Daily Global Market Update

The GBP/USD pair rose due to overbought conditions. Bitcoin declined amid a negative trend. Oil prices fell due to oversupply and delayed OPEC+ production increases. The AUD/USD pair gained momentum. Bitcoin's dominance surged, and US labor market conditions eased. Key economic events include US Nonfarm Payrolls, Eurozone GDP, UK Manufacturing PMI, China's Trade Balance and Australia Retail Sales.

Moneta Markets | 42 days ago

Pound's Positive Movement

The GBP/USD pair rose by 0.3% in the last trading session. The Williams Percent Range indicator suggests that the market is currently overbought.

Bitcoin's Minor Drop

Bitcoin paired with the dollar saw a minor decline of 0.2% in the last session. The MACD is indicating a negative trend.

Oil's Continued Weakness

The US Crude Oil pair dropped 0.5% in the last session following a 1.1% intraday dip. The Stochastic RSI suggests an oversold market.

Australian Dollar's Positive Signal

The AUD/USD pair edged higher by 0.2% in the last session. The Rate of Change (ROC) indicator provides a positive signal.

Global Financial Headlines

Bitcoin dominance has surged to 57% as the cryptocurrency hit an all-time high. Meanwhile, labour market data in the US indicates easing conditions as unemployment filings increased slightly last week. Oil prices continued to decline, weighed by an ample supply outlook for 2025 and OPEC+ delaying output increases until April next year.

Upcoming Economic Highlights

Key upcoming economic events include:

• US Nonfarm Payrolls - 1330 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• UK Manufacturing PMI - 0930 GMT

• China's Trade Balance - 0300 GMT

• Australia Retail Sales - 0130 GMT

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Daily Global Market Update

The GBP/USD traded sideways with a positive trend signal, while Bitcoin fell 1.2%, showing a negative ROC. US Crude dropped 1.9% but showed positive momentum, and the AUD/USD dipped 0.2% with a positive CCI. Coinbase reintroduced Bitcoin-backed loans, US retail sales rose, and gold hit a one-month high. Key economic updates include Japan's investment data and UK's retail sales.

Moneta Markets | 6h 26min ago

ATFX Market Outlook 16th January 2025

The dollar weakened as lower core inflation data raised expectations for two potential Fed rate cuts. The dollar index fell to 109.07, with the dollar at 156.49 yen, the sterling at 1.2229, and the euro near 1.03.

ATFX | 1 day ago

UK inflation: below expectations but above target

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: UK inflation: below expectations but above target

FxPro | 1 day ago

Daily Global Market Update

Bitcoin surged 2.3% with bullish signals, while NIO fell 0.8%, reflecting bearish sentiment. The AUD/USD rose slightly, showing potential for further gains, and gold increased 0.4% despite cautious signals. Oil prices dipped amid steady demand forecasts, the dollar remained strong, and USD Coin's market cap surged 78%. Key economic events include bond auctions, price indices, and GDP data.

Moneta Markets | 2 days ago

Australian Dollar Gains, but Rate Uncertainty Limits Potential

The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in the market. Traders remain vigilant ahead of key December inflation data from the US, which could influence expectations regarding the Federal Reserve’s potential interest rate cuts in 2025.

RoboForex | 2 days ago

UK’s Economic Outlook Worries as Pound Set to Depreciate

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for JAN 9, 2025.

Ultima Markets | 2 days ago

ATFX Market Outlook 7th January 2025

On Monday, the S&P 500 and Nasdaq hit their highest levels in over a week, driven by gains in semiconductor stocks and reports suggesting the incoming Trump administration might adopt a softer approach to tariffs. The Dow fell by 0.06%, the S&P 500 rose by 0.5%, and the Nasdaq increased by 1.2%.

ATFX | 2 days ago

ATFX Market Outlook 8th January 2025

Dow futures closed lower on Tuesday as robust economic data led to higher Treasury yields, dampening expectations for Federal Reserve rate cuts later this year. Crude oil futures rose toward $75 per barrel on Wednesday, extending gains and approaching three-month highs amid signs of declining US crude inventories.

ATFX | 2 days ago

EURUSD	1.03024	GBPUSD	1.21905	AUDUSD	0.61949
USDJPY	155.602	USDCAD	1.44219	USDCHF	0.91172