Daily Global Market Update
Bitcoin's Explosive Growth
The Bitcoin/USD pair surged by 2.3% in the last session. The Rate of Change (ROC) indicator is giving a positive signal, supporting a bullish outlook for Bitcoin.
NIO's Downtrend
NIO shares dropped by 0.8% in the last session. The ROC indicator is giving a negative signal, aligning with the bearish sentiment in the market.
Aussie Dollar's Minor Correction
The AUD/USD pair saw a minor upward correction, rising by 0.1% in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating a potential continuation of the uptrend.
Gold's Modest Rise
Gold rose by 0.4% against the dollar in the last session. However, the CCI is giving a negative signal, suggesting caution in the current market trend.
Global Financial Headlines
Oil prices dipped following a US government agency's forecast of steady oil demand in 2025, though declines were capped by new sanctions on Russian oil exports to India and China. The dollar fell slightly against the euro while remaining near a two-year high as inflation readings offered limited clarity on future interest rate cuts. Meanwhile, USD Coin's market capitalisation surged by 78% year-over-year, outpacing other stablecoins globally.
Upcoming Economic Highlights
Key economic events to monitor include:
• UK's 10-Year Bond Auction - 1030 GMT
• UK's Producer Price Index - 0700 GMT
• French Consumer Price Index - 0745 GMT
• Japan's Producer Price Index - 2350 GMT
• Finland's GDP - 0600 GMT
• US MBA Mortgage Applications - 1200 GMT