Daily Global Market Update
Bitcoin's Upward Momentum
The Bitcoin/USD pair skyrocketed by 3.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
Google's Steady Rise
Google shares saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal.
Aussie's Positive Signal
The Aussie gained 0.7% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal.
Gold's Minor Correction
The Gold/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a negative signal.
Global Financial Headlines
Oil prices edged up about 1% on a weaker US dollar, coinciding with a closely contested US presidential election. OPEC+ delayed plans to increase production in December, contributing to a previous 2% rise in oil prices. Meanwhile, a consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has launched a new stablecoin pegged to the US dollar, aiming to boost global adoption.
Upcoming Economic Highlights
Key economic events to watch include:
• US MBA Mortgage Applications - 12:00 GMT
• US EIA Crude Oil Stocks Change - 15:30 GMT
• Germany's Factory Orders - 07:00 GMT
• Eurozone's Producer Price Index - 10:00 GMT
• Japan's Labour Cash Earnings - 23:30 GMT
• Japan's Jibun Bank Services PMI - 03:00 GMT
Daily Global Market Update
Euro Falls on Trade War Fears
Crypto Euphoria
Dollar and stocks surge on Trump victory bets
EBC Markets Briefing | US stock futures gain on early election results
USDJPY Hits 14-Week High Amid US Election Dynamics
USDJPY cheers as Trump leads election race
