Daily Global Market Update
Pound's Sideways Movement
The GBP/USD pair traded sideways during the last session. The Stochastic RSI indicator is signalling a positive trend.
Bitcoin's Decline
Bitcoin paired with the dollar declined by 1.2% in the last session after experiencing a 3.1% intra-session dip. The Rate of Change (ROC) indicator is showing a negative signal.
Oil's Plunge
The US Crude Oil pair dropped by 1.9% in the last session. The Stochastic indicator is signalling a positive trend.
Aussie's Minor Dip
The AUD/USD pair dipped slightly by 0.2% in the last session. The Commodity Channel Index (CCI) is giving a positive signal.
Global Financial News
Coinbase has reintroduced Bitcoin-backed loans in the United States, allowing users to borrow against their digital assets. This service enables account holders, excluding New York residents, to borrow up to $100,000 in USD Coin using Bitcoin as collateral.
US retail sales showed a robust increase in December, reflecting strong consumer demand. Meanwhile, gold prices rose to a one-month high due to reduced treasury yields, aligning with expectations of a more dovish Federal Reserve policy.
Upcoming Economic Highlights
• Japan's CFTC JPY NC Net Positions - 2030 GMT
• Eurozone's Current Account - 9 GMT
• Japan's Foreign Investment in Japan Stocks - 2350 GMT
• Austrian HICP - 8 GMT
• UK's Retail Sales - 7 GMT
• UK's CFTC GBP NC Net Positions - 2030 GMT