Daily Global Market Update

Pound surged 1.1%, overbought; Bitcoin corrected 0.2%, conflicting signals; Oil jumped 2.5%, positive RSI; Aussie rose 0.4%, potential upward momentum. Global: $484k Ledger breach, Japanese political scandal, rising oil on Fed outlook. Upcoming: US Industrial Production, Finland's GDP, Japan's PMI, Eurozone's Trade Balance, US Capacity Utilization, UK's CFTC GBP NC Net Positions.

Moneta Markets | 997 days ago

Pound's Notable Surge

The Pound Dollar pair saw a significant increase, soaring 1.1% in the last session. The Williams Percent Range indicator signals an overbought market condition.

Bitcoin's Minor Correction

Bitcoin experienced a slight upward correction, gaining 0.2% in the last session. Despite this, the Stochastic indicator suggests a negative outlook, contradicting our overall technical analysis.

Oil's Strong Momentum

The Oil Dollar pair experienced a substantial jump, climbing 2.5% in the last session. The RSI indicator is currently projecting a positive trend for this commodity.

Aussie Dollar's Upward Trend

The Aussie Dollar pair increased by 0.4% in the last trading session. The Stochastic RSI indicates a positive signal, suggesting potential upward momentum.

Global Financial Headlines

The cryptocurrency world was shaken by a security breach at Ledger, with assets worth nearly $484,000 stolen. Meanwhile, Japanese Prime Minister Fumio Kishida is grappling with a major political scandal, leading to key cabinet resignations. Oil prices continue their upward trajectory, bolstered by the US Federal Reserve's outlook for lower borrowing costs in 2024.

Upcoming Economic Highlights

Key economic releases for today include:

• US Industrial Production - 1415 hours GMT

• Finland's GDP - 0600 hours GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 hours GMT

• Eurozone's Trade Balance - 1000 hours GMT

• US Capacity Utilization - 1415 GMT

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

Moneta Markets

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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 | 4h 57min 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 | 5h 14min 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 | 5h 57min 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 | 6h 56min 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 | 7h 54min 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 | 8h 49min 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 | 9h 7min 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 | 9h 16min ago

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EURUSD	1.16253	GBPUSD	1.35423
USDJPY	154.359	USDCAD	1.38134