Daily Global Market Update
Pound's Steady Stance
The Pound-Dollar pair exhibited a marginal change in the last session. The MACD indicates a bearish trend, suggesting a cautious approach for traders.
Bitcoin's Significant Surge
Bitcoin experienced a notable surge of 3.9% against the dollar in the last session. The Ultimate Oscillator is presenting a bullish signal, aligning with the overall upward trajectory.
Oil's Volatile Movement
The Oil-Dollar pair declined by 0.8% in the last session, despite an intraday high of 1.2%. Currently, the Ultimate Oscillator is indicating a bearish momentum.
Aussie's Slight Retreat
The Australian Dollar fell 0.3% against its US counterpart in the last session. The RSI is currently indicating a bearish outlook, urging traders to proceed with caution.
Global Financial Headlines
Investors have channelled over $2 billion into digital asset investment exchange-traded products in 2023, marking it as the third largest year for net inflows since 2017. European stocks have seen a slight rise after two sessions of losses, amidst uncertainty over future central bank rate cuts. US crude oil inventories witnessed a more significant drop than expected last week, while stocks of gasoline and distillate fuels increased, indicating a sluggish demand for products.
Upcoming Economic Highlights
Today's key economic releases are as follows:
• US Non-farm Payrolls - 1330 hours GMT
• Germany's Retail Sales - 0700 hours GMT
• Eurozone's Harmonized Index of Consumer Prices - 1000 hours GMT
• Japan's Consumer Confidence Index - 0500 hours GMT
• US Average Hourly Earnings - 1330 hours GMT
• Japan's Jibun Bank Services PMI - 0030 hours GMT