Daily Global Market Update
Gold-Dollar Pair's Correction
The Gold-Dollar pair experienced a downward correction in the latest session, declining by 0.1%. This move, indicated by the ROC's negative signal, contrasts with our overall bullish technical perspective.
Euro-Dollar Recent Developments
In our latest analysis, the Euro-Dollar pair has shown a slight upward correction in the last session, increasing by 0.2%. The CCI indicates that we are currently navigating through an overbought market scenario.
Pound-Dollar Pair's Movement
The Pound-Dollar pair witnessed a minor increase of 0.1% in the last trading session. The stochastic indicator's positive signal aligns with our general technical analysis forecast.
Bitcoin's Remarkable Surge
Bitcoin experienced a significant surge in the last session, skyrocketing by 5.5%. Despite this impressive gain, the MACD is issuing a negative signal, contradicting our overall technical analysis.
Global Financial Headlines
US stocks concluded the day with modest losses, shifting focus from the recent AI-driven rally to forthcoming economic data which may influence the Federal Reserve's rate cut timing. Bitcoin has surpassed the $54,000 mark, overcoming a significant resistance level. Salana leads the altcoin gains, with crypto-centric stocks like Coinbase, MicroStrategy, Marathon Holdings, and Riot Platforms seeing substantial advances. BYD, backed by Warren Buffett's Berkshire Hathaway, showcased its versatility by unveiling a $230,000 supercar shortly after introducing a budget-friendly hatchback.
Today's Major Economic Events
Today's economic calendar highlights include the US Consumer Confidence and Durable Goods Orders, both scheduled for release. Additionally, Germany's GfK Consumer Confidence Survey alongside Finland's Industrial and Consumer Confidence reports will provide further insights into the market's direction.
• US Consumer Confidence - 1500 hours GMT
• US Durable Goods Orders - 1330 GMT
• US Non-Defense Capital Goods Orders - 1330 GMT
• Germany's GfK Consumer Confidence Survey - 0700 hours GMT
• Finland's Industrial Confidence - 0600 GMT
• Finland's Consumer Confidence - 0600 hours GMT