Daily Global Market Update

Gold edged up slightly but technical indicators suggest a potential decline. The Euro remained stable with negative momentum. The Pound gained ground despite negative signals. Bitcoin surged significantly with positive momentum. US stocks rose on rate cut hopes. Crypto markets rallied, attracting record inflows. SoftBank pledged a $100 billion US investment.

Moneta Markets | 142 days ago

Gold's Minor Rise

The gold-dollar pair saw a minor rise of 0.1% in the last session. The Stochastic indicator is giving a negative signal.

Euro's Stability

The EUR/USD price remained largely unchanged in the last session. The ROC indicator is giving a negative signal.

Pound's Strong Gain

The GBP/USD pair rose 0.4% against the dollar in the last trading session. The Stochastic RSI is giving a negative signal.

Bitcoin's Strong Surge

The Bitcoin-dollar pair skyrocketed 2.6% in the last session. The ROC indicator is giving a positive signal.

Global Financial Headlines

The S&P 500 and NASDAQ rose as investors looked forward to an anticipated Federal Reserve interest rate cut later this week. Several key data releases are expected to provide insights into next year’s monetary policy.

Cryptocurrency markets continue to rally as Bitcoin reaches new highs, marking the tenth consecutive week of inflows for digital asset investment products. Crypto investment firm CoinShares reported inflows totalling $3.2 billion for the week of December 9th to 13th.

In other news, SoftBank CEO Masayoshi Son, alongside President-elect Donald Trump, announced a $100 billion investment in the US over the next four years. This investment aims to create 100,000 jobs, primarily focusing on AI technology.

Upcoming Economic Highlights

Traders should prepare for a busy economic calendar, with significant data releases over the next few days:

• Japan’s Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• UK's BRC Retail Sales - 0001 GMT

• Japan’s Overall Household Spending - 2330 GMT

• Eurozone’s Unemployment Rate - 1000 GMT

• Germany’s Industrial Production - 0700 GMT

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GBPUSD Analysis: Pound Potentially Form a Head & Shoulders

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for May 8th, 2025.

Ultima Markets | 21h 6min ago

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 | 2 days ago

GBPUSD shows bullish spark, but key resistance nearby

GBPUSD sends mixed signals near key support area of 1.3250. Bulls need a decisive close above 1.3285.

XM Group | 2 days ago

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 | 2 days ago

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 | 3 days ago

EUR/USD tests key support in bid for upside

EUR/USD meets familiar support and returns above 1.1300. Technical Signals don’t yet confirm a meaningful rally. Sellers may stay on the sidelines until price falls below 1.1200.

XM Group | 3 days ago

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 | 4 days ago

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 | 7 days ago

EURUSD	1.12205	GBPUSD	1.3226	AUDUSD	0.64018
USDJPY	145.594	USDCAD	1.39234	USDCHF	0.8318