Daily Global Market Update

The GBP/USD gained 0.3%, Bitcoin rose 1.6% despite caution from CCI, and oil dropped 0.7% as RSI signals further downside. The AUD/USD increased 0.2% but shows overbought signs. Trump formed a crypto group, unemployment claims rose, and oil fell 1% after his OPEC comments. Key global data is expected, including US oil rig counts and Japan's PMIs.

Pound's Positive Momentum

The GBP/USD pair rose by 0.3% in the last session. The Stochastic indicator is providing a positive signal, suggesting potential continued upward momentum.

 

 

Bitcoin's Rally

The Bitcoin/USD pair surged by 1.6% in the last session. However, the Commodity Channel Index (CCI) indicates a negative signal, warranting caution.

 

 

Oil's Decline

US crude oil prices fell by 0.7% in the last session. The Relative Strength Index (RSI) is showing a negative signal, indicating potential further downside.

 

 

Aussie Dollar's Modest Gain

The AUD/USD pair saw a slight increase of 0.2% in the last session. According to the Williams Percent Range indicator, the market appears overbought.

 

 

Global Financial Headlines

US President Donald Trump signed an executive order to establish a cryptocurrency working group, fulfilling his campaign promise to support the sector. In the labour market, the number of Americans filing for unemployment benefits rose slightly, reinforcing expectations that the Federal Reserve will not cut interest rates at its next meeting. Oil prices declined by 1% following Trump's remarks at the World Economic Forum, urging OPEC to reduce prices and emphasising global energy market uncertainties.

 

Upcoming Economic Highlights

Key economic events to watch include:

• US Baker Hughes Oil Rig Count - 18:00 GMT

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

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

• Finland's Unemployment Rate - 06:00 GMT

• Finland's Producer Price Index - 06:00 GMT

• UK's GfK Consumer Confidence - 01:00 GMT

規則: FSA (Seychelles), FSCA (South Africa)
read more
Tariffs Ignite Safe-Haven Rally

Tariffs Ignite Safe-Haven Rally

Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets | 1天前
ATFX Market Outlook 6th May 2025

ATFX Market Outlook 6th May 2025

U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX | 1天前
USDJPY, GBPUSD, Oil

USDJPY, GBPUSD, Oil

Fed policy meeting to leave rates on hold; Will USDJPY recover ground?; BoC to cut rates by 25bps; GBPUSD ticks up; OPEC+ speeds up increases; WTI opens with bearish gap
XM Group | 2天前
ATFX Market Outlook 5th May 2025

ATFX Market Outlook 5th May 2025

Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.
ATFX | 2天前
Daily Market Update: May 2, 2025

Daily Market Update: May 2, 2025

Global financial markets on May 2, 2025, are bracing for the US Nonfarm Payrolls (NFP) report, with expectations of moderated job growth at 130K amid economic uncertainty.
Moneta Markets | 5天前
ATFX Market Outlook 2nd May 2025

ATFX Market Outlook 2nd May 2025

Markets rallied overnight on upbeat sentiment. The U.S. Dollar Index extended gains for a third session, reclaiming the 100 mark to close at 100.18, supported by optimism over trade talks and stronger-than-expected ISM manufacturing data. U.S. Treasury yields climbed across the curve, with the 10-year yield at 4.221% and the 2-year at 3.709%. 
ATFX | 5天前