Daily Global Market Update
Bitcoin's Sharp Decline
The Bitcoin/USD pair plummeted by 1.5% in the last session. The Williams %R indicator is giving a negative signal.
Volkswagen's Slight Dip
Volkswagen shares fell by 0.5% in the last session. The RSI is giving a positive signal, contrary to the price movement.
AUD/USD Pair's Slight Uptick
The AUD/USD pair made a minor upwards correction in the last session, gaining 0.2%. The MACD is giving a positive signal, aligning with the recent price movement.
Gold's Modest Gain
The gold/USD pair rose 0.3% in the last session. The Williams %R indicator suggests an overbought market.
Global Financial Headlines
Oil prices fell about 2% on concerns that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7% during the prior three days. Sterling reached a two-year high against the dollar and also gained on the Euro, supported by expectations that the Bank of England will cut rates less dramatically than the Federal Reserve, while the British economy outperforms the Eurozone. The market capitalisation of artificial intelligence and Big Data cryptocurrency projects and tokens has surged by 79.7% over the past three weeks, reflecting renewed confidence among crypto investors.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• Irish Consumer Confidence - 0600 GMT
• Japan's Foreign Bond Investment - 2350 GMT
• Eurozone's Euro Group Meeting - 0700 GMT
• Japan's Foreign Investment in Japan Stocks - 2350 GMT
• US EIA Crude Oil Stock Change - 1430 GMT
• US MBA Mortgage Applications - 1100 GMT