Daily Global Market Update
Gold's Decline in the Market
Gold fell by 0.7% against the dollar in the last trading session. The Stochastic RSI indicates that the market is currently oversold.
Euro's Upward Correction
The EUR/USD pair saw a minor upward correction, gaining 0.1% in the last session. The MACD is currently signaling a negative trend.
Pound's Positive Outlook
The GBP/USD pair experienced a minor upward correction, rising 0.2% in the last session. The Williams Percent Range indicator is giving a positive signal.
Bitcoin's Significant Rise
Bitcoin paired with the dollar, soared by 6.8% in the last session. The MACD is indicating a positive signal, aligning with our overall technical analysis.
Global Financial Headlines
Global shares have slightly declined as investors await US inflation data and a corporate reporting season. Litecoin has emerged as the most utilized cryptocurrency for payments, according to bidpay. In a major renewable energy deal, South Korea's Q sales is set to supply Microsoft with American-made solar panels.
Upcoming Economic Highlights
Key economic events to look out for include:
• Japan's Labor Cash Earnings - 2330 GMT
• US Red Book Index - 1355 GMT
• UK's BRC Retail Sales - 0001 GMT
• Japan's Overall Household Spending - 2330 GMT
• Eurozone's Unemployment Rate - 1000 GMT
• Germany's Industrial Production - 0700 GMT