Daily Global Market Update

Bitcoin declined due to bearish MACD signals. Alibaba's stock was stable with a bullish MACD. The Aussie Dollar weakened, oversold by CCI. Gold surged on geopolitical tensions and rate cut expectations, with a bullish Ultimate Oscillator. Global markets saw mixed trends, with Microsoft rejecting Bitcoin addition.

Moneta Markets | 17h 11min ago

Bitcoin's Decline in the Market

The Bitcoin-Dollar pair fell by 2.2% in the last trading session. The MACD is giving a negative signal, indicating potential bearish momentum.

Alibaba's Stable Performance

Alibaba's stock remained largely unchanged in the last session. The MACD is giving a positive signal, suggesting upward momentum in the near term.

Aussie Dollar's Decline

The Australian Dollar fell by 0.8% against the US Dollar in the last session. According to the CCI, the market is in an oversold condition, indicating a potential reversal.

Gold's Remarkable Surge

The Gold-Dollar pair soared by 1.2% in the last session. The Ultimate Oscillator is giving a positive signal, reflecting strong bullish momentum.

Global Financial Updates

Gold prices reached a two-week high amid rising geopolitical tensions and expectations of a third US rate cut by the Federal Reserve next week. The Canadian Dollar strengthened slightly against the US Dollar as oil prices rose. Microsoft shareholders recently rejected a proposal to add Bitcoin to the company's balance sheet, with the board deeming the move unnecessary.

Upcoming Economic Events

Key economic events to watch for this week include:

• US Inflation Data - 1330 GMT

• Bank of Canada Rate Decision - 1500 GMT

• Japan's Machine Tool Orders - 0600 GMT

• UK GDP Estimate - 0700 GMT

• Eurozone Industrial Production - 1000 GMT

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Tags: Analysis

Australian Dollar Hits Four-Week Low Amid RBA Stance and US Dollar Strength

The AUD/USD pair continues its downward trajectory, reaching a four-week low of 0.6386 on Wednesday.

RoboForex | 10h 35min ago

All eyes on US CPI as dollar edges up; BoC set to slash rates

US CPI awaited as December Fed rate cut not a done deal. Loonie at fresh lows ahead of expected BoC rate cut. Aussie continues to bleed, yen see-saws on data, BoJ chatter.

XM Group | 12h 2min ago

US dollar rose as investors adjusted positions, while Middle East turmoil drove gold near $2700.

On Tuesday, the US dollar index continued its upward trend, reaching a intraday high of 106.62 during trading and ultimately closing up 0.22% at 106.38

CWG Markets | 12h 59min ago

ATFX Market Outlook 10th December 2024

Opinion Today: Dow futures were little changed on Tuesday after Nasdaq Composite retreated from record highs, weighed down by a sharp decline in Nvidia.WTI crude oil futures climbed above $68 per barrel, driven by optimism over China's shift toward a looser monetary policy and geopolitical uncertainty in the Middle East. Gold price trades below the two-week top; the downside seems protected

ATFX | 12h 59min ago

USD rose on payrolls, gold up on Syria tensions.

Last Friday, the US dollar index first fell and then rose. It fell to a intraday low of 105.39 before the US market, then quickly rebounded and briefly returned to above the 106 level, but failed to stabilize at this point. Eventually, it closed up 0.23% at 105.94

CWG Markets | 12h 59min ago

EBC Markets Briefing | Gold bulls gain confidence from Chinese buying

Gold prices hit a two-week high, fueled by rising geopolitical tensions, PBOC buying, and expectations of a third Fed rate cut.

EBC Financial Group | 14h 27min ago

All Eye on Today’s CPI

Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist.

PU Prime | 18h 36min ago

The U.S. Dollar at a Crossroads: Decoding Trump’s Trade and Fiscal Agenda

The U.S. dollar finds itself in the middle of a growing debate among global investors as President-elect Donald Trump’s economic and trade policies take centre stage.

ACY Securities | 20h 23min ago

EURUSD	1.05026	GBPUSD	1.27577	AUDUSD	0.63803
USDJPY	152.339	USDCAD	1.41543	USDCHF	0.88357