Globe Derivative Exchange USD Price & Performance (GDTUSD)

Ocado's stock fell by 13%, marking its steepest drop since July, as earnings failed to meet key expectations. Analysts highlight a lack of new orders for its warehouse technology and ongoing profitability challenges. Despite its retail venture with Marks & Spencer performing well, Ocado's valuation remains heavily reliant on its tech business.1

GBP/USD has fallen below significant moving averages, signaling bearish sentiment. The currency pair broke through the 100-hour, 100-day, and 200-hour moving averages, with sellers eyeing the next key support level at 1.2608. Analysts suggest that staying below these levels could lead to intensified selling pressure in the near term.2

The S&P 500 has entered correction territory, dropping 10% from its February peak and erasing $5 trillion in value. Escalating trade tensions, including President Trump’s announcement of a 200% tariff on European spirits, have rattled markets. Analysts warn that these developments could further weigh on economic growth and investor sentiment.3