Daily Global Market Update

GBP/USD steady, potential decline; BTC/USD up 2.2%, Oil rose 3.3%; AUD/USD down 0.3%. Global: Bitcoin > $45,000; Gold stable, Oil up on Middle East tensions. Key events: US Baker Hughes Oil Rig Count, Germany's CPI, Finland's Industrial Output, Austrian Industrial Production, Japan's CFTC JPY NC Net Positions, UK's CFTC GBP NC Net Positions.

Pound's Steady Stance

The Pound Dollar (GBP/USD) pairing remained largely unchanged in the last session. The Relative Strength Index (RSI) is emitting a negative signal, suggesting potential downward pressure.

 

 

Bitcoin's Significant Surge

The Bitcoin Dollar pair experienced a notable increase of 2.2% in the last session. The Ultimate Oscillator is delivering a positive signal, aligning with the broader technical outlook.

 

 

Oil's Price Escalation

The Oil Dollar pair saw a significant rise of 3.3% in the last session. The Ultimate Oscillator is indicating a positive signal, which is consistent with our comprehensive technical analysis.

 

 

AUD's Minor Retreat

The Australian Dollar dropped 0.3% against the US Dollar in the last session. The Commodity Channel Index (CCI) suggests that we are venturing through an oversold market.

 

 

Global Financial Headlines

Bitcoin has surged past the $45,000 mark for the first time since the day following the trading of spot ETFs in January. Gold prices have stabilized amid discussions from US Federal Reserve officials regarding the market's anticipation of early interest rate cuts, offsetting safe-haven demand amidst ongoing talks to conclude the Gaza conflict. Oil prices have increased following Israel's refusal of a ceasefire offer from Hamas, maintaining market tension due to the wider Middle Eastern conflicts that have been ongoing since October.

 

Today's Economic Highlights

Here's a glance at today's key economic events:

• US Baker Hughes US Oil Rig Count - 1800 hours GMT

• Germany's Harmonized Index of Consumer Prices - 0700 hours GMT

• Finland's Industrial Output - 0600 hours GMT

• Austrian Industrial Production - 0800 hours GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

Reglamento: FSA (Seychelles), FSCA (South Africa)
read more
ATFX Market Outlook 29th May 2025

ATFX Market Outlook 29th May 2025

The Federal Reserve’s meeting minutes highlighted concerns over persistent inflation and slowing job growth, reinforcing its cautious stance on interest rates. U.S. equity indices closed lower on Wednesday as investors digested the Fed’s minutes, and semiconductor stocks slumped late in the session. The Dow Jones fell 0.58%, the S&P 500 lost 0.56%, and the Nasdaq dropped 0.51%.
ATFX | hace 7h 42min
ATFX Market Outlook 28th May 2025

ATFX Market Outlook 28th May 2025

April saw the most significant decline in durable orders in six months, amid persistent uncertainties about tariffs. However, a rebound in the Conference Board’s Consumer Confidence Index provided a pleasant surprise. U.S. equities surged on Tuesday, buoyed by President Trump’s signals on tariff relief and improving consumer sentiment.
ATFX | hace 1
Currencies Dance, Markets Move: May 27, 2025

Currencies Dance, Markets Move: May 27, 2025

Global financial markets on May 27, 2025, are navigating a complex landscape of US fiscal concerns, central bank policy divergence, and geopolitical tensions. The US Dollar (DXY at 98.80) remains under pressure near a one-month low due to fears surrounding Trump’s $3.8T tax bill and a Moody’s credit downgrade, lifting AUD/USD to 0.6490 and GBP/USD to a 39-month high near 1.3570.
Moneta Markets | hace 2
Yen Surges, Pound Shines: May 26, 2025

Yen Surges, Pound Shines: May 26, 2025

Global financial markets on May 26, 2025, are driven by US fiscal concerns, central bank policy divergence, and easing trade tensions. The US Dollar (DXY at 99.70) hits a one-month low amid deficit fears from Trump’s $4T tax bill, lifting GBP/USD to a multi-year high above 1.3550 and pressuring USD/CAD below 1.3700.
Moneta Markets | hace 3
Pound Falls, Euro Dips: May 22, 2025

Pound Falls, Euro Dips: May 22, 2025

Global financial markets on May 22, 2025, are shaped by persistent US fiscal concerns, mixed economic data, and geopolitical uncertainties. Hot UK inflation (3.5% YoY) lifts GBP/USD near a three-year high, while weak Eurozone PMI data (Composite 49.5) pressures EUR/USD and EUR/JPY.
Moneta Markets | hace 6