Daily Global Market Update
Gold's Positive Outlook
Gold experienced a gain of 0.3% against the dollar in the last session. The Rate of Change (ROC) is giving a positive signal.
Euro/Dollar's Market Impact
The EUR/USD pair remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal.
Pound/Dollar's Sideways Movement
The GBP/USD pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
Bitcoin's Positive Trend
The Bitcoin/Dollar pair rose by 0.3% in the last session, after gaining as much as 1.6% during the session. The Stochastic indicator is giving a positive signal.
Global Financial Headlines
US Stocks drifted to a mixed close, and yields jumped as election-driven swings affected financial markets worldwide. The cryptocurrency market saw Bitcoin's price premium on Coinbase plummet to rarely seen negative levels, according to Crypto Quant data. US stock index figures edged higher ahead of key economic releases including manufacturing PMI data, with a focus also on upcoming US Labor Market numbers.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• Japan's 10-year Bond Auction - 0335 GMT
• Australia's RBA Meeting Minutes - 0130 GMT
• US JOLTS Job Openings - 1600 GMT
• US Red Book Index - 1255 GMT
• Eurozone's Harmonised Index of Consumer Prices - 0900 GMT
• Eurozone's Unemployment Rate - 0900 GMT