Daily Global Market Update
Bitcoin's Sharp Decline
Bitcoin plummeted by 2.5% against the dollar in the last session. The Rate of Change (ROC) is indicating a negative signal, suggesting further potential declines.
Apple's Stock Gain
Apple's stock saw an increase of 0.6% in the last session. The Ultimate Oscillator is giving a positive signal, pointing towards continued bullish trends.
Stability in the AUD/USD Pair
The AUD/USD pair remained largely unchanged in the last session. The Williams %R indicator signals a negative outlook for the currency pair.
Minor Retreat in Gold Prices
The gold-dollar pair experienced a slight correction, falling by 0.2% in the last session. According to the Williams %R, the market is currently overbought, suggesting potential downward corrections.
Global Financial Headlines
Gold prices cooled near a record peak in the previous session as the dollar maintained its strength. Prospects of U.S. interest rate cuts this year support the current level, with gold trading near the $2,400 mark.
Upcoming Economic Highlights
Here's a brief rundown of today's most important economic releases:
• UK's Consumer Price Index - 0600 GMT
• US MBA Mortgage Applications - 1100 GMT
• Japan's Foreign Investment in Japan Stocks - 2350 GMT
• Germany's Bundesbank Monthly Report - 1000 GMT
• Japan's Foreign Bond Investment - 2350 GMT
• US Existing Home Sales - 1400 GMT