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 | 11h 38min 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

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

Diverging Monetary Paths: Bank of England's Cautious Approach vs. the US Fed’s Aggressive Easing

Recently, the Bank of England (BoE) opted to hold its ground on monetary policy, taking a markedly cautious stance compared to the US Federal Reserve’s aggressive rate cuts (I’ve covered this topic on HERE).

ACY Securities | 12h 48min ago

The Battle of Central Banks European Currencies Amid Diverging Rate Cuts

The performance of European currencies is being shaped by increasingly divergent monetary policy decisions across the region’s central banks, leading to varying outcomes in the foreign exchange markets. Among the G10 currency group, both the British Pound (GBP) and the Euro (EUR) have emerged as top performers.

ACY Securities | 12h 54min ago

Nosedive in Eurozone economic activity

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Nosedive in Eurozone economic activity

FxPro | 1 day ago

USDCHF, AUDUSD, EURUSD

SNB to cut rates as USDCHF holds within range; RBA to hold steady with AUDUSD standing near 9-month high; US core PCE index in the spotlight after Fed decision; EURUSD retreats to 1.1100

XM Group | 1 day ago

Wall Street Calm after Fed’s Rate Cut Rally

Wall Street remains at all-time highs, with major indexes standing pat, awaiting a catalyst to push them further.

PU Prime | 1 day ago

Daily Global Market Update

Oil prices rose slightly, but the market is overbought. The Australian dollar and euro traded sideways with positive indicators. The Japanese yen remained stable. Gold reached a new high amid rate cut expectations and Middle East tensions. FedEx shares plunged due to disappointing earnings. The S&P 500 hit a new record, but economic data and political uncertainty may impact future performance.

Moneta Markets | 1 day ago

Wall Street Rallies on Dovish Fed’s Policy

Wall Street surged with strong bullish momentum after digesting the FOMC interest rate decision on Wednesday.

PU Prime | 4 days ago

Daily Global Market Update

The GBP, BTC, Oil, and AUD pairs have risen significantly. The Stochastic RSI for GBP and BTC indicates overbought conditions, while the ROC for Oil and RSI for AUD suggest positive market sentiment. Coinbase has made rapid progress in the wrapped Bitcoin market. The Bank of England has maintained interest rates and paused bond holdings reduction.

Moneta Markets | 4 days ago

EURUSD	1.1153	GBPUSD	1.33854	AUDUSD	0.68767
USDJPY	143.641	USDCAD	1.3465	USDCHF	0.84585