Daily Global Market Update

Gold-dollar pair up 0.2% with positive oscillator. Euro edged 0.1% vs. dollar, supported by oscillator. Pound-dollar steady; oversold per Stochastic RSI. Bitcoin fell 0.4%, but positive Stochastic RSI. US data eases recession fears; inflation worries persist. Bitcoin's hashrate up 54% in 2023, BYD acquires Chapel for $2.2B.

Moneta Markets | 1105 days ago

Gold Dollar Pair's Slight Rise

The gold-dollar pair noted a marginal ascent of 0.2% in its latest trading session. The Ultimate Oscillator underlines this positive trend, harmonising with the broader technical analysis.

Euro's Modest Uplift Against Dollar

The Euro registered a slight increase of 0.1% against the dollar in the preceding trading session. The Ultimate Oscillator is portraying a positive scenario.

Pound Dollar Pair's Neutral Stand

The pound-dollar pairing witnessed a steady phase in the recent session. The Stochastic RSI indicates an oversold market condition.

Bitcoin's Decline

The Bitcoin-dollar tandem saw a 0.4% dip in the previous trading bout. However, the Stochastic RSI emanates a positive vibe.

Financial Headlines

Consistent U.S. economic data releases have alleviated recession apprehensions. However, lingering concerns regarding inflation surpassing the Federal Reserve's targets have led investors to speculate prolonged high interest rates. Furthermore, Bitcoin's hashrate achieved new zeniths, reflecting a 54% surge since the dawn of 2023 and an 80% growth in the past year. Chinese car manufacturer BYD has announced its acquisition of Chapel's mobile electronics manufacturing business in China for a substantial $2.2 billion.

Anticipated Economic Events

Here's an insight into significant economic unveilings lined up:

• U.S. Consumer Confidence - 1400 hours GMT

• U.S. JOLTS Job Openings - 1400 hours GMT

• U.S. Red Book Index - 1255 GMT

• Germany's GfK Consumer Confidence Survey - 0600 hours GMT

• Spain's Retail Sales - 0700 hours GMT

• France's Consumer Confidence - 0645 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 | 14h 36min 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 | 14h 53min 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 | 15h 36min 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 | 16h 35min 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 | 17h 33min 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 | 18h 28min 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 | 18h 46min 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 | 18h 55min ago

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EURUSD	1.16259	GBPUSD	1.35384
USDJPY	153.17	USDCAD	1.38033