Daily Global Market Update

In recent trading, gold, the Euro, and the Pound saw modest changes, while Bitcoin rose. In finance, Wall Street remained stable, Polka World faced issues, and Erdogan talked Tesla with Musk. Upcoming economic releases include U.S. Housing Starts, Japan's Imports, Eurozone's Prices, and Australia's Meeting Minutes.

Moneta Markets | 399 days ago

Gold's Steady Climb

Gold gained 0.5% against the dollar in the previous trading session. Based on the ROC's analysis, this positive trajectory aligns with the overarching technical insights.

Euro's Mild Ascendancy

The euro-dollar pairing registered a slight increase of 0.1% during its last trading session. As suggested by the Williams indicator, the market is currently oversold.

Pound's Neutral Stance

The pound-dollar pair remained relatively unchanged in its last session. The stochastic indicator suggests an oversold market condition.

Bitcoin's Encouraging Performance

Bitcoin, paired with the dollar, escalated by 0.8% in the most recent session, reaching an intraday zenith of 3.4%. The stochastic indicator projects an affirmative outlook.

World Finance Pulse

As Wall Street remains relatively unchanged, the global audience awaits the U.S Federal Reserve's forthcoming decision, anticipated to maintain the key interest rates. In the universe, Polka World faces a halt in operations post a declined funding proposal from Polkadot's treasury, inciting numerous concerns. In an interesting development, Turkish President Erdogan converses with Tesla's Elon Musk about the potential establishment of a Tesla factory in Turkey, given the current collaboration between Tesla and several Turkish suppliers.

Anticipated Economic Releases

Mark the following economic announcements on your calendar:

• The U.S Housing Starts - 1230 GMT

• The U.S Red Book Index - 1255 GMT

• Japan's Imports - 2050 GMT

• Eurozone's Harmonised Index of Consumer Prices - 0900 hours GMT

• Australia's RPA Meeting Minutes - 0130 GMT

• Austria's HICP - 0700 hours GMT