Daily Global Market Update

Gold, Euro, and Pound saw minor gains, while Bitcoin experienced a sharp decline. The CCI indicates overbought conditions for Gold and Pound, while the MACD signals a negative trend for the Euro. Technology stocks weighed on major US indices, and Tether's stablecoin dominance increased.

Gold's Minor Uptick

The Gold/USD pair experienced a slight increase of 0.1% in the last trading session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

 

 

Euro's Upward Movement

The EUR/USD pair saw a notable rise of 0.4% in the last session. However, the Moving Average Convergence Divergence (MACD) is currently signalling a negative trend.

 

 

Pound's Significant Gain

The GBP/USD pair experienced a substantial increase, gaining 0.6% in the last session. The Commodity Channel Index (CCI) suggests that the market is currently overbought.

 

 

Bitcoin's Sharp Decline

The BTC/USD pair plummeted by 2.2% in the last session. The Commodity Channel Index (CCI) is indicating a negative signal, aligning with the overall market movement.

 

 

Global Financial Headlines

Technology stocks weighed on the NASDAQ and the S&P 500 on Monday as cautious investors awaited a crucial monetary policy decision from the Federal Reserve later in the week. Most traders have priced in a significant reduction in borrowing costs. Tether's US dollar-denominated stablecoin now controls 75% of the entire stablecoin market, following substantial adoption over the past two years. Shares of Apple fell nearly 3% after some analysts suggested that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Retail Sales - 12:30 GMT

• US Industrial Production - 13:15 GMT

• Germany's ZEW Survey Current Situation - 09:00 GMT

• Germany's ZEW Survey Economic Sentiment - 09:00 GMT

• Japan's Exports - 23:50 GMT

• Japan's Imports - 23:50 GMT

Regulamento: FSA (Seychelles), FSCA (South Africa)
read more
EURUSD Stabilises as US Presidential Election Unfolds

EURUSD Stabilises as US Presidential Election Unfolds

EURUSD remains poised around 1.0878 as markets brace for the outcome of the highly anticipated US presidential election. With the world watching, the direction of the major currency pair will hinge significantly on the election results, where a victory for Donald Trump is likely to bolster the USD, potentially leading to a notable increase.
RoboForex | 18h 20min atrás
Dollar Calm ahead of the U.S. Election

Dollar Calm ahead of the U.S. Election

Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength.
PU Prime | 22h 44min atrás
Week Ahead Anticipate Volatility from U.S. Elections and FOMC Meeting

Week Ahead Anticipate Volatility from U.S. Elections and FOMC Meeting

The markets are on edge with the impending U.S. presidential election and FOMC meeting. These events are major drivers of potential volatility, especially across FX markets and interest rate-sensitive sectors, as traders and investors await critical decisions and possible shifts in economic policy. Let’s break down the anticipated impacts of each factor.
ACY Securities | 1 dia atrás
Daily Global Market Update

Daily Global Market Update

Oil prices dropped after initial gain. AUD, EUR flat, USD/JPY up slightly. Financial news: Intel replaced in Dow Jones, Canadian dollar weakens, Amazon surges. Watch US factory orders, bill auctions and note auction later.
Moneta Markets | 1 dia atrás
Daily Global Market Update

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 | 4 dias atrás
Dollar Pauses as Jobs Data Looms

Dollar Pauses as Jobs Data Looms

Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends.
PU Prime | 4 dias atrás
What Volkswagen Has to Do With The Eurozone Weakness?

What Volkswagen Has to Do With The Eurozone Weakness?

Economic data releases and political events over the coming months could drive the EUR/USD currency pair lower. A key factor is the potential outcome of the US presidential election, specifically the possibility of a victory for Donald Trump and a Republican-controlled Congress (commonly termed a “red sweep”).
ACY Securities | 5 dias atrás