Daily Global Market Update

Pound-dollar: +0.4%, RSI positive. Bitcoin: -1.1% despite intraday high. Oil: -2%, oversold (Ultimate Oscillator). Aussie-dollar: +0.6%, MACD negative. Ledger CEO cuts 12% staff. Bank of England considers rate cuts. Crude prices dip on Russia news. Economic releases: US Non-farm Payrolls, Japan's Coincident Index, Finland's Trade Balance, Germany's Factory Orders, UK's CFTC GBP NC Net Positions.
Moneta Markets | 1129 hari yang lalu

Pound-Dollar's Positive Outlook

The pound-dollar pair ascended by 0.4% in the preceding trading session. The RSI suggests a promising trajectory for this currency pair.

 

 

Bitcoin's Erratic Performance

Bitcoin, when paired against the dollar, witnessed a 1.1% drop in the latest session despite achieving an intraday high of 1.1%. The Williams indicator flags potential headwinds for the currency.

 

 

Oil's Oversold Territory

The oil-dollar pairing suffered a 2% drop in the last trading session. The Ultimate Oscillator alludes to an oversold market condition.

 

 

Aussie Dollar's Mixed Signals

The Aussie-dollar pair rose by 0.6% in the preceding session. However, the MACD provides a counterpoint with a negative forecast.

 

 

Global Financial Headlines

Pascal Gothia, the CEO and chair of hardware wallet manufacturer Ledger, announced a 12% staff reduction. This decision attributes to the tumultuous 2022 bear market and subsequent collapse of firms, including FTX and Voyager Digital. The Bank of England is anticipated to expedite interest rate cuts, especially in contrast to the Federal Reserve, prompted by rising unemployment rates. Crude prices dipped after reports hinted at Russia's potential lift on diesel export bans. This comes as Russia and Saudi Arabia persist with voluntary oil production cuts, a factor that previously boosted crude prices.

 

Upcoming Economic Highlights

Today’s major economic releases include:

• US Non-farm Payrolls - 1230 GMT

• Japan's Coincident Index - 0500 hours GMT

• Finland's Trade Balance - 0600 hours GMT

• Germany's Factory Orders - 0600 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

• Japan's Leading Economic Index - 0500 hours GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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