Daily Global Market Update

Pound Dollar's Slight Bump

The pound witnessed a modest ascent of 0.1% against the dollar during its recent session. An analysis utilising the RSI indicates a favourable backdrop.

Bitcoin Dollar's Dive

Bitcoin, when measured against the dollar, declined by 1.5% in the previous session. The Stochastic RSI suggests a bearish environment.

Oil's Explosive Session

The oil-dollar pairing surged by 2.1% in the recent trading session. The CCI is pointing towards an oversold market condition.

Aussie's Minor Upward Tweak

The Aussie dollar underwent a slight upward adjustment, marking a 0.1% gain in its last engagement. The Ultimate Oscillator signals a harmonious alignment with the broader technical perspective.

World Financial Updates

Binance is set to conclude its collaboration with the Russian payment medium, Advanced Cash, thereby terminating ruble transactions. Advanced Cash functioned as a bridge between sanctioned Russian banks and the exchange. In parallel, the Bank of England maintained interest rates at their peak in 15 years. Yet, the policymakers remain divided on the strategies to tackle surging inflation. The oil trading community is predicted to offer premiums for the annual provision of the majority of Middle Eastern crude in 2024. This is attributed to apprehensions over supply, especially post the intensification of geopolitical strains following the Israel-Gaza discord.

Today's Economic Highlights

Here's a synopsis of the imminent economic releases:

• US Non-farm Payrolls - 1230 hours GMT

• Euro Zone's Unemployment Rate - 1000 hours GMT

• US Average Hourly Earnings - 1230 hours GMT

• Japan's CFTC JPY NC Net Positions - 2030 hours GMT

• Australia's Retail Sales - 0030 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 hours GMT