Daily Global Market Update
Gold Dollar Pair's Slight Rise
The gold-dollar pair noted a marginal ascent of 0.2% in its latest trading session. The Ultimate Oscillator underlines this positive trend, harmonising with the broader technical analysis.
Euro's Modest Uplift Against Dollar
The Euro registered a slight increase of 0.1% against the dollar in the preceding trading session. The Ultimate Oscillator is portraying a positive scenario.
Pound Dollar Pair's Neutral Stand
The pound-dollar pairing witnessed a steady phase in the recent session. The Stochastic RSI indicates an oversold market condition.
Bitcoin's Decline
The Bitcoin-dollar tandem saw a 0.4% dip in the previous trading bout. However, the Stochastic RSI emanates a positive vibe.
Financial Headlines
Consistent U.S. economic data releases have alleviated recession apprehensions. However, lingering concerns regarding inflation surpassing the Federal Reserve's targets have led investors to speculate prolonged high interest rates. Furthermore, Bitcoin's hashrate achieved new zeniths, reflecting a 54% surge since the dawn of 2023 and an 80% growth in the past year. Chinese car manufacturer BYD has announced its acquisition of Chapel's mobile electronics manufacturing business in China for a substantial $2.2 billion.
Anticipated Economic Events
Here's an insight into significant economic unveilings lined up:
• U.S. Consumer Confidence - 1400 hours GMT
• U.S. JOLTS Job Openings - 1400 hours GMT
• U.S. Red Book Index - 1255 GMT
• Germany's GfK Consumer Confidence Survey - 0600 hours GMT
• Spain's Retail Sales - 0700 hours GMT
• France's Consumer Confidence - 0645 GMT