Daily Global Market Update

Currency and commodity pairs gained momentum. Pound-dollar, Bitcoin-dollar, and oil-dollar pairs rose, while the Aussie dollar pair corrected. Major financial news: potential SEC rejection of ether ETFs, Swiss National Bank's record profit, and rising oil prices amid Middle East tensions.

Pound Dollar Pair's Positive Momentum

The pound experienced a 0.4% rise against the dollar in the latest trading session. The Rate of Change (ROC) indicator is signaling a positive outlook.

 

 

Bitcoin's Positive Momentum

The Bitcoin-dollar pair saw a 0.9% increase in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Oil's Upward Surge

The oil-dollar pair surged by 1.3% in the recent session. The Stochastic RSI is indicating a positive trend.

 

 

Aussie Dollar's Correction

The Aussie dollar pair made a minor correction, gaining 0.2% in the last session. The Commodity Channel Index (CCI) is indicating positivity.

 

 

World Financial Headlines

The United States Securities and Exchange Commission is expected to reject spot ether exchange-traded funds in May, according to reports. Meanwhile, the Swiss National Bank reported a record quarterly profit of 58.8 billion Swiss francs, attributed to a weakening franc and booming equity markets. Oil prices rose amid concerns of supply disruptions in the Middle East, as Israel escalated air strikes on Gaza. The comments from the US Treasury Secretary about the economy's performance also influenced market sentiments.

 

Upcoming Economic Events

Here are today's major economic events:

• Japan's BOJ Interest Rate Decision - 3 GMT

• Spain's Retail Sales - 7 GMT

• UK CFTC GBP NC Net Positions - 1930 GMT

• Japan's BOJ Monetary Policy Statement - 3 GMT

• US Personal Spending - 1230 GMT

• Australia's Export Price Index - 1:30 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
Japanese yen weakens despite government warnings

Japanese yen weakens despite government warnings

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is prepared to act against excessive currency volatility.
RoboForex | 4h 52min ago
Daily Global Market Update

Daily Global Market Update

Bitcoin fell 0.2% against the dollar after a 1.8% rise. Amazon's stock corrected by 0.1%, but the MACD indicator is positive. The Australian dollar dropped 0.3% against the dollar, with an overbought market. Gold declined 0.5% against the dollar, with a negative MACD signal. Oil prices closed lower, and the Canadian dollar weakened. Bitcoin exchange inflows are at decade lows.
Moneta Markets | 5h 6min ago
Persisting pressure on crypto

Persisting pressure on crypto

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Persisting pressure on crypto
FxPro | 5h 34min ago
BTC slides further below $60,000 after an eye-opening week

BTC slides further below $60,000 after an eye-opening week

At the time of writing, Bitcoin is struggling to reclaim the $60,000 mark at the start of May after an April slide reminiscent of November 2022. Bitcoin’s tough week has dealt another eye-opening blow to the notion that the cryptocurrency could play the role of “digital gold”—with analysts noting that Bitcoin has more of a correlation with traditional markets than it has with Gold.
Deriv | 1 day ago