Daily Global Market Update

Gold price dipped 0.4% while major currencies saw slight gains against USD. Bitcoin also declined. Wall Street rose with tech giants leading the way. Tether launched a gold-backed stablecoin. Upcoming economic reports include Germany ZEW survey, Japan exports, US retail sales, and Australia's RBA decision.
Moneta Markets | 333 dias atrás

Gold's Decline Amid Market Volatility

Gold experienced a decrease of 0.4% against the dollar in the last session. The RSI is indicating a negative trend in the market.

 

 

Euro's Slight Uptick

The Euro experienced a minor gain of 0.2% against the dollar in the last session. The CCI is currently showing a positive signal.

 

 

Pound's Minor Correction

The Pound Dollar pair experienced a slight increase of 0.1% in the last session. The Williams R indicator is giving a positive signal.

 

 

Bitcoin's Recent Downturn

Bitcoin saw a decline of 0.3% against the dollar in the last session. The Stochastic indicator is showing a negative trend.

 

 

Global Financial Headlines

Wall Street's main indexes experienced a rise amidst volatile trading, with significant gains by mega caps like Apple and Microsoft. Tether has announced a gold-backed stable coin, 'Alloy', minable on its new platform. GameStop's shares fell after plans for operating a smaller store network were discussed by CEO Ryan Cohen without specifying the use of its cash reserves.

 

Upcoming Economic Highlights

Here’s a brief rundown of today’s anticipated economic releases:

• Germany's ZEW Survey Current Situation - 0900 GMT

• Japan's Exports - 2350 GMT

• US Retail Sales - 1230 GMT

• Australia's RBA Interest Rate Decision - 0430 GMT

• Australia's RBA Rate Statement - 0430 GMT

• Eurozone's Eurogroup Meeting - 0700 GMT

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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 | 1 dia atrás