Daily Global Market Update

Bitcoin down 1.6%, Nike up 0.4%, Aussie Dollar stable, Gold rose 0.8%. Global: Gold tops $2,000 on Fed caution, Binance settles $4.3B fine. Upcoming: US Durable Goods, Jobless Claims, European Consumer Confidence.

Bitcoin's Recent Decline

The Bitcoin/USD pair experienced a significant drop of 1.6% in the last session. The Stochastic indicator is currently signaling a negative trend.

 

 

Nike's Positive Performance

Nike shares saw a gain of 0.4% in the last trading session. The Williams' indicator is currently showing a negative signal.

 

 

Aussie Dollar Stability

The Australian Dollar showed little change in its last session. However, the Stochastic indicator is giving a positive signal.

 

 

Gold's Upswing

Gold/Dollar pair rose by 0.8% in the last trading session, signaling an overbought market as indicated by the Williams' indicator.

 

 

Global Financial Headlines

Gold surpassed the $2,000 mark, driven by speculations that the Federal Reserve may have hit the peak of interest rate hikes. The minutes from the US Central Bank's latest meeting suggest a cautious approach to future rate increases. Meanwhile, the Dollar Index looks set to recover following these developments. In cryptocurrency news, Binance, the largest crypto exchange, faced criminal charges for violating sanctions and money transmitting laws. The company agreed to a $4.3 billion settlement, marking one of the largest fines imposed on a corporate entity by the US.

 

Upcoming Economic Highlights

Here's a brief rundown of today’s key economic releases:

• US Durable Goods Orders - 1330 GMT

• US Initial Jobless Claims - 1330 GMT

• US Non-Defense Capital Goods Orders - 1330 GMT

• Dutch Consumer Confidence - 0530 GMT

• Eurozone's Consumer Confidence - 0500 GMT

• Belgian Consumer Confidence Index - 1000 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 | 1h 14min 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 | 3h 11min ago