Daily Global Market Update

Bitcoin's Significant Drop

The Bitcoin dollar pair saw a sharp decline, plummeting 5.5% in the last session. The Ultimate Oscillator indicates a negative outlook for the market.

NIO's Market Turbulence

Shares of NIO experienced a significant drop, falling by 4.9% in the last session. The Rate of Change (ROC) indicator signals a negative trend.

 AUD/USD Pair's Decline

The AUD/USD pair fell by 0.3% in the last session. The Stochastic RSI indicates a negative signal, suggesting potential continued downward movement.

Gold's Minor Retreat

Gold experienced a minor dip of 0.1% against the dollar in the last session. The Commodity Channel Index (CCI) is providing a negative signal, indicating a cautious outlook for gold investors.

Global Financial Headlines

Gold prices edged lower against a backdrop of a stronger dollar, with investors looking forward to the US Federal Reserve policy meeting for potential clues on interest rate cuts this year. The Swiss National Bank has actively sold foreign currency to support the Swiss franc against imported inflation, with transactions totaling nearly $150 billion in 2023. Bitcoin's price shows signs of recovery from its weekly low, but the upcoming Federal Reserve meeting poses a significant influence on the cryptocurrency market's direction.

Today's Major Economic Events

The economic calendar today includes the release of the Eurozone's consumer confidence, the US Federal Reserve's interest rate decision, and a press conference by the FOMC. Additionally, data on Japan's exports and merchandise trade balance, as well as the UK's core Consumer Price Index, will be closely watched by investors.

• Eurozone's Consumer Confidence - 1500 GMT

• US Federal Reserve Interest Rate Decision - 1800 GMT

• US FOMC Press Conference - 1830 GMT

• Japan's Exports - 2350 GMT

• Japan's Merchandise Trade Balance Total - 2350 GMT

• UK's Core Consumer Price Index - 0700 GMT