Daily Global Market Update

Bitcoin USD's Remarkable Surge

Bitcoin paired with the US dollar witnessed a substantial increase, soaring by 2.2% in the latest session. The Williams Percentage Range indicator, commonly referred to as Williams %R, is currently signaling a bullish trend in the market.

Facebook's Stock Downturn

Facebook's stock experienced a decline, dropping by 1.5% in the last session. The Williams %R indicator is currently showing a negative signal, suggesting bearish momentum.

The Aussie's Retreat Against the Dollar

The Australian dollar fell by 0.9% against the US dollar during the last trading session. The Williams %R indicator points to an oversold market condition for the Aussie.

Gold's Significant Decline

Gold experienced a notable decrease, plummeting by 1.2% against the dollar in the last session. The Relative Strength Index (RSI) is showing a negative signal, indicating bearish momentum for gold.

Global Financial Headlines

Oil prices remained relatively stable amidst a strong US dollar and rising tensions in the Middle East. The Grayscale Bitcoin Trust reportedly transferred a significant amount of Bitcoin to Coinbase, indicating possible sales due to declining share prices. In currency markets, the dollar surged as the likelihood of a March rate cut by the US Federal Reserve diminished, while both the pound and the yen fell due to easing inflationary pressures.

Upcoming Economic Highlights

Here's a brief rundown of today’s anticipated economic releases:

• US Industrial Production - 1415 GMT

• Austria's HICP - 0800 hours GMT

• UK's Core Consumer Price Index - 0700 hours GMT

• US Retail Sales - 1330 GMT

• Japan's Foreign Investment in Japan Stocks - 2350 GMT

• Japan's Machinery Orders - 2350 GMT