The AUD/USD pair exploded 1% in the last session. According to the Williams %R indicator, we are in an overbought market.

Global Financial Headlines

Cryptocurrency losses due to hacks and scams have reached an all-time high of $2.1 billion in the first three quarters of 2024, surpassing the total losses in 2023, according to web3 cybersecurity company Cyers. In the US, new orders for key manufactured capital goods unexpectedly rose by 0.2% in August, despite business spending on equipment appearing to lose momentum in the third quarter. Oil prices fell more than 3% following a Financial Times report suggesting that Saudi Arabia may abandon its $100 price target in preparation for increasing output along with OPEC members and allies in December.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Personal Spending - 12:30 GMT

• Japan's Coincident Index - 05:00 GMT

• US Personal Income - 12:30 GMT

• UK CFTC GBP Net Positions - 19:30 GMT

• Japan's Leading Economic Index - 05:00 GMT

• Spain's Gross Domestic Product - 07:00 GMT

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

USDJPY, GBPUSD, BTCUSD

US CPI may offer clues on Fed's next move; USDJPY points up; UK CPI expected to remain steady; GBPUSD tilts down; Bitcoin flies above 123,000; next target at 125,000

XM Group | 10h 37min ago

The British pound is testing support, risking breaking it

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: The British pound is testing support, risking breaking it

FxPro | 10h 43min ago

Gold Shines as Trade Tensions Rise

On July 14, global markets turned risk-off after President Trump revived tariff threats targeting the EU and Canada. Gold surged past $3,350 on safe-haven bids, while USD/CAD spiked near 1.3700. EUR/USD rebounded toward 1.1700, and NZD/USD slid below 0.6000 ahead of key Chinese trade data. GBP/USD remained pressured around 1.3500 amid Brexit silence.

Moneta Markets | 16h 44min ago

ATFX Market Outlook 14th July 2025

Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1. Wall Street ended lower on Friday, with Meta Platforms weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada, amplifying the uncertainty swirling around U.S. trade policy.

ATFX | 19h 8min ago

ATFX Market Outlook 11th July 2025

U.S. stock indices, the S&P 500 and Nasdaq, closed slightly higher on Thursday, both reaching new record closing highs. Optimism was boosted by Delta Air Lines' positive earnings forecast and Nvidia's record-breaking market capitalisation, helping investors remain unfazed by Trump’s latest tariff announcements.

ATFX | 3 days ago

GBP/USD Hits Two-Week Low as Pressure Mounts

The GBP/USD pair dropped to 1.3602 on Thursday, marking a two-week low amid a strengthening US dollar and growing concerns over the UK’s public finances.

RoboForex | 4 days ago

GBPUSD sets the ground for a pivot

GBP/USD selling pressures ease shortly after pullback from 3-year high. Technical signals favor bullish rotation; break above 1.3620 is needed.

XM Group | 4 days ago

ATFX Market Outlook 10th July 2025

U.S. President Donald Trump announced new tariffs on seven countries, stating earlier this week that a 25% tariff would be imposed on Japan and other trade partners starting in August. Despite this, Wall Street closed higher on Wednesday, with the tech-heavy Nasdaq leading the gains.

ATFX | 4 days ago

EURUSD	1.1665	GBPUSD	1.34271	AUDUSD	0.65435
USDJPY	147.791	USDCAD	1.37061	USDCHF	0.79811