Daily Global Market Update

GBP and Bitcoin down, oil up, Aussie flat. Crypto.com buys US broker, oil jumps on Iran fear, gold cools after record high. Watch US jobs report and Dutch data today.

Moneta Markets | 39 days ago

Pound's Decline in the Market

The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.

Bitcoin's Downward Trend

The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.

Oil's Significant Rise

The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.

Aussie Dollar's Sideways Movement

The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.

Global Financial Headlines

Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Non-Farm Payrolls - 12:30 GMT

• Dutch Retail Sales - 5:30 GMT

• US Average Hourly Earnings - 12:30 GMT

• Dutch Market Manufacturing PMI - 6:00 GMT

• Japan's CFTC JPY NC Net Positions - 19:30 GMT

• UK's CFTC GBP NC Net Positions - 9:30 GMT

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

All Eye on Today’s CPI

Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist.

PU Prime | 32 minutes ago

Daily Global Market Update

Gold up, Euro and Pound flat. Bitcoin down. Wall Street falls on Nvidia and inflation worries. Crypto investment surges as Bitcoin hits record high. Oracle misses earnings. Key economic events: US inflation, UK production, Japan's GDP, Eurozone and German industrial data, German consumer confidence.

Moneta Markets | 22h 41min ago

Gold Surge on Rising Geopolitical Issues

Gold surged to a two-week high, reflecting heightened demand for safe-haven assets amid rising geopolitical uncertainties.

PU Prime | 23h 36min ago

ATFX Market Outlook 9th December 2024

US stock futures were little changed on Monday as investors await crucial inflation data later this week, which could influence the Federal Reserve's next interest rate decision. Gold remains a haven amid rising geopolitical tensions and inflation fears. Crude Oil slides more than 1% on Friday and is set to close off the week in the red.

ATFX | 1 day ago

Daily Global Market Update

Oil-dollar pair and AUD/USD fell, oversold. EUR/USD corrected slightly, positive signal. USD/JPY sideways, oversold. S&P 500 strong, TikTok divestment, China's gold buying. Watch Japan's labor earnings, Eurozone unemployment, Germany's industrial production, and US core inflation.

Moneta Markets | 1 day ago

Dollar Rises on Jobs Data; Yen Gains on GDP Growth

The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday's Consumer Price Index (CPI) release for further clues on inflation and potential mon

PU Prime | 2 days ago

ATFX Market Outlook 5th December 2024

U.S. stock index futures approached record highs on Wednesday, following Wall Street's gains driven by the tech sector and positive remarks from Federal Reserve Chair Jerome Powell. Powell's comments, likely the last before the Fed's December meeting, indicated cautious optimism about inflation and economic strength amid market uncertainties.

ATFX | 4 days ago

ATFX Market Outlook 6th December 2024

Gold loses ground as traders await US Nonfarm Payrolls The dollar weakened against major currencies, down about 0.4%, leaving the euro up 0.7% at $1.058. The euro was down 0.05% at $1.0582 after bouncing on Thursday as French bonds stabilised, pulling further away from a two-year low of $1.03315 hit at the end of November as traders braced for a drawn-out reckoning for France.

ATFX | 4 days ago

EURUSD	1.05232	GBPUSD	1.27649	AUDUSD	0.63697
USDJPY	151.641	USDCAD	1.41682	USDCHF	0.88366