Daily Global Market Update

The GBP/USD, Bitcoin, and Oil traded sideways, with bearish signals from Stochastic RSI, RSI, and ROC respectively. The AUD/USD was stable with oversold conditions. Ether dropped below $3,400, triggering liquidations, while Bitcoin declined 4%. US job data suggests a cooling labor market, reducing the likelihood of further Fed rate cuts. Gold prices rose slightly.

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Stochastic RSI is giving a negative signal, suggesting potential bearish momentum.

 

 

Bitcoin's Slight Decline

Bitcoin fell 0.5% against the dollar in the last trading session. The RSI is currently giving a negative signal, indicating bearish momentum.

 

 

Oil's Neutral Performance

The oil-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signalling negative momentum, suggesting caution in the market.

 

 

Aussie Dollar's Stability

The AUD/USD pair remained largely unchanged in the last session. The Commodity Channel Index (CCI) indicates an oversold market, hinting at potential bullish opportunities.

 

 

Global Financial Headlines

Ether’s price dropped below $3,400, erasing prior gains and triggering $34 million in liquidations of leveraged ETF longs. This followed a 4% decline in Bitcoin, reflecting increased investor risk aversion. Meanwhile, US job market data shows a cooling yet steady labour environment, reducing the likelihood of further Federal Reserve interest rate cuts in the near term. Gold prices rose slightly, driven by safe-haven demand amid thin post-holiday trading as markets await further economic signals.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• Japan’s Labour Cash Earnings - 2330 GMT

• US Jobless Claims Report - 1330 GMT

• Eurozone Industrial Production - 0900 GMT

• UK GDP Growth Estimate - 0700 GMT

• US Federal Reserve Minutes - 1900 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
ATFX Market Outlook 6th February 2025

ATFX Market Outlook 6th February 2025

U.S. stock indices were volatile on Wednesday but closed higher, with the Dow gaining 0.7%, the S&P 500 up 0.41%, and the Nasdaq up 0.19%. The dollar fell to its lowest in over a week as trade war uncertainty, with the dollar index down 0.435% at 107.58. The euro gained 0.24% against the dollar, while the pound rose 0.2%. 
ATFX | 17h 26min ago
ATFX Market Outlook 4th February 2025

ATFX Market Outlook 4th February 2025

U.S. stock index futures rose after President Trump delayed 25% tariffs on Canada and Mexico for 30 days, easing investor concerns. However, a 10% tariff on China will commence on Tuesday. While stocks had dropped due to trade and inflation worries, they ended above session lows following the delay.
ATFX | 1 day ago
ATFX Market Outlook 5th February 2025

ATFX Market Outlook 5th February 2025

U.S. job openings declined in December as the labor market slowed, with the Federal Reserve expected to cut interest rates by June. Major U.S. stock indexes closed higher, boosted by energy stocks and optimism over U.S.-China trade after Trump postponed tariffs on Canada and Mexico. The Dow rose 0.3%, the S&P 500 gained 0.72%, and the Nasdaq climbed 1.35%.
ATFX | 1 day ago
Australian Dollar Recovers, But Risks Remain High

Australian Dollar Recovers, But Risks Remain High

The AUD/USD pair rebounded to 0.6199 on Tuesday, recovering some losses. Earlier in the week, the Australian dollar tested multi-year lows as investors distanced themselves from riskier assets amid concerns over US tariffs on Canada, Mexico, and China.
RoboForex | 2 days ago
Daily Global Market Update

Daily Global Market Update

Bitcoin dipped 0.1% despite earlier gains, while Amazon rose 2% but entered overbought territory. The Australian dollar fell 0.2% despite a positive MACD signal, and gold gained 0.7%. Oil prices declined amid easing Libyan supply concerns, and the US dollar strengthened against the yen. Trump’s tariff plans and digital finance policies sparked EU concerns over US dominance in stablecoins.
Moneta Markets | 8 days ago