Daily Global Market Update

Pound's Decline Against the Dollar

The Pound experienced a noticeable fall of 0.5% against the Dollar in the last trading session. The MACD indicator is currently signaling a positive trend.

Bitcoin's Slight Retreat

Bitcoin registered a minimal decrease of 0.1% against the Dollar in the latest session. The Williams Percent Range indicator is providing a negative signal, presenting a contrasting view to our overall technical analysis.

Oil's Significant Drop

The Oil-Dollar pair witnessed a significant drop of 2.6% in the last session. Despite this decline, the MACD indicator is suggesting a positive signal.

Aussie Dollar's Minor Dip

The Australian Dollar saw a small decline of 0.2% in the last session. The MACD continues to indicate a positive trend, despite the recent dip.

Global Financial Headlines

In the UK, new notices have been issued urging crypto users to voluntarily disclose unpaid taxes to avoid penalties. A recent government survey reveals that a significant majority of crypto owners in the UK are not familiar with crypto tax guidelines. Despite this, experts warn that ignorance will not be an excuse for tax evasion. Inflation in Europe has seen a welcome decrease to 2.4% in November, marking the lowest rate in over two years, primarily driven by falling energy costs. However, the impact of higher interest rates continues to be a concern for economic growth. US crude production reached a new monthly record in September, with an output of 13.24 million barrels per day, boosted notably by an increase in North Dakota's production, according to the Energy Information Administration.

Today’s Major Economic Events

Here is a brief overview of major economic releases scheduled for today:

• Austria's Gross Domestic Product - 0800 hours GMT

• Japan's CFTC JPY NC Net Positions - 2030 hours GMT

• US ISM Manufacturing PMI - 1500 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 hours GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 hours GMT

• US ISM Manufacturing Employment Index - 1500 hours GMT