cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all

Daily Global Market Update

Play Video

Daily Global Market Update

Euro's Positive Movement

The Euro gained 0.3% against the dollar in the last session. The Ultimate Oscillator is giving a positive signal.



Dollar-Yen's Sideways Trend

The USD/JPY pair traded sideways in the last session. The Rate of Change (ROC) is giving a positive signal.



Gold's Upward Movement

Gold rose 0.3% against the dollar in the last trading session. The RSI indicates an overbought market.



Tesla's Stock Performance

Tesla's stock gained 1% in the last session. The Ultimate Oscillator is giving a negative signal.



Global Financial Headlines

The Canadian dollar strengthened modestly against its US counterpart as oil prices rose. US stock indexes were mixed, with the Dow gaining and the tech-heavy NASDAQ falling. Shares of Alphabet rose 4.1% after beating expectations for Q3 revenue and profit. German inflation rose more than expected in October to 2.4%.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Initial Jobless Claims - 12:30 GMT
  • Australia's Retail Sales - 03:30 GMT
  • Australia's Export Price Index - 03:30 GMT
  • US Personal Income - 12:30 GMT
  • Eurozone's Unemployment Rate - 10:00 GMT
  • Japan's BOJ Interest Rate Decision - 03:00 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Bitcoin's Significant Surge

The Bitcoin/USD pair skyrocketed by 4.1% in the last session. The Ultimate Oscillator is giving a positive signal.



Meta's Upward Movement

Meta shares rose by 1.7% in the last session. The CCI is giving a positive signal.



Aussie's Decline

The Aussie dropped 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal.



Gold's Record High

The Gold/USD pair skyrocketed by 1% in the last session. The CCI indicates an overbought market.



Global Financial Headlines

Gold prices hit a record high due to uncertainties surrounding the US presidential election and the Middle East conflict, along with expectations of an interest rate cut by the Federal Reserve. The dollar reached three-month highs against the Yen but remained stable against most majors as traders await next week's US election and a slew of incoming economic data. Alameda Research, a subsidiary of the bankrupt crypto exchange FTX, has initiated legal action against Qoin to recover over $50 million in locked assets, according to an October 28th filing. The funds have been frozen by the crypto exchange Qoin since FTX's collapse in November 2022.


Upcoming Economic Highlights

Key economic events to look out for include:

  • Germany's Unemployment Change - 0855 GMT
  • US ADP Employment Change - 1215 GMT
  • Japan's Retail Trade - 2350 GMT
  • Japan's Large Retailer Sales - 2350 GMT
  • Australia's Consumer Price Index - 0030 GMT
  • French Gross Domestic Product - 0630 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Gold's Minor Rise

The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal.



Euro's Upward Correction

The Euro-Dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a positive signal.



Pound's Sideways Movement

The Pound-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.



Bitcoin's Significant Movement

The Bitcoin-Dollar pair exploded 1.3% in the last session. The ROC is giving a negative signal.



Global Financial Headlines

Wall Street rose ahead of a packed week of earnings from mega-cap companies and the final stretch before the November 5th election. Sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Digital asset inflows experienced a notable surge in the week ending October 25th, reaching $91 million, largely fuelled by a spike in Bitcoin transactions, propelling year-to-date totals to $27 billion. Cybersecurity firm CrowdStrike sued Delta Airlines after a faulty software update prompted a global outage in July, leading to worldwide flight cancellations and impacting industries including banks, healthcare, media companies, and hotel chains.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Consumer Confidence - 14:00 GMT
  • US JOLTS Job Openings - 14:00 GMT
  • US Redbook Index - 12:55 GMT
  • Irish Retail Sales - 11:00 GMT
  • Austrian Purchasing Manager Index - 09:00 GMT
  • Belgian Gross Domestic Product - 10:00 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Crude Oil's Significant Decline

Oil experienced a notable decline, closing 0.9% lower after an intra-session dip of 1.9%. The RSI indicator is currently showing a negative signal.



Australian Dollar's Upward Movement

The AUD/USD pair showed a slight upward correction, gaining 0.1% in the last session. The Stochastic indicator is providing a positive signal.



Euro's Positive Performance

The EUR/USD pair advanced by 0.4% in the last session. The RSI indicator is showing a positive signal.



Japanese Yen's Strength

The USD/JPY pair saw the dollar decline by 0.5% against the yen in the last trading session. The Williams Percent Range indicator is showing a negative signal.



Global Financial Headlines

Oil markets remain in focus following Israel's retaliatory strike on Iran, which notably avoided disrupting oil infrastructure and nuclear facilities. Oil futures saw a 4% gain last week amid market uncertainty. China's industrial sector faced challenges with September profits declining 27.1% year-over-year, marking the steepest monthly drop of the year. In technology sector news, Nvidia has surpassed Apple as the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion.


Upcoming Economic Highlights

Key economic events to watch include:

  • US Dallas Fed Manufacturing Business Index - 1430 GMT
  • US 3-Month Bill Auction - 1530 GMT
  • Finland's Consumer Confidence - 0600 GMT
  • Finland's Industrial Confidence - 0600 GMT
  • Japan's Jobs Applicants Ratio - 2330 GMT
  • Japan's Unemployment Rate - 2330 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Pound's Positive Movement

The GBP/USD pair rose by 0.4% in the last session. The Stochastic RSI is giving a positive signal.



Bitcoin's Surge

The Bitcoin/USD pair skyrocketed by 2.2% in the last session. The Ultimate Oscillator is giving a positive signal.



Oil's Decline

The Oil/USD pair closed 0.9% in the red. The RSI is giving a negative signal.



Aussie's Minor Gain

The AUD/USD pair made a minor upward correction, gaining 0.1% in the last session. The Stochastic indicator is giving a positive signal.



Global Financial Headlines

Cardano is set to gain access to \$1.3 trillion in Bitcoin liquidity through a new integration with Bitcoin OS. Sales of new US single-family homes increased to the highest level in nearly 1.5 years in September. Oil prices eased nearly 1% amid reports of potential US-Israel ceasefire talks in Gaza.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Durable Goods Orders - 12:30 GMT
  • US Non-Defense Capital Goods Orders - 12:30 GMT
  • Germany's Ifo Business Climate - 8:00 GMT
  • Germany's Ifo Current Assessment - 8:00 GMT
  • Japan's CFTC JPY NC Net Positions - 19:30 GMT
  • UK's CFTC GBP NC Net Positions - 19:30 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

EUR/USD's Downward Movement

The EUR/USD pair experienced a minor decline of 0.1% in the latest trading session. The Rate of Change (ROC) indicator is currently showing a negative signal.



USD/JPY's Strong Performance

The dollar strengthened against the Japanese yen, gaining 0.9% in the latest session. The Ultimate Oscillator suggests the market is currently in overbought territory.



Gold's Sharp Decline

Gold experienced a significant drop of 1.1% in the latest trading session. The Stochastic RSI indicates bearish momentum.



Amazon Stock Under Pressure

Amazon shares declined by 2.2% in the latest session. The Stochastic RSI is showing bearish signals.



Market Headlines

The Canadian dollar has weakened to an 11-week low against its US counterpart following the Bank of Canada's significant interest rate cut. Wall Street experienced a decline, led by mega-cap stocks, as US Treasury yields increased and investors became more skeptical about aggressive Federal Reserve rate cuts. Both McDonald's and Coca-Cola faced pressure from corporate news. Additionally, US existing home sales fell to a 14-year low in September, affected by elevated mortgage rates and house prices, marking the second consecutive monthly decline.


Upcoming Economic Events

Key economic releases to watch:

  • Japan's Jibun Bank Manufacturing PMI - 0030 GMT
  • UK's GfK Consumer Confidence - 2301 GMT
  • US Initial Jobless Claims - 1230 GMT
  • German Buba Monthly Report - 1000 GMT
  • US Chicago Fed National Activity Index - 1230 GMT
  • Finland's Producer Price Index - 0500 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Bitcoin's Modest Gain

The Bitcoin/USD pair gained 0.1% in the last session after experiencing a 1.1% dip during the session. The Rate of Change (ROC) indicator is giving a positive signal.



NIO's Stock Movement

NIO stock gained 0.9% in the last session after rising as much as 3.5% during the session. The Stochastic indicator suggests the market is oversold.



Aussie Dollar's Positive Signal

The AUD/USD pair gained 0.4% in the last session. The Stochastic RSI is giving a positive signal.



Gold's Positive Trend

Gold rose 0.9% against the dollar in the last trading session. The MACD is giving a positive signal.



Global Financial Headlines

Oil prices rose for the second consecutive session as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance. The US dollar rose to a fresh 2.5-month high, continuing its recent rise on expectations the Federal Reserve will temper its rate cut path while investors positioned ahead of a tight US presidential election. Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralised exchanges gain momentum. Binance, the world's biggest crypto exchange, saw a 133% year-over-year decline in spot trading volume.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Fed's Beige Book - 18:00 GMT
  • US MBA Mortgage Applications - 11:00 GMT
  • Eurozone's Consumer Confidence - 14:00 GMT
  • Germany's 10Y Bond Auction - 09:30 GMT
  • Japan's Foreign Bond Investment - 23:50 GMT
  • Japan's Foreign Investment in Japan Stocks - 23:50 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Gold's Minor Correction

The gold-dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the RSI, we are in an overbought market.



Euro's Decline

The Euro fell 0.4% against the dollar in the last session. The Rate of Change (ROC) is giving a negative signal.



Pound's Downturn

The pound fell 0.5% against the dollar in the last trading session. According to the Williams Percent Range indicator, we are in an oversold market.



Bitcoin's Decline

The Bitcoin-dollar pair dove 1.9% in the last session. The Stochastic RSI is giving a negative signal.



Global Financial Headlines

Wall Street lost ground, retreating after a strong rally the previous week as investors awaited earnings from major companies. A jump in treasury yields added pressure, with the yield on the benchmark 10-year bond rising to a 12-week high. Cryptocurrency investment products recorded their biggest inflows since July, hitting the $2.2 billion weekly mark, according to CoinShares. Shares of Spirit Airlines surged as much as 46% after reaching a deal with its credit card processor to extend a debt refinancing deadline by two months until December 23rd.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Redbook Index - 1255 GMT
  • US API Weekly Crude Oil Stock - 2030 GMT
  • Dutch Consumer Confidence Adjusted - 0430 GMT
  • Finland's Unemployment Rate - 0500 GMT
  • Belgian Consumer Confidence Index - 0900 GMT
  • UK's Public Sector Net Borrowing - 0600 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Oil's Decline Against the Dollar

The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.



Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.



Euro's Sideways Movement

The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.



Dollar's Decline Against the Yen

The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.



Global Financial Headlines

Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US 3-month Bill Auction - 1530 GMT
  • US 6-month Bill Auction - 1530 GMT
  • Germany's Producer Price Index - 0600 GMT
  • China's PBOC Interest Rate Decision - 0115 GMT
  • New Zealand's Exports - 2145 GMT
  • New Zealand's Imports - 2145 GMT
Read more

Daily Global Market Update

Play Video

Daily Global Market Update

Pound's Upward Correction

The GBP/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a positive signal.



Bitcoin's Decline

The Bitcoin/USD pair fell by 0.9% following a 1.3% intraday dip. The MACD is giving a positive signal.



Oil's Stability

The price of US Crude Oil remained largely unchanged in the last session. The Stochastic RSI indicates an oversold market.



Aussie's Gain

The Australian dollar gained 0.4% against the US dollar in the last session. The MACD is giving a negative signal.



Global Financial Headlines

Cumulative flows into spot Bitcoin ETFs have exceeded $20 billion, following four consecutive days of inflows in the US. Oil prices slipped slightly as investors awaited developments in the Middle East, while falling US crude inventories provided some support. Gold prices hit record highs amid uncertainty surrounding the US presidential elections and the Middle East conflict, with an easing monetary policy environment keeping prices elevated.


Upcoming Economic Highlights

Key economic events to look out for include:

  • UK's Retail Sales - 6:00 GMT
  • UK's CFTC GBP NC Net Positions - 19:30 GMT
  • US Housing Starts - 12:30 GMT
  • US Monthly Budget Statement - 18:00 GMT
  • Japan's CFTC JPY NC Net Positions - 19:30 GMT
  • Eurozone's Current Account - 8:00 GMT
Read more

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes