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Oil gained 0.7% against the dollar in the last session. The MACD is currently giving a positive signal.
The AUD/USD pair experienced a minor downward correction in the last session, dropping 0.1%. The Williams indicator is giving a negative signal.
The EUR/USD pair traded sideways in the last session. The RSI is giving a negative signal.
The USD/JPY pair traded sideways in the last session. The Stochastic RSI indicates an overbought market.
China-focused hedge funds report explosive returns in September due to a sharp rebound in Chinese stocks, driven by Beijing's aggressive stimulus package. Taiwan's Foxconn posts record Q3 revenue of $57.3 billion, up 20.2% year-on-year, driven by strong demand for AI servers. A high-stakes corporate earnings season begins this week, with investors hoping results will justify rich valuations in the US stock market. Strong US labour market data boosts the case for continued economic growth. The S&P 500 is up 20% year-to-date, nearing record highs.
Key economic events to look out for include:
The GBP/USD pair experienced a sharp decline, falling 1% in the last trading session. The Williams Percent Range indicator suggests that the market is currently oversold.
The BTC/USD pair saw a slight increase of 0.1% in the last session, after reaching gains of up to 1.3% during the session. The RSI is currently signalling a negative trend.
The OIL/USD pair experienced a significant increase, soaring 3.9% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
The AUD/USD pair declined by 0.6% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
The International Monetary Fund has renewed calls for El Salvador to scale back its Bitcoin policies and overhaul its regulatory framework surrounding the digital asset. Oil prices have risen significantly, with Brent crude futures up 4.86% and US WTI crude futures up 5.11%, as concerns mount over potential threats to global crude flows due to widening regional conflicts in the Middle East. Gold prices have remained steady, balancing safe-haven demand from escalating Middle East tensions against pressure from a stronger dollar, as investors reassess expectations of another significant interest rate cut from the US Federal Reserve.
Key economic events to look out for include:
The EUR/USD pair experienced a slight decline of 0.1% in the last trading session. The Stochastic RSI indicates that the market is currently oversold.
The USD/JPY pair saw a substantial increase of 1.8% in the last session. The Stochastic RSI suggests that the market is currently overbought.
The Gold/USD pair traded sideways in the last session. The Williams Percent Range indicator suggests that the market is currently overbought.
Apple stock experienced a minor rise of 0.3% in the last session. The Stochastic RSI is currently giving a negative signal.
The dollar reached a 3-week high against the Euro following the ADP National Employment Report, which showed US private payrolls increased more than expected in September. This comes ahead of Friday's highly anticipated jobs data. The S&P 500 and NASDAQ edged higher but remained near two-week lows as investors monitored potential escalations in geopolitical tensions in the Middle East. A recent survey has alleviated concerns about a rapid cooldown in the US labour market. Markets remain cautious as Israel and the US vowed to retaliate after Iran's attack on Israel. The attack has renewed interest in safe-haven assets, and oil prices have surged. However, with uncertainty surrounding the evolving situation in the Middle East, investors are proceeding cautiously, questioning whether Iran's strike marks an escalation or is more of a one-off response to Israel.
Key economic events to look out for include:
The Bitcoin/USD pair plummeted by 4% in the last trading session. The Stochastic RSI indicates that the market is currently oversold.
NIO shares experienced a gain of 1.9% in the last session. The Stochastic indicator is currently giving a positive signal.
The AUD/USD pair saw a decline of 0.4% in the last session. However, the RSI is currently giving a positive signal.
The Gold/USD pair skyrocketed by 1% in the last session. However, the Stochastic RSI is currently giving a negative signal.
Gold prices surged over 1% due to increased safe-haven demand as fears of a full-scale war in the Middle East escalated following Iran's launch of ballistic missiles at Israel. Spot gold gained 1%. Safe-haven currencies strengthened in response to Iran's missile attack on Israel, while the dollar also firmed on data showing a resilient US labour market. The Dollar Index rose 0.45%. In the cryptocurrency sector, the third quarter of 2024 has seen a decrease in the total number of reported crypto hacks, but a spike in the value of assets stolen. The overall financial damage surged by approximately 99.5%, with a total of 753 million dollars taken from investors across 155 incidents.
Key economic events to look out for include:
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.
The EUR/USD pair experienced a decline, dropping 0.3% in the last session. The Ultimate Oscillator is currently signalling a negative trend.
The GBP/USD pair traded sideways in the last session. The RSI is giving a negative signal, suggesting potential downward pressure.
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.
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.
Key economic events to look out for include:
The Oil/USD pair skyrocketed by 1.9% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
The AUD/USD pair experienced a minor downward correction, dropping 0.1% in the last session. The ROC indicator is giving a positive signal, despite the recent dip.
The EUR/USD pair traded sideways in the last session. The MACD is currently giving a positive signal, suggesting potential upward momentum.
The USD/JPY pair traded sideways in the last session. The ROC indicator is giving a positive signal, indicating potential strength in the pair.
The Federal Reserve is likely to deliver a second 50 basis point interest rate cut in November, according to traders' expectations. This follows a government report showing US inflation has cooled to a pace near the central bank's 2% goal. Volkswagen has cut its annual outlook for the second time in less than three months, citing weaker-than-expected performance in its passenger car division. This highlights the increasing pressure on Europe's top automaker. Investor hopes for a soft landing for the US economy will be tested next week as the government releases closely watched labour market data. This comes after a series of disappointing jobs reports. Wall Street's benchmark S&P 500 Index is up 20% year-to-date, near a record high. The index is on track for its strongest January to September performance since 1997.
Key economic events to look out for include:
The GBP/USD pair saw a substantial increase, rising 0.7% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
The BTC/USD pair experienced a remarkable surge, skyrocketing 2.7% in the last session. The Williams %R indicator suggests that we are in an overbought market.
The Oil/USD pair dove 3.1% in the last session. The Stochastic indicator is currently giving a negative signal.
The AUD/USD pair exploded 1% in the last session. According to the Williams %R indicator, we are in an overbought market.
Cryptocurrency losses due to hacks and scams have reached an all-time high of $2.1 billion in the first three quarters of 2024, surpassing the total losses in 2023, according to web3 cybersecurity company Cyers. In the US, new orders for key manufactured capital goods unexpectedly rose by 0.2% in August, despite business spending on equipment appearing to lose momentum in the third quarter. Oil prices fell more than 3% following a Financial Times report suggesting that Saudi Arabia may abandon its $100 price target in preparation for increasing output along with OPEC members and allies in December.
Key economic events to look out for include:
The EUR/USD pair dropped 0.5% in the last session. The Stochastic indicator is giving a positive signal, suggesting potential for a reversal.
The USD/JPY pair surged 1.2% in the last session. The MACD is currently giving a positive signal, aligning with the recent price action.
The Gold/USD price remained largely unchanged in the last session. According to the Stochastic indicator, we are currently in an overbought market.
Google stock traded sideways in the last session. The MACD is giving a positive signal, suggesting potential upward momentum.
The dollar bounced off a 14-month low against the euro in choppy trading. However, investors are still betting on another large interest rate cut by the Federal Reserve at its November meeting due to weakening labour optimism. The Dow Jones Industrial Average and S&P 500 closed lower, pulling back from recent record highs driven by China's sweeping stimulus package. Investors are now awaiting economic indicators and signals on upcoming interest rate cuts. Shares of former U.S. President Donald Trump's media company rebounded over 6%, bouncing back from all-time lows after restrictions on insider selling expired last week. Trump Media and Technology Group, which is 57% owned by the Republican presidential nominee, has seen a 12% lift over two consecutive days of gains.
Key economic events to look out for include:
The Bitcoin/USD pair skyrocketed by 1.4% in the last session. However, the Commodity Channel Index (CCI) is currently giving a negative signal.
Alibaba shares rose by 1.1% in the last session. The Williams Percent Range indicator suggests that we are currently in an overbought market.
The AUD/USD pair rose 0.8% in the last session. The Ultimate Oscillator is currently giving a positive signal.
The Gold/USD pair exploded by 1.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
OPEC has raised its forecast for world oil demand in the medium and long term, citing growth led by India, Africa, and the Middle East, as well as a slower shift to electric vehicles and cleaner fuels. China's yuan hit a 16-month high against the US dollar after the central bank revealed new stimulus measures. The Celsius Network's native tokens surged by over 300% a month after initiating a $2.5 billion repayment scheme for more than 250,000 creditors.
Key economic events to look out for include:
Gold gained 0.3% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
The EUR/USD pair fell 0.4% in the last trading session. The Williams Percent Range indicator is giving a negative signal.
The GBP/USD pair experienced a slight increase of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal.
The BTC/USD pair dropped 0.2% in the last session after rising as much as 1.8% during the session. The Rate of Change (ROC) indicator is giving a negative signal.
Wall Street's main indexes rose as investors assessed whether a trend will develop in the week following the Federal Reserve's rate cut. The gains come amid comments from Fed policymakers and steady factory activity data, building on last week's sharp market rally after the central bank's decision to lower interest rates. Chinese Bitcoin miners still control the lion's share of the global network despite the country's ban on cryptocurrencies. Over 55% of the Bitcoin mining network is still controlled by Chinese mining pools, according to the CEO of CryptoQuant. Shares of Donald Trump's media company tumbled over 5% to a new low, extending recent losses after restrictions on insider selling expired. Six straight sessions of declines in the company, which is 57% owned by the Republican presidential candidate, have left its market capitalisation at $2.5 billion.
Key economic events to look out for include:
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