Daily Global Market Update
Bitcoin's Modest Gain
The Bitcoin USD pair recorded a modest gain of 0.6% in the last session, following a peak increase of 2.2% during the session. The stochastic RSI is signaling a positive outlook.
Nio Shares' Decline
Nio shares experienced a decline of 2% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
Aussie Dollar's Stability
The Australian dollar remained largely unchanged in the last session. The ROC is giving a negative signal.
Gold's Slight Increase
Gold experienced a slight increase of 0.2% against the dollar in the last session. The ROC is giving a negative signal.
Global Financial Headlines
Oil prices settled lower as investors adopted a mixed view of the loss of Russian refinery capacity following recent Ukrainian attacks. The Canadian dollar remained stable against the US dollar near a 3-month low, with the Bank of Canada emphasizing Canada's weak productivity growth. Federal prosecutors in Manhattan charged cryptocurrency exchange Qoin with violating US anti-money laundering laws, allowing illicit fund transfers since its founding in 2017.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US MBA Mortgage Applications - 1100 GMT
• US EIA Crude Oil Stocks Change - 1430 GMT
• Eurozone's Business Climate - 1000 GMT
• Finland's Consumer Confidence - 0600 GMT
• Japan's Foreign Bank Investment - 2350 GMT
• Japan's Foreign Investment in Japan Stocks - 20350 GMT