Daily Global Market Update
Bitcoin's Upward Momentum
The Bitcoin-USD pair gained 2% in the last session, after rising as much as 3.6% during the session. The Stochastic indicator is giving a positive signal.
Apple's Stock Rise
Apple shares rose 1% in the last session. The Williams indicator suggests an overbought market.
AUDUSD Pair's Gain
The last session saw the Aussie gain 0.7% against the dollar. The Williams indicator suggests an overbought market.
Gold's Slight Dip
Gold dropped 0.4% against the dollar in the last session. According to the Stochastic RSI, we are in an overbought market.
Global Financial Headlines
Brent and US crude oil futures fell as markets saw reduced risk of a wider war in the Middle East, with Iran yet to act on threats to retaliate against Israel for the assassination of a Hamas official in Iran. The yen remained weak for a second straight day, and the dollar softened against the rest of its peers in calmer trading as markets await US inflation data that could indicate the outlook for Federal Reserve interest rate cuts. The Canadian cryptocurrency trading platform eBTC and its founder David Smillie allegedly defrauded customers by misappropriating approximately $9.5 million of their cryptocurrency investments and using the funds for gambling.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US Consumer Price Index - 1230 GMT
• UK Consumer Price Index - 0600 GMT
• Japan's Gross Domestic Product - 2350 GMT
• Eurozone's Industrial Production - 0900 GMT
• Japan's Gross Domestic Product (Annualised) - 2350 GMT
• Eurozone's Employment Change - 0900 GMT
Daily Global Market Update
What’s Next for USD, CAD, and AUD?
Daily Global Market Update
AUD/USD Consolidates After Recent Gains
Gold Gain on Russia-Ukraine Tension
Daily Global Market Update
Oil Rally on Russia-Ukraine Heighten Tension
