Daily Global Market Update
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