Daily Global Market Update

Gold rose 0.2% vs. the dollar, supported by positive RSI signals. Euro increased 0.1% with negative RSI indication. Pound gained 0.1% but Stochastic RSI suggests overbought. Bitcoin fell 0.3% amid bearish ROC signal. US-Mexico trade up; Bitcoin's 2-month low caused $1B+ liquidations. Nvidia's shares surged over 5% ahead of earnings. Today: US Home Sales, Eurozone Current Account, Finland Unemploym

Moneta Markets | 1112 days ago

Gold's Gentle Ascend

Gold saw a minor rise of 0.2% against the dollar in the previous session. The RSI suggests a negative trend in line with the broader technical analysis.

Euro's Minimal Surge

The euro notched a slight 0.1% rise against the dollar in the preceding trading encounter. Current RSI readings hint towards a negative sentiment.

Pound's Elevated Status

The pound, in its recent session, marked a 0.1% elevation against the dollar. The Stochastic RSI indicates an overbought market scenario.

Bitcoin's Descending Run

Bitcoin registered a decline of 0.3% against the dollar during its last trading session. The ROC aligns with the negative signals from our comprehensive technical analysis.

World Financial Headlines

Trade relationships have seen a shift. Trade between the U.S and Mexico touched $263 billion in the initial four months of 2023, surpassing the US-China trade value, historically dominant through much of the 2010s. Bitcoin, amidst turbulence, plummeted to a two-month nadir, catalysing a sector-wide drop in currency values, leading to over $1 billion in liquidations. This trend paints a gloomy outlook, reminiscent of November 2022's slump. In tandem, the exchange, FDX, saw a decline. NVIDIA Corporation's stocks witnessed an ascent of over 5%, driven by an optimistic outlook and heightened price targets ahead of their eagerly awaited weekly results.

Foreseeable Economic Events

The economic landscape promises noteworthy data releases:

• U.S Existing Home Sales - 1400 hours GMT• Eurozone's Current Account - 0800 hours GMT• Finland's Unemployment Rate - 0500 hours GMT• USA MacBook Index - 1255 GMT• Belgium's Consumer Confidence Index - 0900 hours GMT• U.S API Weekly Crude Oil Stock - 2030 GMT

Moneta Markets

4.6

264 ulasan

Type: STP, ECN

Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)

Tags: Analisis

US Debt, Inflation and the Fed: Markets Face a Critical Policy Test💥

Strong US employment has revived expectations of tighter Fed policy, but persistent inflation and a federal debt burden above $40 trillion complicate the outlook. With refinancing needs mounting and interest costs already elevated, markets face a difficult balance between economic resilience, price pressures and increasingly challenging fiscal arithmetic.

Headway | 1h 30min ago

EUR/USD Holds Its Rising Channel as 1.1641 Breakout Awaits ECB and U.S. CPI

EUR/USD is trading around 1.1626 inside a rising 4-hour channel that has developed from the September swing low near 1.1584. Price remains above the rising 200-period WMA near 1.1597 and has recovered above the Bollinger basis, preserving the short-term sequence of higher reaction lows. The setup is constructive, but not yet impulsive.

Errante | 1h 46min ago

The S&P 500 is moving away from record highs

Strong NFP data of 162K backfired on equities as the Fed rate hike narrative strengthened, sending the S&P 500 lower despite a calm VIX. Utilities are flashing a warning signal, having peaked before the broader market in 21 of 30 bull markets since 1930, while rising Treasury yields and Trump's pressure on the Fed continue to weigh on investor sentiment.

FxPro | 2h 30min ago

Gold, EURUSD, OIL

US CPI data Set to Dictate Gold’s direction; ECB rate decision and EURUSD: Policy guidance in focus; Middle East conflict elevate WTI Crude oil

XM Group | 3h 29min ago

Dollar muted despite upbeat NFP, Mideast tensions lift oil

Strong jobs report fails to boost dollar as traders look to CPI data instead. Yen stays bid, gold on the slide again. Euro steady after far-right win in Germany, ECB decision awaited. Oil edges higher as US-Iran attacks continue.

XM Group | 4h 27min ago

EUR/USD Holds Above 1.1600 Despite Strong US Jobs Report

A stronger-than-expected US jobs report initially lifted the dollar, but EUR/USD remained resilient as traders looked ahead to the ECB meeting and key US inflation data.

VT Markets | 5h 22min ago

Gold Slides Below $4,500 as Strong NFP Revives Fed Hike Bets

The latest US jobs report strengthened confidence in the labour market, sending Treasury yields and the US dollar higher while weighing on gold.

VT Markets | 5h 40min ago

US Payrolls Hit 5-Month High as Markets Await CPI This Week.

U.S. and Canadian markets are closed for the holidays. With investors digesting nonfarm data and Middle East tensions high, traders should watch for unusual price swings amid low liquidity. Eurozone Q2 GDP is expected to be 0.4%, which could affect Thursday’s ECB meeting.

ATFX | 5h 49min ago

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EURUSD	1.16299	GBPUSD	1.35405
USDJPY	154.33	USDCAD	1.38074