Daily Global Market Update
Bitcoin's Recent Dip
The Bitcoin/USD pair experienced a notable decline of 2.5% in the last session. The Stochastic indicator is currently indicating a negative trend.
Amazon's Positive Outlook
Amazon's shares saw an uptick of 0.7% in the last trading session. The ROC (Rate of Change) indicator is giving a positive signal, aligning with our overall technical analysis.
Aussie Dollar's Surge
The Australian dollar experienced a significant rise of 1.9% in the last session. The ROC indicator provides a positive signal for this currency pair.
Gold's Positive Momentum
Gold rose by 0.8% against the dollar in the latest session. The Stochastic RSI is indicating a positive signal, consistent with our overall technical analysis.
Global Financial Headlines
Oil prices are witnessing a modest increase, driven by strong demand expectations and concerns over supply disruptions. This comes in the wake of OPEC's report underscoring resilient demand and warning against speculator-driven price fluctuations. The Japanese Yen remains weak, hovering near a three-decade low against the dollar, largely due to the Bank of Japan's ultra-easy monetary policy. In the crypto sector, OKX has launched its layer 2 blockchain for developer testing, aiming to enhance transaction efficiency.
Upcoming Economic Highlights
Today's key economic releases include:
• Euro Zone's Trade Balance - 1000 hours GMT
• UK's Core Consumer Price Index - 0700 hours GMT
• US Retail Sales - 1330 GMT
• US Producer Price Index - 1330 GMT
• Japan's Imports - 2350 GMT
• Japan's Exports - 2350 GMT