Daily Global Market Update
Bitcoin's Modest Gain
The Bitcoin/USD pair rose by 0.9% in the last session, after gaining as much as 2% earlier in the day. The Rate of Change (ROC) indicator is giving a positive signal.
Meta Shares Slip
Meta shares dropped by 0.7% in the last session. The Williams Percent Range indicator is currently giving a negative signal.
Australian Dollar's Decline
The AUD/USD pair fell by 0.4% in the last session. The Stochastic indicator is currently showing a negative signal.
Gold Under Pressure
Gold dipped by 0.2% against the dollar in the last session, as the RSI indicated a negative signal. A stronger US dollar and rising Treasury yields contributed to this decline.
Global Financial Headlines
Gold prices faced headwinds due to a stronger US dollar and climbing Treasury yields, as investors focus on the Federal Reserve’s final policy meeting of the year. Retail sales data in the US surpassed expectations, reinforcing economic momentum. Meanwhile, crypto.com CEO Chris Marel met with US President-elect Donald Trump to discuss proposals for a National Bitcoin Reserve.
Upcoming Economic Highlights
Key events to monitor include:
• Japan’s Labour Cash Earnings - 2330 GMT
• US Redbook Index - 1355 GMT
• UK BRC Retail Sales - 0001 GMT
• Japan’s Overall Household Spending - 2330 GMT
• Eurozone Unemployment Rate - 1000 GMT
• Germany’s Industrial Production - 0700 GMT