Daily Global Market Update

Bitcoin dipped slightly, while Tesla shares faced overbought conditions. The Aussie dollar and gold showed positive momentum. OPEC's increased oil output and Fed's dovish stance impacted currencies. Cryptocurrency exchanges thrived in 2024, with Binance leading. Key economic events include Japan's labor earnings, US retail sales, UK's BRC sales, Eurozone's GDP, and Germany's industrial production.
Moneta Markets | 113 dagar sedan

Bitcoin's Minor Decline

Bitcoin dipped slightly by 0.1% against the dollar in the last trading session. The Williams Percent Range indicator is currently signalling a negative trend.

 

 

Tesla Shares Face Overbought Conditions

Tesla shares dropped by 0.6% in the last session. The Commodity Channel Index (CCI) suggests the market is in an overbought condition.

 

 

Aussie Dollar's Positive Momentum

The AUD/USD pair rose by 0.2% in the last session. The MACD is giving a positive signal, indicating potential bullish momentum.

 

 

Gold's Minor Upward Correction

The gold-dollar pair experienced a slight rise of 0.1% in the last session. The MACD is indicating a positive trend, reflecting bullish sentiment in the market.

 

 

Key Market Highlights

OPEC oil output increased for the second consecutive month, driven by Libya's production recovery amidst resolved political tensions. Sterling strengthened against the dollar following dovish comments by the Federal Reserve, while the euro held steady due to ongoing political uncertainty in France. Cryptocurrency exchanges saw significant growth in 2024, with Binance leading the surge in average daily Bitcoin deposits, outpacing Kraken and Coinbase.

 

Upcoming Economic Events

Traders should keep an eye on the following economic updates:

• Japan's Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• UK's BRC Retail Sales - 0001 GMT

• Eurozone's GDP Growth - 1000 GMT

• Germany's Industrial Production - 0700 GMT

Förordning: FSA (Seychelles), FSCA (South Africa)
read more
USDJPY, GBPUSD, AUDUSD

USDJPY, GBPUSD, AUDUSD

US Core PCE index takes center stage; USDJPY eyes upside recovery; UK CPI on Wednesday expected to stay within target range; GBPUSD gains; Australia's CPI projected to hold steady; AUDUSD edges upward
XM Group | 2 dagar sedan
Global markets on March 13, 2025, shaped by a subdued US Dollar and escalating concerns over a potential trade war

Global markets on March 13, 2025, shaped by a subdued US Dollar and escalating concerns over a potential trade war

Global markets on March 13, 2025, are shaped by a subdued US Dollar and escalating concerns over a potential trade war, driven by new tariffs under the Trump administration. Investors are adopting a cautious stance, with safe-haven assets gaining traction and attention turning to the upcoming US Producer Price Index (PPI) inflation data, which could steer market direction later today.
Moneta Markets | 13 dagar sedan
Global markets on March 13, 2025, shaped by a subdued US Dollar and escalating concerns over a potential trade war

Global markets on March 13, 2025, shaped by a subdued US Dollar and escalating concerns over a potential trade war

Global markets on March 13, 2025, are shaped by a subdued US Dollar and escalating concerns over a potential trade war, driven by new tariffs under the Trump administration. Investors are adopting a cautious stance, with safe-haven assets gaining traction and attention turning to the upcoming US Producer Price Index (PPI) inflation data, which could steer market direction later today.
Moneta Markets | 13 dagar sedan
Market Update: March 5, 2025

Market Update: March 5, 2025

Markets are showing mixed signals today—energy prices are softening, while currency pairs like USD/JPY and AUD/USD are testing key levels. Stay tuned for further developments as economic data and geopolitical events continue to shape the landscape.
Moneta Markets | 21 dagar sedan
Daily Global Market Update – 28th Feb 2025

Daily Global Market Update – 28th Feb 2025

Risk aversion grips markets as the Nasdaq plunges to 20,576, weighed down by Nvidia’s selloff and Apple’s ESG lawsuit. AUD/USD eyes 0.6200, while USD/JPY hovers near 149.50 ahead of key U.S. PCE data. Gold breaks $2,890 support, vulnerable to further losses. With uncertainty high, traders brace for volatility into the weekend. Stay tuned for updates!
Moneta Markets | 26 dagar sedan
EURUSD, USDJPY, AUDUSD

EURUSD, USDJPY, AUDUSD

General election results send EURUSD and EU indices higher; US core PCE index may help greenback; Australia’s monthly CPI after RBA rate cut; AUDUSD remains below 0.6400
XM Group | 30 dagar sedan