Daily Global Market Update

Gold, euro, and pound experienced mixed movements in the last session. Bitcoin saw a significant decline. The MACD, Ultimate Oscillator, RSI, and Williams Percent Range indicators suggest varying trends for these assets. Global financial markets were flat to lower as investors awaited economic data and Fed comments. FTX token surged amid bankruptcy distribution news.

Moneta Markets | 4 days ago

Gold's Decline in the Market

Gold fell by 1% against the dollar in the last trading session. The MACD is currently giving a positive signal, which contrasts with the recent price movement.

Euro's Downward Movement

The EUR/USD pair experienced a decline, dropping 0.3% in the last session. The Ultimate Oscillator is currently signalling a negative trend.

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The RSI is giving a negative signal, suggesting potential downward pressure.

Bitcoin's Significant Drop

Bitcoin paired with the dollar plummeted by 2.8% in the last session. The Williams Percent Range indicator is giving a negative signal, aligning with the recent price movement.

Global Financial Headlines

Wall Street's main indexes were flat to lower in choppy trading as investors paused after the previous week's rally. Caution prevailed ahead of numerous job reports and comments from Federal Reserve policymakers, including Chair Jerome Powell. The native cryptocurrency of the bankrupt crypto exchange FTX has seen bullish action amid looming bankruptcy distributions, with FTX token surging by more than 70% to multi-month highs. China's stock markets have been on a tear since Beijing rolled out a flurry of stimulus measures last week and over the weekend to boost the beaten-down market and revive a slowing economy. The Blue Chip CSI300 index closed up 8.4% to its highest level in more than a year.

Upcoming Economic Highlights

Key economic events to look out for include:

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

• Japan's Monetary Base - 2350 GMT

• US ISM Manufacturing Employment Index - 1400 GMT

• US ISM Manufacturing PMI - 1400 GMT

• Australia's Retail Sales - 0030 GMT

• Dutch Retail Sales - 0430 GMT

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EUR/USD hits three-week low amid ECB easing expectations

The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish economic growth and inflation rates falling below the ECB’s 2% target in the Eurozone.

RoboForex | 1 day ago

The US Dollar A Comprehensive Analysis of Recent Trends and Future Outlook

The US dollar (USD) experienced a 1.0% decline on the DXY index in September, representing a relatively moderate drop compared to the 2.3% decrease seen in August.

ACY Securities | 1 day ago

Where is EURUSD Heading for the Month of October?

The euro continued its upward trend through September, bolstered by a notable improvement in financial market conditions across the region. Current market sentiment, as captured by the Overnight Index Swaps (OIS) market, now indicates a shift in expectations for the European Central Bank (ECB).

ACY Securities | 1 day ago

Bank of England Signals Possible Acceleration in Rate Cuts Amidst Slowing Economic Growth

The Bank of England (BoE) is indicating a potential shift in its monetary policy, suggesting that interest rate cuts might be implemented sooner than previously forecasted.

ACY Securities | 1 day ago

Daily Global Market Update

GBP/USD, BTC/USD, OIL/USD declined, while AUD/USD rose. IMF calls for El Salvador to scale back Bitcoin policies. Oil prices surge on Middle East tensions. Gold prices steady as investors reassess Fed rate cut expectations.

Moneta Markets | 1 day ago

Pound Lose Ground on BoE Dovish Tone

The Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey.

PU Prime | 1 day ago

Daily Global Market Update

The Euro/USD pair experienced a small decline, while the USD/JPY pair saw a significant increase. Gold traded sideways, and Apple stock rose slightly. The dollar reached a 3-week high against the Euro following the ADP National Employment Report. Markets remain cautious amid geopolitical tensions in the Middle East.

Moneta Markets | 2 days ago

Yen Capitulates on Ishiba Dovish Tone

Japan's Nikkei 225 jumped at the market's open, driven by a surprise statement from new Prime Minister Ishiba, who expressed caution about another rate hike this year, citing the economy's unpreparedness. This dovish outlook fueled gains in Japanese equities. However, the Japanese Yen weakened considerably in the last session, sliding more than 2% against a strengthened U.S. dollar.

PU Prime | 2 days ago

EURUSD	1.0975	GBPUSD	1.3122	AUDUSD	0.66385
USDJPY	148.716	USDCAD	1.33666	USDCHF	0.85806