Daily Global Market Update

Gold prices plummeted alongside Bitcoin, while the Euro and Pound saw modest gains. The S&P 500 and Nasdaq declined amid competition for AI dominance. Nvidia faces pressure from cheaper AI alternatives. MicroStrategy plans to raise funds through a stock offering, likely to be used for further Bitcoin accumulation. Siemens Energy reported strong Q1 revenue growth.
Moneta Markets | 108 hari yang lalu

Gold's Significant Decline

The gold-dollar pair plummeted by 1.2% in the last session. The Stochastic indicator is signalling a negative trend.

 

 

Euro's Slight Uptick

The EUR/USD pair experienced a minor rise of 0.2% during the last session. The MACD is signalling a positive trend.

 

 

Pound's Modest Increase

The GBP/USD pair recorded a slight rise of 0.1% in the last session. The MACD indicator is currently giving a positive signal.

 

 

Bitcoin's Notable Drop

The Bitcoin-dollar pair fell by 2.9% during the last session. The Rate of Change (ROC) indicator is giving a negative signal.

 

 

Global Financial Headlines

The S&P 500 and NASDAQ saw declines as a low-cost Chinese AI model gained traction. Chipmaker Nvidia faced pressure from competitors using less expensive hardware and data.Business intelligence firm MicroStrategy announced a stock offering to raise funds for general purposes, including accumulating more Bitcoin. The company plans to issue 2.5 million units of Perpetual Strike Preferred Stock.Siemens Energy, the leading offshore wind turbine maker, reported Q1 revenue of $9.4 billion, reflecting an 18.4% year-on-year growth, slightly exceeding market expectations.

 

Upcoming Economic Highlights

Key economic events to monitor today include:

• US Red Book Index - 1355 GMT

• Irish Retail Sales - 1100 GMT

• Spain's Unemployment Survey - 0800 GMT

• US S&P/Case-Shiller Home Price Indices - 1400 GMT

• US API Weekly Crude Oil Stock - 2130 GMT

• French Consumer Confidence - 0745 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.
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US 100, EURUSD, GBPUSD

US 100, EURUSD, GBPUSD

US-China trade talks send Wall Street sharply higher; US CPI on calendar; EURUSD tumbles ahead of Eurozone GDP; US-UK trade deal and UK GDP in focus; GBPUSD below 1.3200
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