Daily Global Market Update

Gold prices rose slightly, while the euro declined against the dollar. The pound gained slightly, and bitcoin's price was volatile. Wall Street's main indexes rose, and China's Bitcoin mining dominance persists.

Moneta Markets | 165 days ago

Gold's Positive Movement

Gold gained 0.3% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

Euro's Decline Against the Dollar

The EUR/USD pair fell 0.4% in the last trading session. The Williams Percent Range indicator is giving a negative signal.

Pound's Slight Increase

The GBP/USD pair experienced a slight increase of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal.

Bitcoin's Volatile Session

The BTC/USD pair dropped 0.2% in the last session after rising as much as 1.8% during the session. The Rate of Change (ROC) indicator is giving a negative signal.

Global Financial Headlines

Wall Street's main indexes rose as investors assessed whether a trend will develop in the week following the Federal Reserve's rate cut. The gains come amid comments from Fed policymakers and steady factory activity data, building on last week's sharp market rally after the central bank's decision to lower interest rates. Chinese Bitcoin miners still control the lion's share of the global network despite the country's ban on cryptocurrencies. Over 55% of the Bitcoin mining network is still controlled by Chinese mining pools, according to the CEO of CryptoQuant. Shares of Donald Trump's media company tumbled over 5% to a new low, extending recent losses after restrictions on insider selling expired. Six straight sessions of declines in the company, which is 57% owned by the Republican presidential candidate, have left its market capitalisation at $2.5 billion.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Red Book Index - 1255 GMT

• Germany's ifo Business Climate - 0800 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

• US Consumer Confidence - 1400 GMT

• Australia's RBA Rate Statement - 0430 GMT

• Germany's ifo Current Assessment - 0800 GMT

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Daily Global Market Update – 7th March, 2025

Financial markets are displaying notable movements across currency pairs, precious metals, and indices, with investors keenly awaiting the release of the US Nonfarm Payrolls (NFP) report later today. Here’s a breakdown of the key developments shaping the market landscape:

Moneta Markets | 19h 40min ago

Market Update: March 6, 2025

Financial markets exhibited a dynamic mix of gains and retreats on Thursday, March 6, 2025, driven by currency movements, commodity price shifts, and central bank signals. Here’s a breakdown of the day’s key developments:

Moneta Markets | 21h 20min ago

EUR/USD holds firm as the US dollar ends the week with losses

EUR/USD is trading near 1.0806 on Friday, maintaining its position despite failing to extend its gains further. Investors are focused on the upcoming US employment data for February, which will be released later today.

RoboForex | 22h 0min ago

ATFX Market Outlook 5th March 2025

U.S. stocks declined on Tuesday, with the Nasdaq nearing correction territory due to President Trump's new tariffs on Canada and Mexico. The Dow fell 1.55%, the S&P 500 dropped 1.22%, and the Nasdaq decreased by 0.35%.

ATFX | 2 days ago

ATFX Market Outlook 4th March 2025

U.S. stock indices dropped sharply on Monday following Trump's announcement of 25% tariffs on Canada and Mexico, raising trade war fears. The Dow fell 1.48%, the S&P 500 declined 1.76%, and the Nasdaq dropped 2.64%. The dollar index weakened by 0.48% but gained against tariff-affected currencies, with the euro rising to 1.0468 and the yen to 150.23. Gold prices surged over 1% to $2,891.72

ATFX | 4 days ago

ATFX Market Outlook 3rd March 2025

In January, U.S. consumer spending experienced its first decline in nearly two years, marking the largest drop in almost four years, although overall data met expectations. Despite this, U.S. stocks finished Friday higher, with the Dow Jones up 1.39%, the S&P 500 rising 1.59%, and the Nasdaq increasing by 1.63%.

ATFX | 4 days ago

ATFX Market Outlook 27th February 2025

U.S. President Donald Trump announced that new tariffs on imports from Mexico and Canada would take effect on April 2, delaying the original deadline and raising hopes for further postponement. U.S. stocks closed mostly flat, with the Dow down 0.43%, while Nvidia's strong quarterly earnings boosted the Nasdaq, which rose 0.26%.

ATFX | 9 days ago

EUR/USD appreciates as optimism builds around Germany’s fiscal plans

EUR/USD climbed to 1.0504 on Wednesday, nearing its monthly high of 1.0528. The pair gained momentum following positive news from Germany, fuelling market optimism.

RoboForex | 9 days ago

EURUSD	1.08464	GBPUSD	1.29232	AUDUSD	0.63081
USDJPY	147.896	USDCAD	1.43746	USDCHF	0.87974