Daily Global Market Update

Bitcoin dipped 2.5%, Amazon's stock rose 0.7%, Aussie dollar surged 1.9%, Gold gained 0.8%. Oil prices rise, Yen weak, OKX launches layer 2 blockchain. Upcoming: Euro Zone trade balance, UK CPI, US retail sales & PPI, Japan imports & exports.

Bitcoin's Recent Dip

The Bitcoin/USD pair experienced a notable decline of 2.5% in the last session. The Stochastic indicator is currently indicating a negative trend.

 

 

Amazon's Positive Outlook

Amazon's shares saw an uptick of 0.7% in the last trading session. The ROC (Rate of Change) indicator is giving a positive signal, aligning with our overall technical analysis.

 

 

Aussie Dollar's Surge

The Australian dollar experienced a significant rise of 1.9% in the last session. The ROC indicator provides a positive signal for this currency pair.

 

 

Gold's Positive Momentum

Gold rose by 0.8% against the dollar in the latest session. The Stochastic RSI is indicating a positive signal, consistent with our overall technical analysis.

 

 

Global Financial Headlines

Oil prices are witnessing a modest increase, driven by strong demand expectations and concerns over supply disruptions. This comes in the wake of OPEC's report underscoring resilient demand and warning against speculator-driven price fluctuations. The Japanese Yen remains weak, hovering near a three-decade low against the dollar, largely due to the Bank of Japan's ultra-easy monetary policy. In the crypto sector, OKX has launched its layer 2 blockchain for developer testing, aiming to enhance transaction efficiency.

 

Upcoming Economic Highlights

Today's key economic releases include:

• Euro Zone's Trade Balance - 1000 hours GMT

• UK's Core Consumer Price Index - 0700 hours GMT

• US Retail Sales - 1330 GMT

• US Producer Price Index - 1330 GMT

• Japan's Imports - 2350 GMT

• Japan's Exports - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
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