Daily Global Market Update

Bitcoin and Apple rise, Aussie Dollar gains, Gold climbs (overbought). Gold hits 6-month high on USD weakness. Chang Pang resigns amid $4.3B settlement. Upcoming: Australia's Construction, US GDP, Japan's Retail Sales, France's Payrolls.
Moneta Markets | 534 hari yang lalu

Bitcoin's Significant Surge

Bitcoin, paired with the USD, experienced a substantial rise, escalating 1.8% in the last session. The MACD currently suggests a negative outlook, despite the recent gains.

 

 

Apple's Stock Sees Upward Correction

Apple's stock showed a minor improvement, with a 0.3% rise in the last session. The stochastic indicator, however, is projecting a negative signal for future movements.

 

 

Aussie Dollar Gains

The Australian Dollar experienced a gain of 0.5% in the last session. This positive movement is supported by a positive signal from the Ultimate Oscillator.

 

 

Gold Continues to Climb

Gold's performance remains strong, with a 1.2% increase in the last session. The RSI indicator is signaling an overbought market, suggesting potential caution for investors.

 

 

Today's Financial NewsGold continues its upward trajectory, achieving a more than 6-month high, driven by a weakening dollar and expectations that the US Federal Reserve may halt interest rate hikes. Meanwhile, the US dollar hits a 3-month low, signalling potential economic slowdown. In cryptocurrency news, Chang Pang, former CEO of Finance Exchange, steps down from his US-based board position amidst a significant $4.3 billion settlement.

 

Upcoming Economic Events

Here are key economic events to watch out for:

• Australia's Construction Work Done - 0030 hours GMT

• US Gross Domestic Product Annualized - 1330 hours GMT

• Japan's Large Retailer Sales - 2350 hours GMT

• US Gross Domestic Product Price Index - 1330 hours GMT

• Japan's Retail Trade - 2350 hours GMT

• France's Non-Farm Payrolls - 0630 hours GMT

Peraturan: FSA (Seychelles), FSCA (South Africa)
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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 | 14j 56min yang lalu