Daily Global Market Update

Bitcoin dipped 2.5%, Amazon's stock rose 0.7%, Aussie dollar surged 1.9%, Gold gained 0.8%. Oil prices rise, Yen weak, OKX launches layer 2 blockchain. Upcoming: Euro Zone trade balance, UK CPI, US retail sales & PPI, Japan imports & exports.

Bitcoin's Recent Dip

The Bitcoin/USD pair experienced a notable decline of 2.5% in the last session. The Stochastic indicator is currently indicating a negative trend.

 

 

Amazon's Positive Outlook

Amazon's shares saw an uptick of 0.7% in the last trading session. The ROC (Rate of Change) indicator is giving a positive signal, aligning with our overall technical analysis.

 

 

Aussie Dollar's Surge

The Australian dollar experienced a significant rise of 1.9% in the last session. The ROC indicator provides a positive signal for this currency pair.

 

 

Gold's Positive Momentum

Gold rose by 0.8% against the dollar in the latest session. The Stochastic RSI is indicating a positive signal, consistent with our overall technical analysis.

 

 

Global Financial Headlines

Oil prices are witnessing a modest increase, driven by strong demand expectations and concerns over supply disruptions. This comes in the wake of OPEC's report underscoring resilient demand and warning against speculator-driven price fluctuations. The Japanese Yen remains weak, hovering near a three-decade low against the dollar, largely due to the Bank of Japan's ultra-easy monetary policy. In the crypto sector, OKX has launched its layer 2 blockchain for developer testing, aiming to enhance transaction efficiency.

 

Upcoming Economic Highlights

Today's key economic releases include:

• Euro Zone's Trade Balance - 1000 hours GMT

• UK's Core Consumer Price Index - 0700 hours GMT

• US Retail Sales - 1330 GMT

• US Producer Price Index - 1330 GMT

• Japan's Imports - 2350 GMT

• Japan's Exports - 2350 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Yen extends surge, Oil slips despite tensions, stocks rebound

Yen extends surge, Oil slips despite tensions, stocks rebound

Yen rallies after hawkish BoJ and dovish Fed remarks; Waller eyed next. Yields slide after Fed’s Williams calms nerves, lifts stocks. Oil prices ease back after Trump hints Iran strikes won’t last “too long”. Gold jumps as dollar remains on the backfoot.
XM Group | 4h 13min ago
The yen is advancing on three fronts

The yen is advancing on three fronts

The yen surged on three simultaneous tailwinds: BoJ rate hike expectations rising to 90% with speculation of a 50bp move, rumours of currency intervention, and an extraordinary GPIF meeting fuelling speculation of a portfolio shift toward domestic bonds. Falling Treasury yields and weak ADP data added further pressure on the dollar, pushing USDJPY sharply lower.
FxPro | 6h 11min ago