Daily Global Market Update

GBP/USD sideways, bullish CCI. Bitcoin -0.7%, bearish Ultimate Oscillator. Oil +0.3%, bearish Stochastic. AUD/USD stable, bullish ROC. Crypto thefts $1.5B in 2023, German inflation steady. Oil prices rise due to Middle East tensions and OPEC+ delays. Key events: Japan Household Spending, US Consumer Confidence, Eurozone GDP, UK Manufacturing PMI, OPEC Meeting Results.

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating potential bullish momentum.

 

 

Bitcoin's Negative Momentum

Bitcoin paired with the dollar dropped by 0.7% in the last session. The Ultimate Oscillator is giving a negative signal, aligning with bearish sentiment.

 

 

Oil's Modest Gain

The price of oil gained 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal, suggesting a possible bearish reversal.

 

 

Aussie's Stable Performance

The AUD/USD pair remained largely unchanged during the last session. The Rate of Change (ROC) is giving a positive signal, suggesting potential upward momentum.

 

 

Global Financial Headlines

Cryptocurrency hackers have reportedly stolen $1.5 billion in 2023, with $71 million stolen in November alone. Meanwhile, German annual inflation remained flat at 2.4% in November, breaking a downward trend. Oil prices edged higher following tensions in the Middle East and OPEC+ delays in extending production cuts.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• Japan's Household Spending Data - 2330 GMT

• US Consumer Confidence Index - 1400 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• UK Manufacturing PMI - 0930 GMT

• OPEC Meeting Results

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Global Bond Selloff, Eyes on Central Banks & US ADP

Global Bond Selloff, Eyes on Central Banks & US ADP

The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX | 7h 50min ago
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 | 7 days ago