Daily Global Market Update

The GBP/USD, Bitcoin, and Oil traded sideways, with bearish signals from Stochastic RSI, RSI, and ROC respectively. The AUD/USD was stable with oversold conditions. Ether dropped below $3,400, triggering liquidations, while Bitcoin declined 4%. US job data suggests a cooling labor market, reducing the likelihood of further Fed rate cuts. Gold prices rose slightly.

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Stochastic RSI is giving a negative signal, suggesting potential bearish momentum.

 

 

Bitcoin's Slight Decline

Bitcoin fell 0.5% against the dollar in the last trading session. The RSI is currently giving a negative signal, indicating bearish momentum.

 

 

Oil's Neutral Performance

The oil-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signalling negative momentum, suggesting caution in the market.

 

 

Aussie Dollar's Stability

The AUD/USD pair remained largely unchanged in the last session. The Commodity Channel Index (CCI) indicates an oversold market, hinting at potential bullish opportunities.

 

 

Global Financial Headlines

Ether’s price dropped below $3,400, erasing prior gains and triggering $34 million in liquidations of leveraged ETF longs. This followed a 4% decline in Bitcoin, reflecting increased investor risk aversion. Meanwhile, US job market data shows a cooling yet steady labour environment, reducing the likelihood of further Federal Reserve interest rate cuts in the near term. Gold prices rose slightly, driven by safe-haven demand amid thin post-holiday trading as markets await further economic signals.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• Japan’s Labour Cash Earnings - 2330 GMT

• US Jobless Claims Report - 1330 GMT

• Eurozone Industrial Production - 0900 GMT

• UK GDP Growth Estimate - 0700 GMT

• US Federal Reserve Minutes - 1900 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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