Daily Global Market Update
Bitcoin's Recent Dive
Bitcoin's USD pair experienced a significant decline of 1.9% in the last session. The Stochastic indicator is currently showing a negative signal, which contradicts our overall technical analysis.
Meta's Share Movement
Meta's shares increased by 1% in the last session. The Stochastic RSI is giving a positive signal, aligning with our overall technical analysis.
AUD/USD Pair's Minor Dip
The AUD/USD pair saw a slight decrease of 0.1% in the last session. The RSI indicates a positive signal, suggesting potential for recovery.
Gold's Plunge Amid Market Sentiment
The gold-dollar pair experienced a sharp fall of 1.2% in the last session. The RSI indicates an overbought market, which may have contributed to the decline.
Global Financial Headlines
Oil prices increased amid ongoing geopolitical tensions in the Middle East, though the rise was tempered by bearish demand sentiment. The dollar saw a slight uptick ahead of US inflation data, while the yen experienced its largest daily drop against the dollar, dampening expectations for the Bank of Japan to end its negative interest rate policy. VanEck's spot Bitcoin ETF recorded record inflows, attracting $119 million in a single day, after reducing management fees to zero percent.
Today's Major Economic Events
Today's anticipated economic releases include:
• US MBA Mortgage Applications - 1100 GMT
• UK Industrial Production - 0700 GMT
• UK Manufacturing Production - 0700 GMT
• Germany's 10y Bond Auction - 1030 GMT
• Eurozone Industrial Production - 1000 GMT
• Japan Foreign Bond Investment - 2350 GMT