Daily Global Market Update
Pound's Modest Rise Against the Dollar
The GBP/USD pair witnessed a slight uptick in the last session, increasing by 0.1%. The Commodity Channel Index (CCI) indicates a positive trend.
Bitcoin's Volatile Session
Bitcoin experienced a drop of 0.7% against the dollar in the last session, despite an intraday high of 4.5%. The Stochastic RSI is currently signalling positive.
Oil's Remarkable Surge
The Oil/USD pair saw a significant jump, soaring by 2.1% in the last session. The CCI suggests a continuing positive trend.
AUD/USD's Slight Downturn
The Australian Dollar experienced a minor decline of 0.2% against the US Dollar in the last session. The MACD is currently showing a negative signal.
Global Financial Headlines
Bitcoin spot exchange-traded funds witnessed an exceptional start, with trading volume hitting around $1.6 billion just minutes after the opening. Japan's Nikkei 225 Index reached a new 34-year high, surpassing 34,000 points. Investors are closely watching the Bank of Japan's policy normalisation. Gold prices edged higher as the dollar weakened, with markets awaiting the U.S. inflation report for further clues on the Federal Reserve's monetary policy.
Upcoming Economic Highlights
Today's major economic releases include:
• UK's Manufacturing Production - 0700 hours GMT
• Japan's Eco Watchers Survey (Current) - 0500 hours GMT
• Finland's Current Account - 0600 hours GMT
• US USDA WDE Report - 1700 hours GMT
• UK's Gross Domestic Product - 0700 hours GMT
• Japan's Eco Watchers Survey (Outlook) - 0500 hours GMT
GBP/USD’s bullish streak hits a wall
GBP/USD in a Strong Position: Sterling Rallies on Trade News and Robust Data
Currencies Dance, Markets Move: May 27, 2025
Yen Surges, Pound Shines: May 26, 2025
Pound shines as strong data limits room for BoE’s rate cut
Pound Falls, Euro Dips: May 22, 2025
Sterling Strengthens Weak US Dollar and UK Inflation Provide Support
