Daily Global Market Update

Pound weakened against the dollar, Bitcoin declined, and oil prices remained stable. The Australian dollar recovered, and the global financial landscape saw increased cryptocurrency hacking and mixed economic signals. Key economic events to watch include Japanese and European data releases.

Pound's Decline Against the Dollar

The GBP/USD pair dropped by 0.4% in the last session. The MACD is currently signalling a negative trend.

 

 

Bitcoin's Downward Movement

Bitcoin paired with the dollar fell by 1.7% in the last session. The CCI is indicating a negative trend.

 

 

Oil Market Trends

The oil-dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal.

 

 

Australian Dollar's Recovery

The AUD/USD pair gained by 0.5% in the last session. The RSI indicates the market is currently oversold.

 

 

Global Financial Headlines

Funds stolen from hacking cryptocurrency platforms surged by 21% in 2024, reaching $2.2 billion, according to a report from Chainalysis. This marked the fourth consecutive year where losses exceeded $1 billion, with hacking incidents rising to 303 from 282 in 2023. The US economy saw faster growth in the third quarter, with GDP increasing by an annualised 3.1%, driven by strong consumer spending. Meanwhile, oil prices fell as cautious signals from US and European central banks raised concerns about weak economic activity impacting demand.

 

Upcoming Economic Highlights

Key economic events to watch include:

• Japan's Labour Cash Earnings – 2330 GMT

• US Red Book Index – 1355 GMT

• UK's BRC Retail Sales – 0001 GMT

• Japan's Overall Household Spending – 2330 GMT

• Eurozone's Unemployment Rate – 1000 GMT

• Germany's Industrial Production – 0700 GMT

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 | 1 day 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 | 8 days ago