Daily Global Market Update

Gold-dollar surged 1.1%, overbought (CCI). Euro-dollar up 0.2%, positive CCI. Pound gained 0.2%, positive stochastic signal. Bitcoin surged 3.4%, despite negative ROC. US stocks stable before inflation data. Ethereum outflows continue, oil prices slide. Upcoming: US NFIB Business Optimism Index, Redbook Index, Dutch CPI, Japanese Consumer Confidence, and Machine Tool Orders.

Gold's Dollar Pair Surge

The gold-dollar pair surged by 1.1% in the last session. The CCI indicates an overbought market.

 

 

Euro's Minor Upside Correction

The euro-dollar pair made a minor upwards correction in the last session, gaining 0.2%. The CCI is giving a positive signal.

 

 

Pound's Slight Gain

The pound gained slightly by 0.2% against the dollar in the last session. The stochastic indicator's positive signal aligns with the overall technical analysis.

 

 

Bitcoin's Significant Move

The Bitcoin-dollar pair surged by 3.4% in the last session. The ROC's negative signal contradicts our overall technical analysis.

 

 

World Financial Headlines

US Stocks remained essentially unchanged at the close of a choppy session, with a solar eclipse offering distraction ahead of crucial inflation data and the kickoff of the first quarter earnings season. Ethereum-based crypto investment products saw negative outflows for the fourth consecutive week, despite positive inflows into other crypto-based investment products. Ethereum experienced $22.5 million worth of outflows last week, contrasting with most other top altcoins. Oil prices slid more than $1 a barrel, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more troops from Southern Gaza and committed to fresh talks on a potential ceasefire in the sixth-month conflict.

 

Upcoming Economic Highlights

Here's a brief rundown of today's major economic events:

• US NFIB Business Optimism Index - 1000 GMT

• US Redbook Index - 1255 GMT

• Dutch Consumer Price Index - 0430 GMT

• Dutch Consumer Spending Volume - 0430 GMT

• Japan's Consumer Confidence Index - 0500 GMT

• Japan's Machine Tool Orders - 0600 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 | 2h 19min 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 | 4h 16min ago