Daily Global Market Update
Pound-Dollar Analysis
The pound-dollar price remained largely unchanged in the last session. The stochastic indicator is giving a positive signal.
Bitcoin-Dollar Pair Movement
The Bitcoin-dollar pair exploded by 2.9% in the last session. However, the MACD is giving a negative signal.
Oil-Dollar Pair Movement
The oil-dollar pair rose by 1.4% in the last session, after gaining as much as 1.8% during the session. The ROC is giving a negative signal.
Aussie Dollar Pair Movement
The Aussie dollar pair saw a minor rise of 0.2% in the last session. The ROC is giving a positive signal.
World Headlines
Ripple, the enterprise-focused blockchain service and creator of the XRP Ledger, is introducing its own stablecoin pegged to the price of the US dollar, citing clear demand for stablecoins. Gold prices rallied to a record high as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear. Traders await key US jobs data. Oil prices rose slightly on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the US, the world's biggest oil consumer.
Upcoming Major Economic Events
Here are today's major economic events:
• Germany's Factory Orders - 0600 GMT
• Japan's Coincident Index - 0500 GMT
• Eurozone's Retail Sales - 0900 GMT
• UK's CFTC GBP NC Net Positions - 1930 GMT
• US Non-Farm Payrolls - 1230 GMT
• Australia's Exports - 0030 GMT