Daily Global Market Update
Bitcoin's Significant Decline
The Bitcoin to USD pair experienced a notable decline of 5.7% in the last session. The CCI suggests an oversold market condition.
MetaStock's Slight Decrease
MetaStock experienced a minor fall of 0.3% in the last session. According to the Stochastic RSI, the market is oversold.
Aussie Dollar's Significant Drop
The Aussie dollar pair plummeted by 1.2% in the last session. The ROC is signaling a positive outlook.
Gold's Significant Dive
The gold-dollar pair dove 2% in the last session. The stochastic indicator is giving a negative signal.
Market News Highlights
Oil prices fell by 1%, extending losses, driven by rising US crude production and hopes of an Israeli-Hamas ceasefire. The Canadian dollar weakened to an 11-day low on slower-than-expected domestic economic growth, fueling speculations of deeper rate cuts by the Bank of Canada compared to the Federal Reserve. Former Binance CEO Changpeng Zhao has been sentenced to 4 months in prison for violating US money laundering laws.
Today's Major Economic Events
Here are today's major economic events:
• UK's 10y Bond Auction - 9:00 GMT
• US ADP Employment Change - 12:15 GMT
• Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT
• Japan's Jibun Bank Manufacturing PMI - 03:00 GMT
• Dutch Market Manufacturing PMI - 05:00 GMT
• Dutch Retail Sales - 04:30 GMT
EBC Markets Briefing | US stocks muted as investors await key earnings
Demand for safe assets lingers
AUD/USD Struggles for Stability: Chances are Slim
USDJPY poised for a bullish trend reversal
Crypto Market Stumbles During Climb
Daily Global Market Update
Dollar Stays Strong as U.S. Election is Approaching
