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Daily Global Market Update

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Daily Global Market Update

Bitcoin's Upward Momentum

The Bitcoin/USD pair skyrocketed by 3.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.



Google's Steady Rise

Google shares saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal.



Aussie's Positive Signal

The Aussie gained 0.7% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal.



Gold's Minor Correction

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



Global Financial Headlines

Oil prices edged up about 1% on a weaker US dollar, coinciding with a closely contested US presidential election. OPEC+ delayed plans to increase production in December, contributing to a previous 2% rise in oil prices. Meanwhile, a consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has launched a new stablecoin pegged to the US dollar, aiming to boost global adoption.


Upcoming Economic Highlights

Key economic events to watch include:

  • US MBA Mortgage Applications - 12:00 GMT
  • US EIA Crude Oil Stocks Change - 15:30 GMT
  • Germany's Factory Orders - 07:00 GMT
  • Eurozone's Producer Price Index - 10:00 GMT
  • Japan's Labour Cash Earnings - 23:30 GMT
  • Japan's Jibun Bank Services PMI - 03:00 GMT
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Daily Global Market Update

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Daily Global Market Update

Gold's Sideways Movement

The Gold/Dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is giving a negative signal.



Euro's Positive Signal

The Euro/Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.



Pound's Unchanged Session

The Pound/Dollar price remained largely unchanged in the last session. The Ultimate Oscillator is giving a negative signal.



Bitcoin's Decline

The Bitcoin/Dollar pair fell by 1.2% in the last session. The Stochastic indicator is giving a negative signal.



Global Financial Headlines

US stock indexes slipped in choppy trading as investors braced for a pivotal week for global markets, with Americans set to elect a new president and the Federal Reserve likely to cut its benchmark policy rate. Cryptocurrency investment products posted another massive week as the United States presidential election draws closer, with digital investment products seeing $2.2 billion in inflows from October 26th to November 2nd, bringing year-to-date inflows to a record-breaking $29.2 billion. Ford Motor reported a 15% rise in US auto sales during October from a year earlier, aided by demand for its F-series trucks and hybrid models. Sales of its trucks, including the popular F-150 model, climbed 29.2% to 10,847 units.


Upcoming Economic Highlights

Key economic events to look out for include:

  • Australia's RBA Interest Rate Decision - 3:30 GMT
  • Japan's 10Y Bond Auction - 3:35 GMT
  • US ISM Services PMI - 15:00 GMT
  • Japan's BoJ Monetary Policy Meeting Minutes - 23:50 GMT
  • Australia's RBA Rate Statement - 3:30 GMT
  • French Industrial Output - 7:45 GMT
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Daily Global Market Update

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Daily Global Market Update

Crude Oil's Decline

The WTI Crude Oil experienced a significant decline, falling 1.7% in the last session after an initial gain of 1.1%. The Commodity Channel Index (CCI) is currently showing a positive signal.



AUD/USD Stability

The Australian dollar remained relatively stable against the US dollar in the latest session. The Rate of Change (ROC) indicator is presenting a positive signal.



EUR/USD Analysis

The EUR/USD pair showed minimal movement in the last session. The Stochastic indicator suggests a positive trend ahead.



USD/JPY Movement

The USD/JPY pair recorded a slight upward correction, gaining 0.2% in the last session. The CCI indicator is currently showing a negative signal.



Global Financial Headlines

Intel is set to be replaced by Nvidia in the prestigious Dow Jones Industrial Average index after a 25-year tenure, highlighting the shifting dynamics in the semiconductor industry. The Canadian dollar has weakened to a two-year low against its US counterpart ahead of the US presidential election, despite positive domestic factory activity data. Wall Street's major indices ended higher, with Amazon.com rising 6.2% following strong earnings that exceeded Wall Street expectations.


Upcoming Economic Highlights

Key economic events to watch:

  • US Factory Orders - 1500 GMT
  • US 3-Month Bill Auction - 1630 GMT
  • US 6-Month Bill Auction - 1630 GMT
  • US 3-Year Note Auction - 1800 GMT
  • Austrian Unemployment Rate - 0800 GMT
  • Japan's Monetary Base - 2350 GMT
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Daily Global Market Update

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Daily Global Market Update

Pound's Decline in the Market

The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal.



Bitcoin's Downward Trend

The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal.



Oil's Significant Rise

The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal.



Aussie Dollar's Sideways Movement

The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market.



Global Financial Headlines

Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain.


Upcoming Economic Highlights

Key economic events to look out for include:

  • US Non-Farm Payrolls - 12:30 GMT
  • Dutch Retail Sales - 5:30 GMT
  • US Average Hourly Earnings - 12:30 GMT
  • Dutch Market Manufacturing PMI - 6:00 GMT
  • Japan's CFTC JPY NC Net Positions - 19:30 GMT
  • UK's CFTC GBP NC Net Positions - 9:30 GMT
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Daily Global Market Update

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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
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Daily Global Market Update

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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
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Daily Global Market Update

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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
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Daily Global Market Update

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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

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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

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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

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