Daily Global Market Update

Currency and commodity pairs gained momentum. Pound-dollar, Bitcoin-dollar, and oil-dollar pairs rose, while the Aussie dollar pair corrected. Major financial news: potential SEC rejection of ether ETFs, Swiss National Bank's record profit, and rising oil prices amid Middle East tensions.

Pound Dollar Pair's Positive Momentum

The pound experienced a 0.4% rise against the dollar in the latest trading session. The Rate of Change (ROC) indicator is signaling a positive outlook.

 

 

Bitcoin's Positive Momentum

The Bitcoin-dollar pair saw a 0.9% increase in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Oil's Upward Surge

The oil-dollar pair surged by 1.3% in the recent session. The Stochastic RSI is indicating a positive trend.

 

 

Aussie Dollar's Correction

The Aussie dollar pair made a minor correction, gaining 0.2% in the last session. The Commodity Channel Index (CCI) is indicating positivity.

 

 

World Financial Headlines

The United States Securities and Exchange Commission is expected to reject spot ether exchange-traded funds in May, according to reports. Meanwhile, the Swiss National Bank reported a record quarterly profit of 58.8 billion Swiss francs, attributed to a weakening franc and booming equity markets. Oil prices rose amid concerns of supply disruptions in the Middle East, as Israel escalated air strikes on Gaza. The comments from the US Treasury Secretary about the economy's performance also influenced market sentiments.

 

Upcoming Economic Events

Here are today's major economic events:

• Japan's BOJ Interest Rate Decision - 3 GMT

• Spain's Retail Sales - 7 GMT

• UK CFTC GBP NC Net Positions - 1930 GMT

• Japan's BOJ Monetary Policy Statement - 3 GMT

• US Personal Spending - 1230 GMT

• Australia's Export Price Index - 1:30 GMT

read more
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 | 1日前