Daily Global Market Update

Bitcoin down 0.8%, overbought signal. Google stock up 0.4%, Stochastic RSI hints negativity. AUD/USD down 1.1%, MACD signals bearish. Gold dips 1.2%, bearish RSI on inflation anticipation. Global: Gold up, Japanese shares peak, Ripple acquires Standard Custody. Upcoming: Japan GDP, US oil stocks, US mortgage apps, Eurozone production, UK CPI releases.

Bitcoin's Recent Slide

Bitcoin experienced a decrease of 0.8% against the dollar in the last session. The RSI indicates that we are currently in an overbought market.

 

 

Google's Stock Uptick

Google's stock rose by 0.4% in the last session. The Stochastic RSI is signalling a negative outlook.

 

 

AUD/USD Pair's Decline

The AUD/USD pair fell by 1.1% in the last session. The MACD is giving a negative signal, aligning with our overall technical analysis.

 

 

Gold's Dip Amid Inflation Anticipation

The gold-dollar pair experienced a 1.2% decline in the last session. The RSI's negative signal is consistent with the overall technical analysis.

 

 

Global Financial Headlines

Gold prices edged up ahead of a US inflation report that could give fresh perspective on the timing of the Federal Reserve's first rate cut. Japanese shares touched a 34-year peak, while the dollar held steady, keeping the yen close to the 150 per dollar level. Ripple acquired Standard Custody and Trust Company to secure a New York trust charter, following its previous acquisition of cryptocurrency custody firm Metaco.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Gross Domestic Product - 2350 GMT

• US EIA Crude Oil Stocks Change - 1530 GMT

• US MBA Mortgage Applications - 1200 GMT

• Eurozone's Industrial Production - 1000 GMT

• UK's Core Consumer Price Index - 0700 GMT

• UK's Consumer Price Index - 0700 GMT

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Daily Global Market Update

Daily Global Market Update

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