Daily Global Market Update

GBP/USD dipped 0.1%, Bitcoin dropped 1.2%, oil gained 0.4%, and AUD/USD fell 0.3%. Venture capital funding is rising, Aquarius launched a $600M liquidity fund, and crude prices rose. Key economic releases include US Oil Rig Count and various HICP and CFTC data.

Moneta Markets | 20 days ago

GBP/USD's Minor Dip

The pound dollar pair saw a minor dip of 0.1% in the last session. The RSI is giving a positive signal.

Bitcoin's Significant Drop

The Bitcoin dollar pair plummeted by 1.2% in the last session. The CCI indicates an overbought market.

Oil's Gain Amid Market Stabilization

The oil dollar pair gained 0.4% in the last session. The ROC is giving a positive signal.

AUD/USD's Decline

The Aussie dollar pair fell by 0.3% in the last session. The Williams indicator indicates an overbought market.

Global Financial Headlines

Venture capital funding rates are soaring as the crypto bull market is back. Aquarius announced the launch of a $600 million liquidity fund to boost on-chain liquidity. GameStop and AMC fell for a second straight session as excitement over Roaring Kitty's social media return fizzles out. Crude prices edged up after data showed a stabilizing US job market, fueling expectations that the Federal Reserve could begin to cut interest rates this autumn, which should stimulate the economy and boost oil demand.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• US Baker Hughes US Oil Rig Count - 1700 GMT

• Austria's HICP - 0700 GMT

• Eurozone's Harmonized Index of Consumer Prices - 0900 GMT

• Portuguese Current Account Balance - 1000 GMT

• Japan's CFTC JPY NC Net Positions - 1930 GMT

• UK's CFTC GBP NC Net Positions - 1930 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Australia Close to a Recession: Will the RBA Allow It to Happen?

AUD: Continuing to Drift Australia's economy narrowly missed a recession: real GDP grew by just 0.1% quarter-on-quarter and 1.1% year-on-year in Q1.

ACY Securities | 4h 3min ago

Dollar Hammers by Soft U.S. Job Data

The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut.

PU Prime | 21h 3min ago

DXY Slumps, US JOLTS Job Openings Shrink to 3-Year Lows

The number of job openings in the US (JOLTS) shrank to 8.06 million in April, against median forecasts at 8.37 million, the lowest level since February 2021. March’s JOLTS number was revised lower.

ACY Securities | 1 day ago

Daily Global Market Update

Bitcoin saw a 2.3% increase, Nike's stock rose by 0.4%, AUD/USD pair declined by 0.5%, while gold dipped 1%. Oil prices fell amid supply concerns, the US dollar edged higher, and NFT sales dropped by 54% in May. Economic highlights include data from Japan, France, Eurozone, and the US.

Moneta Markets | 1 day ago

Oil Plummet on U.S. Crude Inventory Surge

Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+'s decision to increase oil supply in the fourth quarter, exerted significant downward pressure on prices.

PU Prime | 1 day ago

Soft PMI Reading Hammers Dollar Lower

The U.S. dollar remained on a downward trajectory following the release of yesterday's PMI readings, which fell short of market expectations

PU Prime | 2 days ago

Daily Global Market Update

The oil-dollar pair fell by 0.7%, AUD/USD and EUR/USD were stable, and the dollar-yen traded sideways. China’s home prices rose, Tesla's CEO faces insider trading claims, and US stock indexes varied. Key economic releases include Japan’s Manufacturing PMI, US ISM Manufacturing Index, Japan’s Monetary Base, Dutch Manufacturing PMI, UK’s Retail Sales, and US ISM Manufacturing PMI.

Moneta Markets | 3 days ago

Soft PCE Boost Equity Market

The soft PCE reading last Friday boosted the U.S. equity market, with the expectation of a more dovish Fed monetary policy in the future.

PU Prime | 4 days ago

EURUSD	1.0895	GBPUSD	1.27893	AUDUSD	0.66687
USDJPY	155.806	USDCAD	1.3667	USDCHF	0.89013