Daily Global Market Update

The pound dipped 0.1%, Bitcoin fell 1.8%, oil decreased 0.2%, and AUD/USD corrected down 0.1%. Coinbase reopened XRP trading in New York. UK stocks fell amid election uncertainty, and oil prices dropped to their lowest since February. Key upcoming economic releases include UK retail sales, US durable goods orders, and Germany's GDP.

Moneta Markets | 34 days ago

Pound-Dollar Recent Movements

The pound dipped a slight 0.1% against the dollar in the last session. The ROC is giving a negative signal.

Bitcoin's Significant Drop

The Bitcoin-dollar pair dove 1.8% in the last session. The RSI is giving a positive signal.

Oil Market's Decline

The oil dipped a slight 0.2% against the dollar in the last session. The MACD is giving a positive signal.

AUD/USD Pair's Correction

The AUD/USD pair corrected downwards in the last session, falling 0.1%. The CCI is giving a negative signal.

Global Financial Headlines

Coinbase's Chief Legal Officer, Paul Gruel, announced that customers in New York could once again trade XRP on the crypto exchange after a 9-month hiatus. The UK's main stock indexes closed lower for a third consecutive session amid political uncertainty ahead of the UK elections in July, while news of slower growth across businesses in May weighed on sentiment. Oil prices fell about 1% to their lowest level since February, sliding for a fourth consecutive session as the prospect of higher longer US interest rates raised worries about demand growth in the world's biggest oil market.

Upcoming Economic Highlights

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

• UK's Retail Sales - 0600 GMT

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

• Japan CFTC JPY MC Net Positions - 1930 GMT

• US Durable Goods Orders - 1230 GMT

• US Non-Defense Capital Goods Orders - 1230 GMT

• Germany's Gross Domestic Product - 0600 GMT

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

AUD/USD surged, buoyed by RBA confidence and inflation growth

The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer price index increased to 4.0% y/y from the last 3.6%, surpassing the less ambitious forecast of 3.8%.

RoboForex | 1 day ago

Daily Global Market Update

Bitcoin surged 2.5% but may be overbought. Alibaba stock dipped 0.9% and is oversold. AUD/USD down slightly but could rise soon. Gold price fell 0.4% but might rebound. Oil prices dropped 1% on weak US consumer confidence. US dollar stays strong due to Fed rate cut expectations. Watch out for upcoming economic data from US, Finland, France and Japan.

Moneta Markets | 1 day ago

Euro Extends Fall on Weak Economic Outlook, DXY Edges Higher

The Euro (EUR/USD) extended its fall, settling at 1.0712 (1.0735) with French elections due to begin this weekend. Broad-based US Dollar strength also weighed on the Euro.

ACY Securities | 1 day ago

EURUSD, USDCAD, AUDUSD

US Core PCE index could affect EURUSD’s performance; Canadian CPI expected to fall; USDCAD still falling; AUDUSD may remain in range after Australian CPI

XM Group | 2 days ago

Daily Global Market Update

Oil dipped slightly, while currencies remained mostly flat. Gold tumbled on strong US data, stocks dipped slightly. Watch for economic data releases today from US, Eurozone, Germany, Japan and UK.

Moneta Markets | 3 days ago

Dollar Index (DXY) Pushes Higher on Strong S&P PMI Data

Solid US S&P Manufacturing and Services PMIs lifted the Dollar Index (DXY) to105.80, from 105.65, its strongest finish since late April. A surge in Services to 55.1, which beat estimates at 53.4, strengthened the case for fewer Fed rate cuts. The solid state of the US economy kept bond yields steady, at their recent highs.

ACY Securities | 3 days ago

USD/JPY Soars to Just Under 159, Risks BOJ Intervention

The Dollar soared to 158.90 Japanese Yen from 158.00 yesterday, boosted by higher US bond yields. It was the sixth straight rally for the Greenback against the Japanese currency.

ACY Securities | 6 days ago

Daily Global Market Update

The British Pound fell 0.4% against the US dollar, while Bitcoin rose 0.2%. Oil prices increased on lower US stockpiles, and AUD/USD dipped slightly. Japan's economic data and Europe's finance meeting are on tap today.

Moneta Markets | 6 days ago

EURUSD	1.07041	GBPUSD	1.26488	AUDUSD	0.66466
USDJPY	160.725	USDCAD	1.36919	USDCHF	0.898