Daily Global Market Update
Bitcoin's Recent Plunge
The Bitcoin-USD pair plummeted by 3.5% in the last session. The Stochastic RSI is signaling a negative outlook.
Apple's Stock Uptick
Apple's shares rose by 0.6% in the last session. The Ultimate Oscillator is signaling a negative outlook.
AUD/USD Pair's Rise
The AUD/USD pair rose by 0.3% in the last session. The RSI is signaling a positive outlook, aligning with our overall technical analysis.
Gold's Dollar Gain
The gold-dollar pair gained by 0.5% in the last session after rising as much as 1.1% during the session. The Ultimate Oscillator indicates an overbought market.
Global Financial Headlines
Oil prices rose after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza, amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. The dollar was tentative as it failed to get a meaningful boost from a rise in US Treasury yields, though that kept pressure on the yen, which languished near multi-decade lows and left traders on alert for any signs of intervention. Over $12 million worth of leveraged short positions were liquidated within 24 hours as Bitcoin was trading above $70,000, reaching a weekly high of $72,000 on April 8th.
Upcoming Economic Highlights
Here's a brief rundown of today's major economic events:
• Japan's Foreign Investment in Japan's Stocks - 2350 GMT
• UK's RICS Housing Price Balance - 231 GMT
• US Consumer Price Index - 1230 GMT
• Japan's Foreign Bond Investment - 2350 GMT
• US Monthly Budget Statement - 1800 GMT
• Finland's Industrial Output - 500 AM GMT