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Daily Global Market Update

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Daily Global Market Update

Gold's Recent Performance

Gold declined by 0.4% against the dollar in the last trading session. The Stochastic indicator is currently providing a negative signal.



Euro's Positive Signal

The Euro fell by 0.4% against the dollar in the last session. However, the MACD is signalling a positive trend.



Pound's Positive Correction

The GBP/USD pair decreased by 0.4% in the last session. The Stochastic indicator is giving a positive signal, indicating potential recovery.



Bitcoin's Oversold Market

Bitcoin fell by 1.9% against the dollar in the last session after experiencing a 2.8% intraday dip. The Stochastic RSI indicates the market is currently oversold.



Global Financial Updates

The S&P 500 and NASDAQ indices saw gains, with the benchmark S&P 500 briefly hitting an all-time high driven by technology stocks. Ether investment funds set a record inflow of $2.2 billion in 2024, surpassing its 2021 performance. Meanwhile, the United States announced new export restrictions on China's semiconductor industry, targeting 140 companies, including Nora Technology Group.


Upcoming Economic Highlights

Key upcoming events include:

  • Japan's Labour Cash Earnings - 2330 GMT
  • US Red Book Index - 1355 GMT
  • UK's BRC Retail Sales - 0001 GMT
  • Japan's Overall Household Spending - 2330 GMT
  • Eurozone's Unemployment Rate - 1000 GMT
  • Germany's Industrial Production - 0700 GMT
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Daily Global Market Update

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Daily Global Market Update

Oil's Decline Against the Dollar

The oil-dollar pair experienced a downward correction in the last session, falling by 0.2%. The Stochastic RSI is indicating a negative signal.



Aussie Dollar's Minor Rise

The Australian dollar rose slightly by 0.1% against the US dollar in the last session. The Rate of Change (ROC) indicator is signalling a positive trend.



Euro's Modest Climb

The euro-dollar pair saw a modest rise of 0.2% in the last session. The Rate of Change (ROC) indicator continues to signal positive momentum.



Yen Weakens Against the Dollar

The dollar-yen pair declined sharply by 1.1% in the last session. The MACD indicator is currently pointing to a negative trend.



Global Financial Headlines

China's factory activity expanded for a second consecutive month in November, reflecting the impact of recent stimulus measures. Meanwhile, the S&P 500 and Dow Jones reached record highs during a shortened Black Friday session, driven by technology stocks and increased retail activity. Investors are now awaiting the release of critical US employment data, which could influence the trajectory of interest rates and market sentiment.


Upcoming Economic Highlights

Key events in the upcoming days include:

  • China's PMI data release
  • US Non-Farm Payrolls and Unemployment Rate
  • Eurozone Retail Sales
  • UK Manufacturing Output
  • Japan's Leading Economic Index
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Daily Global Market Update

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Daily Global Market Update

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating potential bullish momentum.



Bitcoin's Negative Momentum

Bitcoin paired with the dollar dropped by 0.7% in the last session. The Ultimate Oscillator is giving a negative signal, aligning with bearish sentiment.



Oil's Modest Gain

The price of oil gained 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal, suggesting a possible bearish reversal.



Aussie's Stable Performance

The AUD/USD pair remained largely unchanged during the last session. The Rate of Change (ROC) is giving a positive signal, suggesting potential upward momentum.



Global Financial Headlines

Cryptocurrency hackers have reportedly stolen $1.5 billion in 2023, with $71 million stolen in November alone. Meanwhile, German annual inflation remained flat at 2.4% in November, breaking a downward trend. Oil prices edged higher following tensions in the Middle East and OPEC+ delays in extending production cuts.


Upcoming Economic Highlights

Key economic events to monitor include:

  • Japan's Household Spending Data - 2330 GMT
  • US Consumer Confidence Index - 1400 GMT
  • Eurozone GDP Growth Rate - 1000 GMT
  • UK Manufacturing PMI - 0930 GMT
  • OPEC Meeting Results
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Daily Global Market Update

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Daily Global Market Update

Euro's Positive Momentum

The EUR/USD pair rose by 0.7% in the last trading session, with the RSI giving a positive signal, suggesting further bullish momentum.



Yen Weakens Further

The USD/JPY pair fell by 1.3% in the last session, following a 1.6% drop in the previous session. The ROC indicator is currently signalling a negative trend, pointing to continued weakness.



Gold's Steady Correction

The Gold/USD pair saw a minor upward correction in the last session, gaining 0.2%. The Stochastic indicator is providing a positive signal, supporting potential gains in the short term.



Alibaba Stock Dips

Alibaba stock fell by 0.1% in the last session. The ROC indicator is showing a negative signal, suggesting a bearish outlook.



World Financial News

The Canadian dollar continued its recovery from a 4.5-year low as investors speculated on a successful negotiation to avoid US trade tariffs and awaited domestic GDP data. Meanwhile, Wall Street's main indices declined, with the NASDAQ leading losses as technology stocks slumped ahead of Thanksgiving. US consumer spending rose slightly more than expected in October, maintaining solid economic momentum, but inflation progress appeared stalled.


Upcoming Economic Highlights

Key economic events include:

  • Canada GDP Data
  • US Inflation Figures
  • Eurozone Consumer Confidence
  • UK Retail Sales Report
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Daily Global Market Update

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Daily Global Market Update

Bitcoin's Negative Outlook

The Bitcoin/USD pair experienced a 1.6% dip during the last session, followed by a 0.4% overall drop. The MACD indicator is signalling a negative trend.



Alibaba Bar Stock's Stability

Alibaba Bar stock saw a minor decline of 0.2% in the last session. However, the Stochastic RSI is giving a positive signal, suggesting potential upward momentum.



Aussie Dollar's Downward Correction

The AUD/USD pair corrected downwards, falling 0.1% in the last session. The Stochastic indicator is signalling a positive outlook, indicating potential recovery.



Gold's Steady Rise

Gold rose by 0.4% in the last session, recovering from earlier lows. The Ultimate Oscillator is signalling positive momentum, supporting the bullish outlook.



Global Financial Headlines

Gold prices faced a tug-of-war as safe-haven demand softened amid optimism over a potential Israel-Hezbollah ceasefire. However, concerns over Ukraine and US tariff plans provided some support. Oil prices fell sharply after Israel agreed to a ceasefire deal with Lebanon, lowering risk premiums and causing benchmarks to drop around 1%. Meanwhile, cryptocurrency ownership in the UK has reached 12%, prompting increased regulatory attention from the Financial Conduct Authority.


Upcoming Economic Highlights

Key events to watch this week include:

  • Japan’s Labour Cash Earnings - 2330 GMT
  • US Redbook Index - 1355 GMT
  • UK’s BRC Retail Sales - 0001 GMT
  • Japan’s Overall Household Spending - 2330 GMT
  • Eurozone’s Unemployment Rate - 1000 GMT
  • Germany’s Industrial Production - 0700 GMT
Read more

Daily Global Market Update

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Daily Global Market Update

Gold's Significant Decline

The Gold-Dollar pair plummeted by 3.8% in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal.



Euro's Slight Recovery

The EUR/USD pair gained 0.1% in the last session. The CCI is giving a positive signal, indicating potential for further upward movement.



Pound's Slight Decline

The GBP/USD pair fell by 0.2% in the last session. The Ultimate Oscillator is signalling a positive outlook, suggesting potential recovery.



Bitcoin's Major Drop

The Bitcoin-Dollar pair plunged 2.9% in the last session. The Williams Percent Range is giving a negative signal, indicating bearish momentum.



Global Financial Updates

The MSCI Global Equities Index rose slightly as the US dollar weakened, accompanied by a drop in government bond yields. Native tokens from various DeFi protocols surged above 50% in November, reflecting investor confidence post-US elections. Meanwhile, the total value locked on DeFi protocols reached $18.4 billion, marking a three-year high. In other news, Apple’s proposed $100 million investment for a plant in Indonesia faced rejection due to local content requirements for smartphones.


Upcoming Economic Events

Key economic updates to monitor include:

  • US Non-Farm Payrolls - 1330 GMT
  • UK Consumer Price Index - 0700 GMT
  • Eurozone GDP Growth Rate - 1000 GMT
  • Japan Machinery Orders - 2330 GMT
  • Germany's Trade Balance - 0600 GMT
Read more

Daily Global Market Update

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Daily Global Market Update

Oil's Skyrocketing Movement

The oil-dollar pair surged by 1.4% in the last session. The Ultimate Oscillator is indicating a positive signal, suggesting a bullish trend.



Aussie Dollar's Minor Dip

The AUD/USD pair dipped slightly by 0.1% during the last session. The Ultimate Oscillator is once again giving a positive signal.



Euro's Decline

The Euro lost 0.5% against the dollar in the last session. The MACD is currently signalling a negative trend, suggesting further bearish momentum.



Dollar-Yen's Upwards Correction

The USD/JPY pair rose slightly by 0.1% in the last session. The Stochastic RSI indicates the market is oversold, suggesting potential bullish opportunities ahead.



Global Financial Highlights

Global equities marked a strong weekly gain as US Treasury yields retreated. The S&P 500 advanced 1.7%, approaching record highs. Amazon has doubled its investment in Anthropic, pouring another $4 billion into the AI-focused firm. Meanwhile, Bitcoin remains near the $100,000 threshold, as traders prepare for potential market-shifting policies from Donald Trump’s incoming administration.


Upcoming Economic Events

Key economic events to monitor include:

  • Japan's Labour Cash Earnings - 2330 GMT
  • US Red Book Index - 1355 GMT
  • Eurozone's Retail Sales - 1000 GMT
  • Germany's Industrial Production - 0700 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Pound's Decline Against the Dollar

The GBP/USD pair dropped by 0.5% during the last session. The MACD is currently providing a negative signal, suggesting potential bearish momentum.



Bitcoin's Accelerated Growth

Bitcoin surged by 4% against the dollar in the last session. The MACD is signalling a positive trend, reinforcing bullish sentiment among traders.



Oil's Steady Climb

The price of US crude oil rose by 1.5% in the last session. The Rate of Change (ROC) indicator is providing a positive signal, supporting a bullish outlook.



Aussie's Neutral Trend

The AUD/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is presenting a positive signal, hinting at a potential upward move.



Global Financial Headlines

Bitcoin's drive towards $100,000 has gained momentum as traders anticipate a more favourable regulatory environment in the US under President-elect Donald Trump. Jobless claims in the US fell to a 7-month low last week, hinting at recovery in the labour market. Meanwhile, gold prices rose for the fourth consecutive session, bolstered by safe-haven demand amid geopolitical concerns and lacklustre corporate earnings from Nvidia.


Upcoming Economic Highlights

Key economic events to monitor include:

  • Japan’s Labour Cash Earnings – 2330 GMT
  • US Redbook Index – 1355 GMT
  • UK’s BRC Retail Sales – 0001 GMT
  • Japan’s Overall Household Spending – 2330 GMT
  • Eurozone’s Unemployment Rate – 1000 GMT
  • Germany’s Industrial Production – 0700 GMT

Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Euro's Oversold Market

The EUR/USD pair fell by 0.7% in the last session. The Williams Percent Range indicator signals that the market is currently oversold.



Dollar's Positive Momentum

The USD/JPY pair gained 0.3% in the last session. The MACD is giving a negative signal, indicating potential bearish momentum.



Gold's Positive Signal

Gold rose by 0.5% against the dollar in the last session. The Stochastic RSI is indicating a positive signal, suggesting potential upward momentum.



Amazon's Bearish Trend

Amazon's stock dropped 1% in the last session. The Stochastic indicator is signalling a negative trend, pointing towards potential further declines.



Global Financial Headlines

Global shares edged lower amid renewed geopolitical tensions between Russia and the West. Bitcoin reached a record high, and the US dollar strengthened following renewed post-election rallies. British inflation exceeded expectations, rising back above the Bank of England’s 2% target at 2.3% annually, as underlying price growth also accelerated.


Upcoming Economic Highlights

Key economic events to watch for include:

  • US Consumer Sentiment Index – 1500 GMT
  • Eurozone Industrial Production – 1000 GMT
  • UK Unemployment Rate – 0700 GMT
  • Japan Machinery Orders – 2330 GMT
  • US Initial Jobless Claims – 1230 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Bitcoin's Market Momentum

The Bitcoin/USD pair surged by 3.3% during the last trading session. Despite the rise, the Rate of Change (ROC) indicator is signalling a negative trend.



Tesla's Stock Volatility

Tesla's stock rose by 2.2% in the last session, hitting an intraday high of 3.3%. The Ultimate Oscillator is providing a negative signal, suggesting caution for potential investors.



Aussie Dollar's Modest Gains

The AUD/USD pair increased by 0.3% in the last session. The MACD indicator is currently pointing to a negative trend.



Gold's Safe Haven Appeal

The Gold/USD pair climbed by 0.6% in the last session, briefly gaining as much as 1%. The Stochastic RSI indicator is providing a positive signal, reflecting strong momentum in the market.



Global Financial News Highlights

Gold prices reached a one-week high as escalating Russia-Ukraine tensions spurred a flight to safe-haven assets. The US dollar, Swiss franc, and Japanese yen saw a surge in demand amidst geopolitical uncertainty. Meanwhile, Gemini, the cryptocurrency exchange, launched in France, offering access to 70 digital assets on its platform.


Upcoming Economic Events

Key economic events to monitor:

  • Japan's Labour Cash Earnings - 2330 GMT
  • US Red Book Index - 1355 GMT
  • UK's BRC Retail Sales - 0001 GMT
  • Eurozone's Unemployment Rate - 1000 GMT
  • Germany's Industrial Production - 0700 GMT

Read more

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