Daily Global Market Update
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
GBPUSD Analysis: The Fed Still Has Expectations of Cuts This Year
Week 10 of EBC’s Million Dollar Trading Challenge II: Bold Moves, Big Lessons
US 100, EURUSD, GBPUSD
Moneta Markets Daily Market Update: May 12, 2025
GBPUSD Analysis: Pound Potentially Form a Head & Shoulders
Tariffs Ignite Safe-Haven Rally
GBPUSD shows bullish spark, but key resistance nearby
