Swissquote Bank Ltd has released a new report, crafted for informational purposes, shedding light on the current trends in global markets. The report, subject to change without prior notice, serves as a guide rather than a replacement for individual judgment. It firmly states that it does not offer solicitation or an invitation to engage in buying or selling any currency or financial instrument.
Investors look ahead as US Retail Sales and Jobless Claims data are expected to make waves in the market. Attention also turns toward the European Central Bank (ECB) Minutes and upcoming US Consumer Price Index (CPI) data, with inflation figures remaining significantly above the Federal Reserve's policy target. These economic indicators are poised to influence market sentiment and investor decisions.
Currency fluctuations have taken center stage in the European session on Thursday. The GBP/USD pair battles at 1.2200, while the EUR/USD struggles to maintain its footing, falling below 1.0300. The latter faces challenges due to dovish ECB commentary and economic struggles within the Eurozone. Yesterday's market conditions offered nearly ideal opportunities for global investors to adjust their portfolios.
Meanwhile, Algorand has witnessed a surge in its price, trading around $0.469 on Thursday after a remarkable rally of over 19% the previous day. ALGO's Real-World Asset Total Value Locked (RWA TVL) increased by 34.6%, contributing significantly to its 64.5% follower growth on X this year. This growth underscores the burgeoning interest and investment in the digital asset space.
Gold prices continue their upward trajectory for the third consecutive day, recovering initial weekly losses and rising above the $2,700 level as of Thursday. This recovery aligns with broader market dynamics as investors navigate through various economic indicators and geopolitical factors.