Daily Global Market Update

Bitcoin, MetaStock, Aussie dollar, and gold fell. Oil prices dropped, Canadian dollar weakened. Ex-Binance CEO jailed. Key events: UK's 10y Bond Auction, US ADP Employment Change, Japan's BOJ Monetary Policy Meeting Minutes, Japan's Jibun Bank Manufacturing PMI, Dutch Market Manufacturing PMI, Dutch Retail Sales.

Moneta Markets | hace 42

Bitcoin's Significant Decline

The Bitcoin to USD pair experienced a notable decline of 5.7% in the last session. The CCI suggests an oversold market condition.

MetaStock's Slight Decrease

MetaStock experienced a minor fall of 0.3% in the last session. According to the Stochastic RSI, the market is oversold.

Aussie Dollar's Significant Drop

The Aussie dollar pair plummeted by 1.2% in the last session. The ROC is signaling a positive outlook.

Gold's Significant Dive

The gold-dollar pair dove 2% in the last session. The stochastic indicator is giving a negative signal.

Market News Highlights

Oil prices fell by 1%, extending losses, driven by rising US crude production and hopes of an Israeli-Hamas ceasefire. The Canadian dollar weakened to an 11-day low on slower-than-expected domestic economic growth, fueling speculations of deeper rate cuts by the Bank of Canada compared to the Federal Reserve. Former Binance CEO Changpeng Zhao has been sentenced to 4 months in prison for violating US money laundering laws.

Today's Major Economic Events

Here are today's major economic events:

• UK's 10y Bond Auction - 9:00 GMT

• US ADP Employment Change - 12:15 GMT

• Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT

• Japan's Jibun Bank Manufacturing PMI - 03:00 GMT

• Dutch Market Manufacturing PMI - 05:00 GMT

• Dutch Retail Sales - 04:30 GMT

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

Tags: Análisis

Soft CPI Hammers Dollar

the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite.

PU Prime | hace 16 minutos

Slower US inflation clears the way for a rate cut

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Slower US inflation clears the way for a rate cut

FxPro | hace 17h 15min

Fed can end US Indices’ divergence

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Fed can end US Indices’ divergence

FxPro | hace 17h 27min

Traders lock gaze on US inflation and Fed decision

Dollar awaits US CPI data and Fed projections - Euro still feels the heat of EU elections - Nasdaq and S&P 500 hit fresh records ahead of Fed

XM Group | hace 21h 21min

Euro hits monthly low amid political instability in France

The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections.

RoboForex | hace 21h 43min

EBC Markets Briefing | US stocks notch records before Fed decision

Nasdaq 100 and S&P 500 hit all-time highs Tuesday. Investors expect no Fed rate change, but the FOMC will release its economic projections.

EBC Financial Group | hace 22h 13min

EBC Daily Snapshot Jun 11, 2024

Tuesday saw the dollar near a one-month high versus the euro and a one-week peak against the yen, backed by strong job figures last week.

EBC Financial Group | hace 22h 13min

The U.S. dollar: how will the Fed's key rate decision affect it?

At its May meeting, the Federal Reserve maintained the target range for the federal funds rate at 5.25%-5.50%, marking the sixth consecutive time it has remained unchanged. The likelihood of a Fed rate cut in September has increased significantly, rising from 50% to 70% during the first week of June due to indicators of a cooling labour market and downward revisions in labour costs.

OctaFX | hace 22h 13min

EURUSD	1.08033	GBPUSD	1.27792	AUDUSD	0.6642
USDJPY	157.233	USDCAD	1.37443	USDCHF	0.8953