Daily Global Market Update

Bitcoin fell 2%. Amazon shares rose 1.7%. The Australian dollar gained 0.2%. Gold increased 0.8%. Oil prices fell due to rate concerns. The US dollar eased amid rising producer prices. The Solana mCoin parody GME hit $100 million market cap. Key economic events today include US CPI, US Retail Sales, Eurozone Employment Change, Industrial Production, and Japan's GDP.
Moneta Markets | 159 days ago
Stocktwits

Bitcoin's Recent Movement

The Bitcoin-USD pair experienced a decline of 2% in the last session. The Ultimate Oscillator is signaling a negative outlook.

 

 

Amazon Shares Rise

Amazon shares gained 1.7% in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Aussie's Slight Gain

The Aussie gained 0.2% against the dollar in the last trading session. The CCI is giving a negative signal.

 

 

Gold's Rise

The gold-dollar pair gained 0.8% in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Recent Developments in Financial News

Oil prices settled lower after US data stoked concerns that US interest rates may remain high. However, potential risks to supply from Middle East tensions and wildfires in Canada provided support to prices. The dollar eased following an unexpected increase in US producer prices in April, indicating stubbornly high inflation in the second quarter. Additionally, GME, an unofficial Solana mCoin parody of American gaming retailer GameStop, surpassed $100 million in market capitalization amid a trading frenzy of its namesake but unrelated entity.

 

Upcoming Economic Events

Here are today's major economic events:

• US Consumer Price Index - 1230 GMT

• US Retail Sales - 1230 GMT

• Eurozone's Employment Change - 0900 GMT

• Eurozone's Industrial Production - 0900 GMT

• Japan's Gross Domestic Product - 2350 GMT

• Japan's Gross Domestic Product (Annualized) - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
Tags: Analysis
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Daily Global Market Update

Daily Global Market Update

Oil prices plummeted, the Aussie dollar remained stable, and the euro and yen strengthened against the dollar. Global markets reacted to China's slowing economy, rising US budget deficit, and tech stock gains. Upcoming economic events include US bill auctions, German producer prices, Chinese interest rates, and New Zealand trade data.
Moneta Markets | 15h 41min ago
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