Daily Global Market Update
Bitcoin's Significant Surge
Bitcoin, paired with the USD, experienced a substantial rise, escalating 1.8% in the last session. The MACD currently suggests a negative outlook, despite the recent gains.
Apple's Stock Sees Upward Correction
Apple's stock showed a minor improvement, with a 0.3% rise in the last session. The stochastic indicator, however, is projecting a negative signal for future movements.
Aussie Dollar Gains
The Australian Dollar experienced a gain of 0.5% in the last session. This positive movement is supported by a positive signal from the Ultimate Oscillator.
Gold Continues to Climb
Gold's performance remains strong, with a 1.2% increase in the last session. The RSI indicator is signaling an overbought market, suggesting potential caution for investors.
Today's Financial NewsGold continues its upward trajectory, achieving a more than 6-month high, driven by a weakening dollar and expectations that the US Federal Reserve may halt interest rate hikes. Meanwhile, the US dollar hits a 3-month low, signalling potential economic slowdown. In cryptocurrency news, Chang Pang, former CEO of Finance Exchange, steps down from his US-based board position amidst a significant $4.3 billion settlement.
Upcoming Economic Events
Here are key economic events to watch out for:
• Australia's Construction Work Done - 0030 hours GMT
• US Gross Domestic Product Annualized - 1330 hours GMT
• Japan's Large Retailer Sales - 2350 hours GMT
• US Gross Domestic Product Price Index - 1330 hours GMT
• Japan's Retail Trade - 2350 hours GMT
• France's Non-Farm Payrolls - 0630 hours GMT
Weak PMIs Failed to Dampen GBPUSD
Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend
EBC Markets Briefing | Loonie closer to key support on easing policy
Stocks under pressure amid US election jitters, dollar extends gains
Technical Analysis – GBPJPY at 3-Month High
Has Bitcoin Completed a Correction?
EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand
