Daily Global Market Update

GBP/USD rose 0.1% with positive CCI, Bitcoin dropped 0.7%, Oil/USD surged 2.1% with a positive CCI, AUD/USD fell 0.2% with negative MACD. Bitcoin ETFs started strong, Nikkei 225 hit 34-year high, Gold rose on weak dollar. Economic releases: UK Manufacturing, Japan Eco Watchers, Finland Current Account, US USDA WDE Report, UK GDP, Japan Eco Watchers Outlook.

Pound's Modest Rise Against the Dollar

The GBP/USD pair witnessed a slight uptick in the last session, increasing by 0.1%. The Commodity Channel Index (CCI) indicates a positive trend.

 

 

Bitcoin's Volatile Session

Bitcoin experienced a drop of 0.7% against the dollar in the last session, despite an intraday high of 4.5%. The Stochastic RSI is currently signalling positive.

 

 

Oil's Remarkable Surge

The Oil/USD pair saw a significant jump, soaring by 2.1% in the last session. The CCI suggests a continuing positive trend.

 

 

AUD/USD's Slight Downturn

The Australian Dollar experienced a minor decline of 0.2% against the US Dollar in the last session. The MACD is currently showing a negative signal.

 

 

Global Financial Headlines

Bitcoin spot exchange-traded funds witnessed an exceptional start, with trading volume hitting around $1.6 billion just minutes after the opening. Japan's Nikkei 225 Index reached a new 34-year high, surpassing 34,000 points. Investors are closely watching the Bank of Japan's policy normalisation. Gold prices edged higher as the dollar weakened, with markets awaiting the U.S. inflation report for further clues on the Federal Reserve's monetary policy.

 

Upcoming Economic Highlights

Today's major economic releases include:

• UK's Manufacturing Production - 0700 hours GMT

• Japan's Eco Watchers Survey (Current) - 0500 hours GMT

• Finland's Current Account - 0600 hours GMT

• US USDA WDE Report - 1700 hours GMT

• UK's Gross Domestic Product - 0700 hours GMT

• Japan's Eco Watchers Survey (Outlook) - 0500 hours GMT

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