Daily Global Market Update

Bitcoin fell 0.4% against the dollar, Facebook's stock rose 0.2% with a bearish outlook, the Aussie dropped 0.3% with a bearish signal, and the gold-dollar pairing slumped 0.8% with a bearish view. Energy stocks rose due to Russia's export hint. The Bank of England is expected to keep a 5.25% bank rate until at least July. Exchange Finance is reopening to Belgian users after a ban.

Bitcoin's Downtrend Continues

Bitcoin noted a descent of 0.4% against the dollar in the preceding trading session. The Stochastic RSI suggests the market is in an oversold territory.

 

 

Facebook's Minor Recovery

Facebook's stock observed a modest rise of 0.2% in its last trading session. However, the RSI is highlighting a bearish outlook.

 

 

Aussie's Decline

The Aussie marked a 0.3% drop against the dollar in its recent trading session. The Stochastic signals a bearish market.

 

 

Gold-Dollar Tandem's Dip

The gold-dollar pairing witnessed a slump of 0.8% in its last trading encounter. The MACD presents a bearish perspective.

 

 

Global Financial News

Energy stocks primarily surged after Russia hinted at easing its fuel export ban. The Bank of England is expected to retain the bank rate of 5.25% until at least July, as per economists' predictions. Meanwhile, Exchange Finance is set to welcome back its Belgian users, three months post the cessation notice by Belgium's finance authority.

 

Economic Highlights for the Day

Anticipated economic disclosures for the day include:

• U.S Durable Goods Orders - 1230 GMT

• U.S Non-Defense Capital Goods Orders - 1230 GMT

• Germany's GfK Consumer Confidence Survey - 0600 hours GMT

• Finland's Consumer Confidence - 0500 hours GMT

• Japan's Coincident Index - 0500 hours GMT

• Japan's Leading Economic Index - 0500 hours GMT

Reglamento: FSA (Seychelles), FSCA (South Africa)
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ATFX Market Outlook 16th May 2025

ATFX Market Outlook 16th May 2025

U.S. retail sales increased at a much weaker rate in April as the pre-tariff scramble to purchase automobiles exhausted itself and shoppers trimmed other spending in the face of growing economic uncertainty. In addition, Federal Reserve Chairman Jerome Powell stated the Fed needs to reconsider its existing employment and inflation paradigm within monetary policy.
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