Daily Global Market Update

Gold prices plummeted alongside Bitcoin, while the Euro and Pound saw modest gains. The S&P 500 and Nasdaq declined amid competition for AI dominance. Nvidia faces pressure from cheaper AI alternatives. MicroStrategy plans to raise funds through a stock offering, likely to be used for further Bitcoin accumulation. Siemens Energy reported strong Q1 revenue growth.

Moneta Markets | 52 days ago

Gold's Significant Decline

The gold-dollar pair plummeted by 1.2% in the last session. The Stochastic indicator is signalling a negative trend.

Euro's Slight Uptick

The EUR/USD pair experienced a minor rise of 0.2% during the last session. The MACD is signalling a positive trend.

Pound's Modest Increase

The GBP/USD pair recorded a slight rise of 0.1% in the last session. The MACD indicator is currently giving a positive signal.

Bitcoin's Notable Drop

The Bitcoin-dollar pair fell by 2.9% during the last session. The Rate of Change (ROC) indicator is giving a negative signal.

Global Financial Headlines

The S&P 500 and NASDAQ saw declines as a low-cost Chinese AI model gained traction. Chipmaker Nvidia faced pressure from competitors using less expensive hardware and data.Business intelligence firm MicroStrategy announced a stock offering to raise funds for general purposes, including accumulating more Bitcoin. The company plans to issue 2.5 million units of Perpetual Strike Preferred Stock.Siemens Energy, the leading offshore wind turbine maker, reported Q1 revenue of $9.4 billion, reflecting an 18.4% year-on-year growth, slightly exceeding market expectations.

Upcoming Economic Highlights

Key economic events to monitor today include:

• US Red Book Index - 1355 GMT

• Irish Retail Sales - 1100 GMT

• Spain's Unemployment Survey - 0800 GMT

• US S&P/Case-Shiller Home Price Indices - 1400 GMT

• US API Weekly Crude Oil Stock - 2130 GMT

• French Consumer Confidence - 0745 GMT

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

EUR/USD Loses Momentum as Fed Bolsters the US Dollar

The EUR/USD pair is trending downward, approaching 1.0829 on Friday as investors evaluate the latest developments in US Federal Reserve monetary policy.

RoboForex | 20h 25min ago

ATFX Market Outlook 21st March 2025

The U.S. dollar broadly strengthened on Thursday, following the Fed's earlier indication that it is in no rush to cut rates further this year amid uncertainties around U.S. tariff policy. EUR/USD dropped 0.46% to 1.0852, while GBP/USD declined 0.3% to 1.2966. USD/JPY edged up 0.06% to 148.79.

ATFX | 21h 29min ago

Daily Global Market Update – 21st March, 2025

Global markets are pulsing with a blend of caution and momentum as economic signals, currency shifts, and commodity trends set the tone. Here’s a rundown of the latest developments shaping today’s market, focusing on gold, the Japanese Yen, silver, and EUR/USD:

Moneta Markets | 22h 22min ago

Daily Global Market Update – 20th March, 2025

Global markets are pulsing with anticipation and mixed signals as economic data, Fed expectations, and commodity shifts steer the course. Here’s a rundown of the latest developments shaping today’s market, focusing on EUR/USD, gold, GBP/USD, and WTI crude oil:

Moneta Markets | 1 day ago

GBPUSD signals caution as BoE takes spotlight

GBPUSD pulls lower after briefly touching 1.3000 area. Overbought signals reflect weakening bullish pressures. Buying the dip could be considered above the 200-SMA.

XM Group | 1 day ago

Pound Hits 4.5-Month High: New Peaks on the Horizon

The GBP/USD pair surged to 1.3008 on Thursday, marking its highest level in 4.5 months. This upward momentum has fuelled speculation about additional gains for the British pound.

RoboForex | 1 day ago

ATFX Market Outlook 20th March 2025

U.S. equities rallied on Wednesday after the Federal Reserve maintained interest rates as anticipated. Fed Chair Jerome Powell emphasised that policymakers would await further clarity on President Trump’s policies and would not act hastily. Officials projected a total rate cut of 0.5 percentage points by the end of the year.

ATFX | 2 days ago

Daily Global Market Update – 19th March, 2025

Moneta Markets | 2 days ago

EURUSD	1.08128	GBPUSD	1.29138	AUDUSD	0.62709
USDJPY	149.318	USDCAD	1.43518	USDCHF	0.88336