Daily Global Market Update

Bitcoin down 0.4%, Tesla -0.8%, Aussie Dollar -0.8%, Gold -0.1%. Saudi Arabia may extend OPEC+ cuts amid recession. US dollar at 10-month peak; Euro, Pound, Yen down. Upcoming: US ADP Employment, ISM PMI, Eurozone Retail Sales & Producer Price Index, Japan Bank Services PMI, Foreign Bond Investment.

Moneta Markets | hace 590

Bitcoin's Ambiguous Movements

Bitcoin experienced a descent of 0.4% paired against the dollar during the last trading session. The stochastic indicator alludes to an optimistic market outlook.

Tesla's Stock Dip

Tesla's shares recorded a drop of 0.8% in the preceding trading session. Current data suggests a bearish market condition.

Aussie Dollar's Decline

The Australian Dollar registered a 0.8% dip against the dollar in the recent trading engagement. As per the Williams_R indicator, the market appears to be oversold.

Gold's Minor Setback

Gold paired with the dollar witnessed a marginal decline of 0.1% in the latest session. The stochastic indicator indicates an oversold market.

Oil and Economic Updates

Saudi Arabia is considering prolonging cuts in the upcoming OPEC+ meeting. This decision aims at bolstering oil prices, especially given that the nation's economy is grappling with a recession, intensified by a 25% year-to-year slump in mining sector activities. Additionally, the US dollar recently surged to its zenith in the past 10 months against a spectrum of rival currencies. The Euro, Pound, and Yen have all plummeted to multi-month lows.

Anticipated Economic Releases

Here's a brief glance at today’s forthcoming economic publications:

• US ADP Employment Change - 1215 hours GMT

• US ISM Services PMI - 1400 hours GMT

• Eurozone's Retail Sales - 0900 hours GMT

• Eurozone's Producer Price Index - 0900 hours GMT

• Japan's Bank Services PMI - 0030 GMT

• Japan's Foreign Bond Investment - 2350 GMT

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

Tags: Análisis

Is the market underestimating XRP’s breakout potential?

Bitcoin is making waves above $100K. Ethereum has the ETF crowd buzzing. But XRP? It’s quietly gearing up for what could be its biggest move yet - and most people aren’t paying attention.

Deriv | hace 7h 48min

Crypto market close to a top, with the possibility of a slight decline

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market close to a top, with the possibility of a slight decline

FxPro | hace 8h 23min

EBC Markets Briefing | EU firms yet to get out of the hole

European shares closed higher Thursday, led by industrials. Despite the new trade truce, uncertainty still clouds European firms' outlook.

EBC Financial Group | hace 9h 44min

Dollar extends pullback, stocks mixed as markets lack direction

Dollar close to reversing weekly gains as trade euphoria fizzles out. But stocks maintain some momentum as Fed rate cut bets get small boost. Gold headed for weekly losses as it struggles to bounce back.

XM Group | hace 11h 12min

Surprising US price weakness and renewed dollar drowning

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Surprising US price weakness and renewed dollar drowning

FxPro | hace 13h 19min

EUR/USD Unchanged Amid Mixed News and Lingering Risks

The EUR/USD pair remained steady near 1.1196 on Friday, closing the week with little movement.

RoboForex | hace 13h 34min

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.

ATFX | hace 18h 38min

EBC’s Million Dollar Trading Challenge II | Newcomer’s $544,000 Day Sets New Benchmark in EBC Challenge

On May 15, 2025, EBC's Trading Challenge saw huge gains as one trader made $544K in a day, with others profiting from gold’s sharp drop.

EBC Financial Group | hace 1

EURUSD	1.11549	GBPUSD	1.32809	AUDUSD	0.64069
USDJPY	145.873	USDCAD	1.39826	USDCHF	0.83882