Daily Global Market Update

Pound, Bitcoin, Oil, and Aussie Dollar surged, with positive technical indicators. Crypto optimism rises with Trump's re-election, while the Bank of England cut rates. Nvidia hit a record high, and key economic events like Japan's Coincident Index and US Consumer Sentiment are on the horizon.

Moneta Markets | hace 48

Pound's Positive Movement

The GBP/USD pair gained 0.7% in the last session. The Stochastic indicator is giving a positive signal.

Bitcoin's Upward Surge

The Bitcoin/USD pair skyrocketed 1.1% in the last session. The Ultimate Oscillator is giving a positive signal.

Oil's Market Position

The Oil/USD pair closed 1.2% in the green. According to the Stochastic RSI, we are in an overbought market.

Aussie Dollar's Strong Performance

The AUD/USD pair exploded 1.5% in the last session. The RSI is giving a positive signal.

Global Financial Headlines

The 2024 United States presidential election has brought substantial shifts in crypto policy outlooks as Donald Trump prepares to return to the White House for a second term. Crypto advocates, including Coinbase CEO Brian Armstrong, have expressed optimism that the changes may benefit the digital assets industry. The Bank of England cut interest rates for only the second time since 2020, predicting that the British government's first budget would lead to higher inflation and economic growth. Shares of Nvidia rallied to a record high, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.

Upcoming Economic Highlights

Key economic events to look out for include:

• Japan's Coincident Index - 5 GMT

• US Michigan Consumer Sentiment Index - 15 GMT

• US USDA WDE Report - 17 GMT

• UK CFTC GBP NC Net Positions - 20:30 GMT

• Japan's Leading Economic Index - 5 GMT

• French Current Account - 7:45 GMT

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

Markets in Flux: Fed Signals, Geopolitical Tensions, and Oil Gains

The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction.

PU Prime | hace 9h 53min

ATFX Market Outlook 23rd December 2024

U.S. consumer spending is expected to remain steady for November, while the core PCE price index posted its smallest month-on-month increase this week. Last Friday, U.S. stocks experienced a sharp rise after two days of sluggishness amid lower-than-expected inflation data, and calming remarks from Federal Reserve officials alleviated market concerns about interest rate hikes.

ATFX | hace 1

Merry Christmas, Everyone! Markets Stay Subdued Amid Holiday Cheer

The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed's cautious stance on reducing borrowing costs, keeping a bearish tone in the market.

PU Prime | hace 1

2025 Outlook: What is Next for Developed Economies and Currencies?

As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.

FP Markets | hace 1

Daily Global Market Update

Gold, Euro, and Pound declined against the dollar, with negative technical signals. Bitcoin experienced mixed signals, with a slight drop despite an initial gain. US stocks rose on holiday-thin trading, buoyed by the funding bill and tech gains, particularly Apple. MicroStrategy continued its Bitcoin buying spree.

Moneta Markets | hace 2

Wall Street Rebounds Ahead of Christmas Holiday

Wall Street closed higher in yesterday's session, ahead of the Christmas holiday, with many markets expected to be closed. The “Santa Claus” rally, a phenomenon where markets often close positively in the final week of the year, is likely to have a positive impact on equity markets in the coming days.

PU Prime | hace 2

Dollar Slides after Soft PCE Releases

The U.S. PCE reading released last Friday missed expectations, shifting market sentiment and introducing uncertainty at the start of the new trading week.

PU Prime | hace 3

Daily Global Market Update

Pound weakened against the dollar, Bitcoin declined, and oil prices remained stable. The Australian dollar recovered, and the global financial landscape saw increased cryptocurrency hacking and mixed economic signals. Key economic events to watch include Japanese and European data releases.

Moneta Markets | hace 6

EURUSD	1.04019	GBPUSD	1.25235	AUDUSD	0.62251
USDJPY	157.819	USDCAD	1.43964	USDCHF	0.90074