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.

Moneta Markets | 11 days ago

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)

Tags: Analysis

EURUSD is at an equilibrium; where will it go next?

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: EURUSD is at an equilibrium; where will it go next?

FxPro | 11h 31min ago

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 | 12h 20min ago

Brent crude oil experiences modest uptick amid mixed market signals

Brent crude oil is seeing a slight increase on Tuesday, priced around $83.57 per barrel. The market remains close to two-month lows, caught between optimism for a peaceful resolution to the Middle East conflict and concerns over crude oil inventories in the United States.

RoboForex | 13h 3min ago

Bitcoin can't accelerate but won't give up trying

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin can't accelerate but won't give up trying

FxPro | 16h 2min ago

Dollar stays weak as Fed rate cut bets increase

US labor market cools more than expected - Dollar slides as two rate cuts this year become more likely - Yen retreats as intervention momentum fades - Wall Street cheers prospect of lower interest rates

XM Group | 16h 18min ago

Yen Drop on Japan FX Officials Comment

The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan's Nikkei 225 index surged over 1% this morning upon returning from Monday's holiday.

PU Prime | 19h 39min ago

Daily Global Market Update

Gold surged, euro rose slightly, pound gained, Bitcoin fell. US stocks hit highs, Hong Kong Bitcoin ETFs lag. Tesla cuts jobs. Economic events include Germany's Trade Balance, US 3-Year Note Auction, Japan's PMI, and Australia's RBA decision.

Moneta Markets | 19h 44min ago

Daily Global Market Update

Oil-dollar pair fell 1.5%, oversold. Other pairs traded sideways. Oil prices dropped on weak US jobs data, Fed rate cut talk. Berkshire Hathaway cut Apple stake, but record profit. Wall Street up on Fed rate cut hopes. Economic calendar: US bill auctions, Spain job data, Eurozone prices, UK retail, China services PMI.

Moneta Markets | 1 day ago

EURUSD	1.07474	GBPUSD	1.24954	AUDUSD	0.65816
USDJPY	154.92	USDCAD	1.37378	USDCHF	0.90864