Daily Global Market Update
Gold's Significant Decline
The Gold-Dollar pair plummeted by 3.8% in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal.
Euro's Slight Recovery
The EUR/USD pair gained 0.1% in the last session. The CCI is giving a positive signal, indicating potential for further upward movement.
Pound's Slight Decline
The GBP/USD pair fell by 0.2% in the last session. The Ultimate Oscillator is signalling a positive outlook, suggesting potential recovery.
Bitcoin's Major Drop
The Bitcoin-Dollar pair plunged 2.9% in the last session. The Williams Percent Range is giving a negative signal, indicating bearish momentum.
Global Financial Updates
The MSCI Global Equities Index rose slightly as the US dollar weakened, accompanied by a drop in government bond yields. Native tokens from various DeFi protocols surged above 50% in November, reflecting investor confidence post-US elections. Meanwhile, the total value locked on DeFi protocols reached $18.4 billion, marking a three-year high. In other news, Apple’s proposed $100 million investment for a plant in Indonesia faced rejection due to local content requirements for smartphones.
Upcoming Economic Events
Key economic updates to monitor include:
• US Non-Farm Payrolls - 1330 GMT
• UK Consumer Price Index - 0700 GMT
• Eurozone GDP Growth Rate - 1000 GMT
• Japan Machinery Orders - 2330 GMT
• Germany's Trade Balance - 0600 GMT