Daily Global Market Update

Bitcoin declined due to bearish MACD signals. Alibaba's stock was stable with a bullish MACD. The Aussie Dollar weakened, oversold by CCI. Gold surged on geopolitical tensions and rate cut expectations, with a bullish Ultimate Oscillator. Global markets saw mixed trends, with Microsoft rejecting Bitcoin addition.
Moneta Markets | 156 days ago
Stocktwits

Bitcoin's Decline in the Market

The Bitcoin-Dollar pair fell by 2.2% in the last trading session. The MACD is giving a negative signal, indicating potential bearish momentum.

 

 

Alibaba's Stable Performance

Alibaba's stock remained largely unchanged in the last session. The MACD is giving a positive signal, suggesting upward momentum in the near term.

 

 

Aussie Dollar's Decline

The Australian Dollar fell by 0.8% against the US Dollar in the last session. According to the CCI, the market is in an oversold condition, indicating a potential reversal.

 

Gold's Remarkable Surge

The Gold-Dollar pair soared by 1.2% in the last session. The Ultimate Oscillator is giving a positive signal, reflecting strong bullish momentum.

 

Global Financial Updates

Gold prices reached a two-week high amid rising geopolitical tensions and expectations of a third US rate cut by the Federal Reserve next week. The Canadian Dollar strengthened slightly against the US Dollar as oil prices rose. Microsoft shareholders recently rejected a proposal to add Bitcoin to the company's balance sheet, with the board deeming the move unnecessary.

 

Upcoming Economic Events

Key economic events to watch for this week include:

• US Inflation Data - 1330 GMT

• Bank of Canada Rate Decision - 1500 GMT

• Japan's Machine Tool Orders - 0600 GMT

• UK GDP Estimate - 0700 GMT

• Eurozone Industrial Production - 1000 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
Tags: Analysis
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ATFX Market Outlook 16th May 2025

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 | 19h 7min ago
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