Daily Global Market Update

Gold edged up slightly, while the Euro corrected upwards. The Pound remained stagnant, and Bitcoin surged. Wall Street rallied, and digital asset inflows increased. Key economic events include US Consumer Confidence, JOLTS Job Openings, and Redbook Index.

Moneta Markets | 675 days ago

Gold's Minor Rise

The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal.

Euro's Upward Correction

The Euro-Dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a positive signal.

Pound's Sideways Movement

The Pound-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.

Bitcoin's Significant Movement

The Bitcoin-Dollar pair exploded 1.3% in the last session. The ROC is giving a negative signal.

Global Financial Headlines

Wall Street rose ahead of a packed week of earnings from mega-cap companies and the final stretch before the November 5th election. Sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Digital asset inflows experienced a notable surge in the week ending October 25th, reaching $91 million, largely fuelled by a spike in Bitcoin transactions, propelling year-to-date totals to $27 billion. Cybersecurity firm CrowdStrike sued Delta Airlines after a faulty software update prompted a global outage in July, leading to worldwide flight cancellations and impacting industries including banks, healthcare, media companies, and hotel chains.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Consumer Confidence - 14:00 GMT

• US JOLTS Job Openings - 14:00 GMT

• US Redbook Index - 12:55 GMT

• Irish Retail Sales - 11:00 GMT

• Austrian Purchasing Manager Index - 09:00 GMT

• Belgian Gross Domestic Product - 10:00 GMT

Moneta Markets

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Tags: Analisis

USDCAD slides: Is a freefall to 1.3700 next?

USDCAD confirms bearish bias! MACD & RSI signal more downside. Watch 1.3830 pullback, targeting 1.3730 & 1.3700. Risk above 1.3860.

XM Group | 34 minutes ago

Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.

ATFX | 3h 47min ago

Wall Street Moves Into Stablecoins as Global Banks Prepare Their Own Digital Dollar💥

Global banking giants are preparing a joint US dollar stablecoin, signalling a strategic push into digital finance. The move could protect deposit bases while unlocking lucrative reserve income from US Treasuries. Rather than competing directly with crypto-native issuers, banks may target regulated payments, tokenized assets and institutional settlement.

Headway | 15h 56min ago

Bullish crypto consolidation

The crypto market is consolidating after a rally, maintaining a bullish sentiment; BTC is holding steady at $79K, whilst news is fuelling interest in institutional accumulation.

FxPro | 16h 50min ago

Bitcoin Price Prediction: Can NFP Data Provide the Next Catalyst?

After a 25% rally in August, the price has steadied above 78k ahead of NFP data; Expectations are for 56k jobs to be added vs -23k in July; The market prices in 61% chance of a Fed rate hike; 68% of BTC supply is in profit, ETF demand wavering after a strong August; BTC technical analysis.

PrimeXBT | 17h 27min ago