Daily Global Market Update

Bitcoin's Explosive Jump

The Bitcoin-dollar pair surged by a significant 5.8% in the preceding trading session. The RSI's positive divergence echoes with the general technical prognosis.

Microsoft's Share Elevation

In the last session, shares of Microsoft observed a 1.9% uptick. As inferred from the CCI, the market sentiment appears overbought.

Aussie Dollar's Positive Move

The last trading session saw the Australian dollar grow by 0.7%. The CCI is projecting an encouraging signal, aligning with the uptrend.

Gold's Rally Against the Dollar

Gold recently rose by 0.8% when pitted against the dollar. The RSI seems to be painting a positive narrative, consistent with the broader technical evaluation.

Financial News Wrap-up

Gold prices rose, likely due to the recent rally in the US dollar and treasury yields beginning to show signs of weariness. This comes ahead of paramount inflation and job figures this week, which may shape the forecast for interest rates. Moreover, the dollar experienced fluctuations, hitting a nine-month peak against the Japanese Yen, only to dip when juxtaposed with a mix of currencies. This change was largely due to awaiting essential data releases later this week and surveillance for possible interventions to support the struggling Japanese currency. Bitcoin's price, after nearly a fortnight of steadiness, appears poised for its next significant move. Such expectations arise as the U.S. market awaits three crucial macroeconomic releases this week.

Upcoming Economic Highlights

On the economic front, here are today’s awaited releases:

• Eurozone's Business Climate - 0900 hours GMT

• Japan's Large Retailer Sales - 2350 GMT

• ADP Employment Change - 1215 GMT

• U.S Gross Domestic Product (Annualised) - 1230 GMT

• Germany's Import Price Index - 0600 hours GMT

• Japan's Retail Trade - 2350 GMT