Daily Global Market Update

The British Pound fell 0.4% against the US dollar, while Bitcoin rose 0.2%. Oil prices increased on lower US stockpiles, and AUD/USD dipped slightly. Japan's economic data and Europe's finance meeting are on tap today.

Pound's Recent Decline

The GBP/USD pair experienced a decrease of 0.4% against the dollar in the last session. The Williams' indicator is signalling an oversold market.

 

 

Bitcoin's Uptick

The Bitcoin/USD pair rose by 0.2% in the last session, reaching a high of 2.3%. The ROC (Rate of Change) indicator shows a positive signal.

 

 

Oil's Price Rise

The oil experienced a rise of 0.7% in the last session. The MACD indicates a positive trend.

 

 

AUD/USD's Minor Drop

The AUD/USD pair dropped by 0.2% in the last session. The ROC is indicating a negative signal.

 

 

Global Financial Headlines

Japanese cryptocurrency exchange bitFlyer acquires the Japanese arm of collapsed platform FTX, announcing plans to rebrand it as bitFly Holdings. In the US, first-time applications for unemployment benefits slightly fell last week, and new housing construction hit its lowest level in nearly four years last May, suggesting moderate economic activity in the second quarter. Oil prices increased following a reported draw on crude oil by the US Energy Information Administration and a cooling jobs market, raising hopes for a potential Federal Reserve rate cut.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Jibun Bank Services PMI - 0300 GMT

• Eurozone's ECOFIN Meeting - 0700 GMT

• France's Business Climate in Manufacturing - 0645 GMT

• UK's Retail Sales - 0600 GMT

• Japan's Jibun Bank Manufacturing PMI - 0300 GMT

• UK's Public Sector Net Borrowing - 0600 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. GDP revision and PCE Price Index will jointly validate the extent of economic cooling and disinflation. The PCE inflation gauge will directly shape market expectations for the Fed’s rate path, with Core PCE YoY expected to hold at 3.3%. The annualised QoQ GDP revision is forecast to remain at 1.5%. U.S. equities will also closely watch Nvidia’s earnings after market close
ATFX | 5 days ago