Analysis

Daily Global Market Update

Daily Global Market Update

Pound dipped 0.4% vs. USD, but MACD signals potential reversal. Bitcoin rose 0.2%, with Ultimate Oscillator indicating bullishness. Oil-dollar pair stable, but Williams Percent Range signals overbought conditions. Aussie dollar recovered 0.1%, with Stochastic RSI suggesting oversold market.
Moneta Markets | 147 days ago
Dollar Surge on High PPI Reading

Dollar Surge on High PPI Reading

The dollar index (DXY) climbed to a two-week high, reaching the 107.00 mark, following the release of U.S. economic data. While initial unemployment claims rose to 242,000, concerns over a rebounding PPI reading have fueled speculation that the Fed may adopt a more hawkish stance ahead of next week’s monetary policy decision.
PU Prime | 147 days ago
ATFX Market Outlook 12th December 2024

ATFX Market Outlook 12th December 2024

In November, the US Consumer Price Index (CPI) saw a month-on-month increase, like in July, but the Federal Reserve is still expected to cut interest rates for the third time next week. On Wednesday, the S&P 500 index rose significantly, driven by technology stocks that pushed the Nasdaq to a new high. The Dow futures trade closed fell 0.22%, but the S&P 500 increased by 0.82%, and the Nasdaq rose
ATFX | 148 days ago
Daily Global Market Update

Daily Global Market Update

The Euro weakened against the Dollar, while the Dollar strengthened against the Yen. Gold and Meta stock rose. The Canadian dollar strengthened after a rate cut with hawkish guidance. Wall Street rallied, led by tech stocks. Key economic events to watch include US CPI, Bank of Canada's Monetary Policy Report, Eurozone Industrial Production, UK GDP, and Japan Machinery Orders.
Moneta Markets | 148 days ago
Soft CPI Reading, Reinforces Fed Rate Cut

Soft CPI Reading, Reinforces Fed Rate Cut

Yesterday's US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs.
PU Prime | 148 days ago
ATFX Market Outlook 10th December 2024

ATFX Market Outlook 10th December 2024

Opinion Today: Dow futures were little changed on Tuesday after Nasdaq Composite retreated from record highs, weighed down by a sharp decline in Nvidia.WTI crude oil futures climbed above $68 per barrel, driven by optimism over China's shift toward a looser monetary policy and geopolitical uncertainty in the Middle East. Gold price trades below the two-week top; the downside seems protected
ATFX | 149 days ago
USD rose on payrolls, gold up on Syria tensions.

USD rose on payrolls, gold up on Syria tensions.

Last Friday, the US dollar index first fell and then rose. It fell to a intraday low of 105.39 before the US market, then quickly rebounded and briefly returned to above the 106 level, but failed to stabilize at this point. Eventually, it closed up 0.23% at 105.94
CWG Markets | 149 days ago
Daily Global Market Update

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 | 149 days ago
All Eye on Today’s CPI

All Eye on Today’s CPI

Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist.
PU Prime | 149 days ago
Commodity Market Outlook: December 2024

Commodity Market Outlook: December 2024

As 2024 concludes, the commodity markets face a unique blend of economic policies, geopolitical pressures, and evolving supply-demand dynamics. Here's a breakdown of the key developments shaping the landscape.
ACY Securities | 149 days ago
FX Market Insights and Bitcoin’s Path Beyond $100K

FX Market Insights and Bitcoin’s Path Beyond $100K

As 2024 concludes, global financial markets find themselves at pivotal crossroads. From shifts in major currency pair trends to Bitcoin breaking through the $100,000 milestone, this year has been a testament to the evolving dynamics of both traditional and digital markets. Let’s explore the most significant developments shaping these realms and what lies ahead.
ACY Securities | 149 days ago