Daily Global Market Update
Bitcoin's Negative Outlook
The Bitcoin/USD pair experienced a 1.6% dip during the last session, followed by a 0.4% overall drop. The MACD indicator is signalling a negative trend.
Alibaba Bar Stock's Stability
Alibaba Bar stock saw a minor decline of 0.2% in the last session. However, the Stochastic RSI is giving a positive signal, suggesting potential upward momentum.
Aussie Dollar's Downward Correction
The AUD/USD pair corrected downwards, falling 0.1% in the last session. The Stochastic indicator is signalling a positive outlook, indicating potential recovery.
Gold's Steady Rise
Gold rose by 0.4% in the last session, recovering from earlier lows. The Ultimate Oscillator is signalling positive momentum, supporting the bullish outlook.
Global Financial Headlines
Gold prices faced a tug-of-war as safe-haven demand softened amid optimism over a potential Israel-Hezbollah ceasefire. However, concerns over Ukraine and US tariff plans provided some support. Oil prices fell sharply after Israel agreed to a ceasefire deal with Lebanon, lowering risk premiums and causing benchmarks to drop around 1%. Meanwhile, cryptocurrency ownership in the UK has reached 12%, prompting increased regulatory attention from the Financial Conduct Authority.
Upcoming Economic Highlights
Key events to watch this week include:
• Japan’s Labour Cash Earnings - 2330 GMT
• US Redbook Index - 1355 GMT
• UK’s BRC Retail Sales - 0001 GMT
• Japan’s Overall Household Spending - 2330 GMT
• Eurozone’s Unemployment Rate - 1000 GMT
• Germany’s Industrial Production - 0700 GMT