Daily Global Market Update

Bitcoin dipped slightly after a brief rally, signaling potential for further correction. Meta's stock declined, but RSI suggests future upside. The Australian dollar and gold are both oversold, hinting at potential rebounds. In global news, Bitcoin stabilized, Coinbase launched a new index, and Q-cells partnered with Microsoft for renewable energy.

Moneta Markets | 1 day ago

Bitcoin's Market Correction

In the last session, Bitcoin experienced a slight pullback, dropping by 0.9% after an initial gain of 1.5%. The Williams Percent Range indicator signals an overbought market, suggesting potential for further correction.

Meta Stock's Slight Decline

Meta's stock value decreased by 0.6% in the last session. The RSI indicator points to a positive trend, potentially signalling upcoming opportunities for investors.

Australian Dollar's Oversold Position

The Australian dollar fell by 0.8% against the US dollar in the previous session. According to the Williams Percent Range, the AUD/USD pair is currently in an oversold market.

Gold's Further Decline

Gold decreased by 0.8% against the dollar in the last session, placing it in an oversold position according to the Stochastic RSI.

Global Financial News

Bitcoin has recently stabilised after a record rally, while crypto exchange Coinbase has launched the Coinbase 50 Index, covering 50 major digital assets. In the energy sector, South Korea's Q-cells is advancing renewable efforts with Microsoft through US-based solar panels.

Upcoming Economic Events

Key data releases include:

• Japan's Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• UK's BRC Retail Sales - 0001 GMT

• Japan's Overall Household Spending - 2330 GMT

• Eurozone's Unemployment Rate - 1000 GMT

• Germany's Industrial Production - 0700 GMT

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Tags: Analysis AUDUSD

AUDUSD remains in the red; sellers seem cautious

AUDUSD charts new low after disappointing jobs data. Short-term outlook remains bearish; sellers eye 0.6470 support.

XM Group | 19h 46min ago

Dollar Surge on High CPI

The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country; Dollar surge

PU Prime | 1 day ago

Dollar Remain Firm Ahead of CPI

The treasury market experienced intensified sell-off pressure, driving yields higher and boosting dollar strength in recent sessions. The Dollar Index (DXY) reached the 106.00 mark for the first time since June, with all eyes on the upcoming U.S. CPI reading, which could be pivotal for the dollar's trajectory.

PU Prime | 2 days ago

AUD/USD Stabilises as Traders Await Economic Signals

The AUD/USD pair is navigating the week starting with a steady tone, trading around 0.6590. After a significant drop last Friday, triggered by disappointment over China's economic stimulus measures, the pair finds a momentary respite as it consolidates recent movements.

RoboForex | 3 days ago

Daily Global Market Update

Pound, Bitcoin, Oil, and Aussie Dollar surged, with positive technical indicators. Crypto optimism rises with Trump's re-election, while the Bank of England cut rates. Nvidia hit a record high, and key economic events like Japan's Coincident Index and US Consumer Sentiment are on the horizon.

Moneta Markets | 6 days ago

Dollar Decline on Fed Rate Cut

The market's focus was on the Fed's interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations.

PU Prime | 7 days ago

AUD Outlook: RBA Holds Firm on Rates Amid Economic Uncertainties

The Australian dollar (AUD) saw moderate gains, with the AUD/USD rate climbing above 0.6600 in recent overnight trading. This movement reflects cautious optimism as markets await the U.S. election outcome and closely monitor signals from the Reserve Bank of Australia (RBA) regarding future interest rate adjustments.

ACY Securities | 7 days ago

Dollar and Wall Street Bullish on Trump Victory

The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July as the market responded to the U.S. election results.

PU Prime | 7 days ago

EURUSD	1.05419	GBPUSD	1.26745	AUDUSD	0.64654
USDJPY	156.363	USDCAD	1.40622	USDCHF	0.88936