Daily Global Market Update
Bitcoin's Positive Surge
The Bitcoin-dollar pairing soared by 3.6% in the latest session. The ultimate oscillator demonstrates a bullish trend, indicating positive market momentum.
Apple's Share Setback
Shares of Apple experienced a dip of 1.7% in the previous trading session. The ROC is signifying a bearish trend, presenting negative market sentiments.
Aussie Dollar's Minor Decline
The last session recorded a slight decline of 0.1% in the Aussie-dollar pair. The CCI points towards a bullish signal despite the recent dip.
Gold's Diminished Shine
Gold saw a drop of 0.4% against the dollar in the preceding session. The MACD suggests a negative market trend, corroborating with our comprehensive technical analysis.
Key Market News
Refiners across Asia's leading import region adjust their procurement strategies as Saudi Arabia's output cuts limit the availability of preferred medium-sour crude grades. Meanwhile, the South African rand faced depreciation against the dollar as markets keenly anticipate U.S. inflation figures that may provide insights into the Federal Reserve's rate strategies. Additionally, Bitcoin's value surged to almost $26,000, reversing its recent decline to three-month lows of $25,000, a move primarily attributed to a short squeeze.
Anticipated Economic Announcements
The forthcoming economic updates include:
• Monthly Budget Statement - 1800 hours GMT
• U.S Consumer Price Index - 1230 GMT
• Japan's Foreign Investment in Japan Stocks - 2350 GMT
• UK's Industrial Production - 0600 hours GMT
• Germany's 30y Bond Auction - 0930 GMT
• UK's Gross Domestic Product - 0600 hours GMT
EBC Markets Briefing | Asian funds feel unsettled for the rest of 2024
EBC Markets Briefing | US stocks muted as investors await key earnings
Demand for safe assets lingers
AUD/USD Struggles for Stability: Chances are Slim
USDJPY poised for a bullish trend reversal
Crypto Market Stumbles During Climb
Daily Global Market Update
