Daily Global Market Update
Gold's Impressive Ascent
Gold surged by 0.7% against the dollar in the last trading session. An analysis through the Rate of Change (ROC) indicates a bullish momentum.
Euro's Stable Stance
The euro-dollar pair exhibited minimal fluctuations in the previous session. The Stochastic indicator hints at a bullish momentum.
Pound's Slight Recovery
The pound-dollar pair experienced a minor upward correction, advancing 0.1% in the latest session. The Williams indicator suggests a bullish landscape.
Bitcoin's Downward Shift
Bitcoin, when paired with the dollar, suffered a 1% decline in the recent session. Interestingly, the Williams indicator points towards bearish territory.
Financial Market Insights
Surging US government bond yields are prompting global borrowing costs to escalate, introducing fresh challenges for economic policymakers. They aim to moderate inflation without sparking a substantial crisis. Finance, the globe's foremost trading platform by volume, is expanding its UK footprint by launching a regional domain, even after retracting its registration with the UK's Financial Conduct Authority. In the realm of electronics, Samsung and SK Hynix have secured indefinite permissions to provide US chip equipment to their Chinese plants without isolated US approvals.
Today's Economic Highlights
A glance at the impending economic announcements:
• US NFIB Business Optimism Index - 1000 hours GMT
• US Redbook Index - 1255 GMT
• Dutch Consumer Price Index - 0430 GMT
• Dutch Consumer Spending Volume - 0430 GMT
• Japan's Eco Watchers Survey (Current) - 0500 hours GMT
• Japan's Eco Watchers Survey (Outlook) - 0500 hours GMT
EBC Markets Briefing | AI race is spinning out of control
Stocks plunge on AI valuation worries, gold and yen bounce back
ETHUSD Falls Below Key Support as Bearish Momentum Strengthens
Forex goes to safe havens
Forex goes to safe havens
GBP/USD takes a hit on UK budget jitters
If the 4-year cycles are still alive, BTC faces a pullback to $70K
