Daily Global Market Update

Gold's Slight Elevation

Gold saw a minor rise of 0.2% against the dollar in the last session. The Rate of Change (ROC) is currently giving a negative signal, indicating potential downward pressure.

Euro Dollar's Steady Position

The Euro Dollar pair remained largely unchanged in the recent session. The Stochastic indicator is emitting a positive signal, suggesting potential upward momentum.

Pound's Increment Against the Dollar

The Pound gained 0.3% against the Dollar in the last session. The Ultimate Oscillator is generating a negative signal, which could indicate upcoming bearish trends.

Bitcoin's Decline

Bitcoin experienced a significant decline, plummeting 1.3% in the last session. The Williams %R indicator is currently suggesting a negative outlook.

Global Financial Headlines

US stock indexes showed mixed results as investors await key inflation data that could influence Federal Reserve's interest rate decisions. Bitcoin hovers around $37,000, with market bulls eyeing the Consumer Price Index for potential momentum. In technology, Chinese chipmaker YMTC files a patent infringement lawsuit against US firm Micron Technology. Coming up, key economic releases include the US Consumer Price Index, the UK's Claimant Count Change, and Japan's GDP data. Stay updated with these important market drivers.

Today's Economic Events

Major economic events today include:

• US Consumer Price Index - 1330 hours GMT

• UK's Claimant Count Change - 0700 hours GMT

• US NFIB Business Optimism Index - 1100 hours GMT

• UK's Employment Change - 0700 hours GMT

• Japan's Gross Domestic Product - 2350 GMT

• Japan's Gross Domestic Product Annualized - 2350 GMT