Daily Global Market Update
Gold's Decline
The gold-dollar pair experienced a drop of 0.5% in the last session. The MACD indicator is giving a negative signal.
Euro/USD Pair's Minor Dip
The EUR/USD pair saw a slight dip of 0.2% in the last session. The RSI is giving a negative signal.
Pound/USD Pair's Sideways Trading
The GBP/USD pair traded sideways in the last session. The Stochastic indicator is showing a negative signal.
Bitcoin's Significant Drop
Bitcoin fell by 1.5% against the dollar in the last session. The Stochastic RSI is indicating a negative signal.
Global Financial Headlines
The S&P 500 closed barely higher after a choppy trading session, as investors awaited major technology company earnings, a Federal Reserve policy decision on interest rate cuts, and key US labour data due this week. Solana's price is set to end July with a 30% monthly return and is poised to challenge its yearly high of around $210 over the coming weeks. Despite recent pullbacks, the S&P 500 Tech sector is trading near a two-decade high reached earlier this month, with a focus on valuations of tech giants like Nvidia and Microsoft.
Upcoming Economic Highlights
Today's major economic events include:
• French Gross Domestic Product - 0530 GMT
• Eurozone Business Climate - 0900 GMT
• UK 10-Year Bond Auction - 0900 GMT
• US JOLTS Job Openings - 1400 GMT
• Japan Large Retailer Sales - 2350 GMT
• Australia Retail Sales - 1300 GMT
EUR/USD Unchanged Amid Mixed News and Lingering Risks
ATFX Market Outlook 16th May 2025
GBP/USD at a Crossroads: Momentum Needed for New Buying Opportunities
GBPUSD Analysis: The Fed Still Has Expectations of Cuts This Year
Week 10 of EBC’s Million Dollar Trading Challenge II: Bold Moves, Big Lessons
German economic sentiment rebound supports the euro
US Dollar Roars Back in a Blaze of Glory as Market Shrugs Off Recession Fears
