Daily Global Market Update

Gold price dipped 0.4% while major currencies saw slight gains against USD. Bitcoin also declined. Wall Street rose with tech giants leading the way. Tether launched a gold-backed stablecoin. Upcoming economic reports include Germany ZEW survey, Japan exports, US retail sales, and Australia's RBA decision.

Moneta Markets | 161 days ago

Gold's Decline Amid Market Volatility

Gold experienced a decrease of 0.4% against the dollar in the last session. The RSI is indicating a negative trend in the market.

Euro's Slight Uptick

The Euro experienced a minor gain of 0.2% against the dollar in the last session. The CCI is currently showing a positive signal.

Pound's Minor Correction

The Pound Dollar pair experienced a slight increase of 0.1% in the last session. The Williams R indicator is giving a positive signal.

Bitcoin's Recent Downturn

Bitcoin saw a decline of 0.3% against the dollar in the last session. The Stochastic indicator is showing a negative trend.

Global Financial Headlines

Wall Street's main indexes experienced a rise amidst volatile trading, with significant gains by mega caps like Apple and Microsoft. Tether has announced a gold-backed stable coin, 'Alloy', minable on its new platform. GameStop's shares fell after plans for operating a smaller store network were discussed by CEO Ryan Cohen without specifying the use of its cash reserves.

Upcoming Economic Highlights

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

• Germany's ZEW Survey Current Situation - 0900 GMT

• Japan's Exports - 2350 GMT

• US Retail Sales - 1230 GMT

• Australia's RBA Interest Rate Decision - 0430 GMT

• Australia's RBA Rate Statement - 0430 GMT

• Eurozone's Eurogroup Meeting - 0700 GMT

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Tags: Analysis

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