Daily Global Market Update

The pound dipped 0.1%, Bitcoin fell 1.8%, oil decreased 0.2%, and AUD/USD corrected down 0.1%. Coinbase reopened XRP trading in New York. UK stocks fell amid election uncertainty, and oil prices dropped to their lowest since February. Key upcoming economic releases include UK retail sales, US durable goods orders, and Germany's GDP.

Pound-Dollar Recent Movements

The pound dipped a slight 0.1% against the dollar in the last session. The ROC is giving a negative signal.

 

 

Bitcoin's Significant Drop

The Bitcoin-dollar pair dove 1.8% in the last session. The RSI is giving a positive signal.

 

 

Oil Market's Decline

The oil dipped a slight 0.2% against the dollar in the last session. The MACD is giving a positive signal.

 

 

AUD/USD Pair's Correction

The AUD/USD pair corrected downwards in the last session, falling 0.1%. The CCI is giving a negative signal.

 

 

Global Financial Headlines

Coinbase's Chief Legal Officer, Paul Gruel, announced that customers in New York could once again trade XRP on the crypto exchange after a 9-month hiatus. The UK's main stock indexes closed lower for a third consecutive session amid political uncertainty ahead of the UK elections in July, while news of slower growth across businesses in May weighed on sentiment. Oil prices fell about 1% to their lowest level since February, sliding for a fourth consecutive session as the prospect of higher longer US interest rates raised worries about demand growth in the world's biggest oil market.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• UK's Retail Sales - 0600 GMT

• UK's CFTC GBP NC Net Positions - 1930 GMT

• Japan CFTC JPY MC Net Positions - 1930 GMT

• US Durable Goods Orders - 1230 GMT

• US Non-Defense Capital Goods Orders - 1230 GMT

• Germany's Gross Domestic Product - 0600 GMT

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