Daily Global Market Update

GBP/USD edged up 0.1%, Bitcoin corrected down 0.2%, Oil dropped 0.8% vs. USD, AUD rose 0.4% vs. USD. Ether trailed Bitcoin YTD gains. Oil steadied near 6-month highs. Russia exports diesel to Sudan post-EU embargo. Economic events include UK's Industrial Production, Japan's Capacity Utilization, Germany's CPI, Eurozone's Fin Meeting, UK's GDP, and US Michigan Consumer Sentiment Index.

Moneta Markets | 39 gün önce

GBP/USD Pair's Minor Rise

The GBP/USD pair saw a minor rise of 0.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

Bitcoin's Correction

The Bitcoin-dollar pair corrected downwards in the last session, falling 0.2%. The Williams indicator is giving a negative signal.

Oil's Drop Against the Dollar

Oil dropped 0.8% against the dollar in the last session. The Relative Strength Index (RSI) is giving a negative signal.

AUD/USD Pair's Rise

The Aussie rose 0.4% against the dollar in the last trading session. The Ultimate Oscillator is giving a positive signal.

Latest Updates in World Financial News

Ether had been rallying since the beginning of the new year but began tapering off in mid-March. The altcoin has trailed Bitcoin since January 1st, gaining roughly 48% compared to BTC's 57% in their respective USD pairs year-to-date. Oil prices were steady near six-month highs after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran. OPEC's third-largest oil producer, Russia, has begun diesel exports to Sudan as Moscow seeks new markets for refined products after the EU embargo. Since the full EU embargo on Russian oil product imports was imposed in February 2023, diesel supplies have been diverted to Brazil, Turkey, countries in Africa, Asia, and the Middle East.

Major Economic Events for Today

Here's a brief rundown of today's major economic events:

• UK's Industrial Production - 0600 GMT

• Japan's Capacity Utilization - 0430 GMT

• Germany's Harmonized Index of Consumer Prices - 0600 GMT

• Eurozone's Fin Meeting - 0700 GMT

• UK's Gross Domestic Product - 0600 GMT

• US Michigan Consumer Sentiment Index - 1400 GMT

Düzenleme: FSA (Seychelles), FSCA (South Africa)

Dollar Dilemma: FOMC Caution

The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well.

PU Prime | 1s 24 dakika önce

Daily Global Market Update

EUR/USD fell 0.1%, CCI indicates more downside. Gold rose 0.2%, but is overbought. GBP/USD was static, also overbought. Bitcoin surged 4.3%, may correct soon. Gold prices rose ahead of a US inflation report. Japan's shares hit a 34-year peak. Ripple acquired Standard Custody and Trust.

Moneta Markets | 21s 27 dakika önce

Dollar Rebound on Fed’s Hawkish Tone

In yesterday's market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement, with fresh data indicating that the property sector in China remains a significant concern.

PU Prime | 23s 21 dakika önce

Daily Global Market Update

Oil gained 0.7%. The Australian dollar is overbought but unchanged. The Euro and Dollar-yen traded sideways; the Euro is overbought, and the Dollar-yen has a negative signal. China's gasoline exports hit a low. Japan's Nippon Steel VP will visit the US for a deal. Global stocks rose on potential Fed rate cuts.

Moneta Markets | 1 gün önce