Daily Global Market Update
Gold's Minor Correction
The gold-dollar pair made a minor downwards correction in the last session, dropping 0.1%. According to the RSI, we are in an overbought market.
Euro's Decline
The Euro fell 0.4% against the dollar in the last session. The Rate of Change (ROC) is giving a negative signal.
Pound's Downturn
The pound fell 0.5% against the dollar in the last trading session. According to the Williams Percent Range indicator, we are in an oversold market.
Bitcoin's Decline
The Bitcoin-dollar pair dove 1.9% in the last session. The Stochastic RSI is giving a negative signal.
Global Financial Headlines
Wall Street lost ground, retreating after a strong rally the previous week as investors awaited earnings from major companies. A jump in treasury yields added pressure, with the yield on the benchmark 10-year bond rising to a 12-week high. Cryptocurrency investment products recorded their biggest inflows since July, hitting the $2.2 billion weekly mark, according to CoinShares. Shares of Spirit Airlines surged as much as 46% after reaching a deal with its credit card processor to extend a debt refinancing deadline by two months until December 23rd.
Upcoming Economic Highlights
Key economic events to look out for include:
• US Redbook Index - 1255 GMT
• US API Weekly Crude Oil Stock - 2030 GMT
• Dutch Consumer Confidence Adjusted - 0430 GMT
• Finland's Unemployment Rate - 0500 GMT
• Belgian Consumer Confidence Index - 0900 GMT
• UK's Public Sector Net Borrowing - 0600 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
Dollar Stays Strong as U.S. Election is Approaching
Silver: Shakeout, but Not the End of the Mega-Rally Ahead
