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.

Moneta Markets | 467 days ago

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

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

UK’s inflation surge puts BoE closer to Fed

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: UK’s inflation surge puts BoE closer to Fed

FxPro | 17h 31min ago

Big Calls and Bigger Shifts: Inside Week 11 of EBC’s Million Dollar Trading Challenge II

EBC’s Million Dollar Trading Challenge II heats up with bold trades, strong risk management, and rising stars pushing limits for a thrilling finale ahead.

EBC Financial Group | 1 day ago

ATFX Market Outlook 21st May 2025

On Tuesday, Federal Reserve officials warned that U.S. tariff hikes could drive prices higher, though it remains unclear whether the impact on inflation will be short-lived or persistent. U.S. stocks declined, ending the S&P 500’s six-day rally, as rising Treasury yields and concerns over sovereign debt weighed on market sentiment.

ATFX | 1 day ago

Dollar Falls, Pound Gains: May 15, 2025

Global financial markets on May 20, 2025, are driven by central bank actions and geopolitical developments, with focus on the RBA’s press conference post-rate cut, PBoC’s LPR reduction, and potential Russia-Ukraine ceasefire talks.

Moneta Markets | 1 day ago

GBPUSD exits bearish channel

GBPUSD increases odds of bullish continuation . A break above 1.3440 could hand over control to the bulls.

XM Group | 1 day ago

ATFX Market Outlook 20th May 2025

Different Federal Reserve officials made speeches, issuing warnings on the impact of the U.S. sovereign credit rating downgrade as well as market volatility, as they continue to work in a very uncertain economic environment. Stocks in the U.S. closed nearly even on Monday, with the market mood dampened following the comments on the U.S. credit rating downgrade.

ATFX | 2 days ago

Weekly Technical Outlook – AUDUSD, GBPUSD, US 500 index

AUDUSD dips below 200-SMA, awaits RBA policy announcement. GBPUSD strengthens as Britain secures trade deals, UK CPI and flash PMI on the agenda. US 100 index comes under pressure following Moody’s US downgrade.

XM Group | 2 days ago

ATFX Market Outlook 19th May 2025

Despite a sharp decline in consumer sentiment, U.S. stocks extended gains on Friday, supported by optimism over the recent U.S.-China tariff truce. The University of Michigan survey showed May confidence fell to a three-year low, while 12-month inflation expectations surged to their highest since 1981.

ATFX | 3 days ago

EURUSD	1.13204	GBPUSD	1.34193	AUDUSD	0.64374
USDJPY	143.327	USDCAD	1.38561	USDCHF	0.82567