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Daily Global Market Update

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Daily Global Market Update

Pound's Positive Movement

The GBP/USD pair rose by 0.4% in the last session. The Stochastic RSI is giving a positive signal.



Bitcoin's Surge

The Bitcoin/USD pair skyrocketed by 2.2% in the last session. The Ultimate Oscillator is giving a positive signal.



Oil's Decline

The Oil/USD pair closed 0.9% in the red. The RSI is giving a negative signal.



Aussie's Minor Gain

The AUD/USD pair made a minor upward correction, gaining 0.1% in the last session. The Stochastic indicator is giving a positive signal.



Global Financial Headlines

Cardano is set to gain access to \$1.3 trillion in Bitcoin liquidity through a new integration with Bitcoin OS. Sales of new US single-family homes increased to the highest level in nearly 1.5 years in September. Oil prices eased nearly 1% amid reports of potential US-Israel ceasefire talks in Gaza.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Durable Goods Orders - 12:30 GMT
  • US Non-Defense Capital Goods Orders - 12:30 GMT
  • Germany's Ifo Business Climate - 8:00 GMT
  • Germany's Ifo Current Assessment - 8:00 GMT
  • Japan's CFTC JPY NC Net Positions - 19:30 GMT
  • UK's CFTC GBP NC Net Positions - 19:30 GMT
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Daily Global Market Update

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Daily Global Market Update

EUR/USD's Downward Movement

The EUR/USD pair experienced a minor decline of 0.1% in the latest trading session. The Rate of Change (ROC) indicator is currently showing a negative signal.



USD/JPY's Strong Performance

The dollar strengthened against the Japanese yen, gaining 0.9% in the latest session. The Ultimate Oscillator suggests the market is currently in overbought territory.



Gold's Sharp Decline

Gold experienced a significant drop of 1.1% in the latest trading session. The Stochastic RSI indicates bearish momentum.



Amazon Stock Under Pressure

Amazon shares declined by 2.2% in the latest session. The Stochastic RSI is showing bearish signals.



Market Headlines

The Canadian dollar has weakened to an 11-week low against its US counterpart following the Bank of Canada's significant interest rate cut. Wall Street experienced a decline, led by mega-cap stocks, as US Treasury yields increased and investors became more skeptical about aggressive Federal Reserve rate cuts. Both McDonald's and Coca-Cola faced pressure from corporate news. Additionally, US existing home sales fell to a 14-year low in September, affected by elevated mortgage rates and house prices, marking the second consecutive monthly decline.


Upcoming Economic Events

Key economic releases to watch:

  • Japan's Jibun Bank Manufacturing PMI - 0030 GMT
  • UK's GfK Consumer Confidence - 2301 GMT
  • US Initial Jobless Claims - 1230 GMT
  • German Buba Monthly Report - 1000 GMT
  • US Chicago Fed National Activity Index - 1230 GMT
  • Finland's Producer Price Index - 0500 GMT
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Daily Global Market Update

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Daily Global Market Update

Bitcoin's Modest Gain

The Bitcoin/USD pair gained 0.1% in the last session after experiencing a 1.1% dip during the session. The Rate of Change (ROC) indicator is giving a positive signal.



NIO's Stock Movement

NIO stock gained 0.9% in the last session after rising as much as 3.5% during the session. The Stochastic indicator suggests the market is oversold.



Aussie Dollar's Positive Signal

The AUD/USD pair gained 0.4% in the last session. The Stochastic RSI is giving a positive signal.



Gold's Positive Trend

Gold rose 0.9% against the dollar in the last trading session. The MACD is giving a positive signal.



Global Financial Headlines

Oil prices rose for the second consecutive session as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance. The US dollar rose to a fresh 2.5-month high, continuing its recent rise on expectations the Federal Reserve will temper its rate cut path while investors positioned ahead of a tight US presidential election. Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralised exchanges gain momentum. Binance, the world's biggest crypto exchange, saw a 133% year-over-year decline in spot trading volume.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Fed's Beige Book - 18:00 GMT
  • US MBA Mortgage Applications - 11:00 GMT
  • Eurozone's Consumer Confidence - 14:00 GMT
  • Germany's 10Y Bond Auction - 09:30 GMT
  • Japan's Foreign Bond Investment - 23:50 GMT
  • Japan's Foreign Investment in Japan Stocks - 23:50 GMT
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Daily Global Market Update

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Daily Global Market Update

Gold's Minor Correction

The gold-dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the RSI, we are in an overbought market.



Euro's Decline

The Euro fell 0.4% against the dollar in the last session. The Rate of Change (ROC) is giving a negative signal.



Pound's Downturn

The pound fell 0.5% against the dollar in the last trading session. According to the Williams Percent Range indicator, we are in an oversold market.



Bitcoin's Decline

The Bitcoin-dollar pair dove 1.9% in the last session. The Stochastic RSI is giving a negative signal.



Global Financial Headlines

Wall Street lost ground, retreating after a strong rally the previous week as investors awaited earnings from major companies. A jump in treasury yields added pressure, with the yield on the benchmark 10-year bond rising to a 12-week high. Cryptocurrency investment products recorded their biggest inflows since July, hitting the $2.2 billion weekly mark, according to CoinShares. Shares of Spirit Airlines surged as much as 46% after reaching a deal with its credit card processor to extend a debt refinancing deadline by two months until December 23rd.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Redbook Index - 1255 GMT
  • US API Weekly Crude Oil Stock - 2030 GMT
  • Dutch Consumer Confidence Adjusted - 0430 GMT
  • Finland's Unemployment Rate - 0500 GMT
  • Belgian Consumer Confidence Index - 0900 GMT
  • UK's Public Sector Net Borrowing - 0600 GMT
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Daily Global Market Update

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Daily Global Market Update

Oil's Decline Against the Dollar

The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.



Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.



Euro's Sideways Movement

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



Dollar's Decline Against the Yen

The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.



Global Financial Headlines

Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US 3-month Bill Auction - 1530 GMT
  • US 6-month Bill Auction - 1530 GMT
  • Germany's Producer Price Index - 0600 GMT
  • China's PBOC Interest Rate Decision - 0115 GMT
  • New Zealand's Exports - 2145 GMT
  • New Zealand's Imports - 2145 GMT
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Daily Global Market Update

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Daily Global Market Update

Pound's Upward Correction

The GBP/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a positive signal.



Bitcoin's Decline

The Bitcoin/USD pair fell by 0.9% following a 1.3% intraday dip. The MACD is giving a positive signal.



Oil's Stability

The price of US Crude Oil remained largely unchanged in the last session. The Stochastic RSI indicates an oversold market.



Aussie's Gain

The Australian dollar gained 0.4% against the US dollar in the last session. The MACD is giving a negative signal.



Global Financial Headlines

Cumulative flows into spot Bitcoin ETFs have exceeded $20 billion, following four consecutive days of inflows in the US. Oil prices slipped slightly as investors awaited developments in the Middle East, while falling US crude inventories provided some support. Gold prices hit record highs amid uncertainty surrounding the US presidential elections and the Middle East conflict, with an easing monetary policy environment keeping prices elevated.


Upcoming Economic Highlights

Key economic events to look out for include:

  • UK's Retail Sales - 6:00 GMT
  • UK's CFTC GBP NC Net Positions - 19:30 GMT
  • US Housing Starts - 12:30 GMT
  • US Monthly Budget Statement - 18:00 GMT
  • Japan's CFTC JPY NC Net Positions - 19:30 GMT
  • Eurozone's Current Account - 8:00 GMT
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Daily Global Market Update

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Daily Global Market Update

Euro's Downward Correction

The EUR/USD pair made a minor downward correction in the last session, dropping 0.2%. According to the RSI, the market is currently oversold.



Dollar's Gain Against Yen

The dollar gained 0.4% against the yen in the last session. The MACD is giving a positive signal.



Gold's Market Position

The Gold/Dollar pair gained 0.5% in the last session. According to the CCI, the market is currently overbought.



Nike's Stock Performance

Nike's stock rose 2.2% in the last session. The CCI is giving a positive signal.



Global Financial Headlines

The Canadian dollar rose against its US counterpart as investors assessed the Bank of Canada's potential policy easing. US stocks were mixed, and gold gained strength as bank earnings exceeded expectations. Spain's benchmark IEX closed at its highest since January 2010, following a rally of over 18% this year.


Upcoming Economic Highlights

Key economic events to look out for include:

  • Australia's Employment Change - 0030 GMT
  • Eurozone's Harmonized Index of Consumer Prices - 0900 GMT
  • Australia's Unemployment Rate - 0030 GMT
  • Dutch Unemployment Rate - 0430 GMT
  • Japan's Tertiary Industry Index - 0430 GMT
  • US Retail Sales - 1230 GMT
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Daily Global Market Update

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Daily Global Market Update

Bitcoin's Continued Rise

The Bitcoin/USD pair skyrocketed by 1.1% in the last session. The Ultimate Oscillator is giving a positive signal.



Nike's Market Movement

Nike shares gained 1.1% in the last session. According to the Stochastic RSI, the market is currently oversold.



Aussie Dollar's Slight Dip

The AUD/USD pair saw a minor dip of 0.2% in the last session. The CCI is giving a positive signal.



Gold's Modest Gain

Gold gained 0.4% against the dollar in the last session. The Stochastic indicator is giving a positive signal.



Global Financial Headlines

Gold edged higher, lifted by retreating treasury yields, while investors cautiously awaited more data that could offer fresh clues on the Federal Reserve's monetary easing cycle. Spot gold rose 0.5%. The US dollar edged higher against most major currencies, resuming the latest uptrend that took it to more than two-month highs, fueled by expectations the Federal Reserve will proceed with modest interest rate cuts over the next year and a half. Crypto asset manager Grayscale has added 35 crypto altcoins, including Dogecoin, Worldcoin, Pith, and Run, to a list of assets under consideration for future investment products.


Upcoming Economic Highlights

Key economic events to look out for include:

  • UK's Core Consumer Price Index - 6 GMT
  • Japan's Exports - 2350 GMT
  • US Export Price Index - 1230 GMT
  • Italy's Consumer Price Index - 8 GMT
  • Germany's 30-Year Bond Auction - 930 GMT
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Daily Global Market Update

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Daily Global Market Update

Gold's Upward Correction

The Gold/USD pair made a minor upward correction in the last session, gaining 0.11%. The Stochastic RSI is giving a positive signal.



Euro's Slight Dip

The EUR/USD pair dipped 0.1% against the dollar in the last session. The Stochastic indicator indicates an oversold market.



Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The MACD is giving a negative signal.



Bitcoin's Significant Rise

The Bitcoin/USD pair skyrocketed 4.7% in the last session. The Ultimate Oscillator is giving a positive signal.



Global Financial Headlines

US stocks were led higher by technology shares, while crude prices dipped amid light Columbus Day trading. Bitcoin led weekly inflows with \$419 million. Nvidia's stock climbed 2.8%, nearing record highs.


Upcoming Economic Highlights

Key economic events to look out for include:

  • UK's Employment Change - 6 GMT
  • US Red Book Index - 1255 GMT
  • UK's Claimant Count Change - 6 GMT
  • Germany's ZEW Survey Current Situation - 9 GMT
  • Japan's Capacity Utilization - 430 GMT
  • Eurozone's Industrial Production - 9 GMT
Read more

Daily Global Market Update

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Daily Global Market Update

Oil's Minor Dip Against the Dollar

The oil-dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.



Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The RSI is giving a negative signal.



Euro's Sideways Movement

The euro-dollar pair traded sideways in the last session. The RSI is giving a negative signal.



Dollar-Yen Pair's Gain

The dollar-yen pair gained 0.3% in the last session. The MACD is giving a positive signal.



Global Financial Headlines

Four of China's biggest state-owned banks announced cuts to existing mortgage rates starting on October 25th, as authorities ramp up efforts to stimulate the world's second-biggest economy. Boeing will cut 177,000 jobs, 10% of its global workforce, delay first deliveries of its 777X jet by a year, and record $5 billion in losses in the third quarter. The S&P 500 and the Dow scored record closing highs on Friday, with a big boost from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November.


Upcoming Economic Highlights

Key economic events to look out for include:

  • Finland's Consumer Price Index - 5 GMT
  • China's Exports - 3 GMT
  • China's Imports - 3 GMT
  • China's Trade Balance USD - 3 GMT
  • China's FDI - 9 GMT
  • Korea's Trade Balance - 2355 GMT
Read more

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