Daily Global Market Update

Bitcoin gained 0.5%, Microsoft stock fell 0.9%, Aussie dollar dipped 0.1%, and gold rose 0.2%. Global highlights: Brent crude at $828, Euro Zone avoids recession, and Circle expands USDC. Upcoming: Japan's Consumer Confidence, Germany's CPI, U.S ADP Employment, Australia's CPI, U.S Fed Interest Rate, and Japan's Unemployment Rate.

Bitcoin's Positive Outlook

Bitcoin USD pair has shown resilience, registering a gain of 0.5% against the dollar in the last session. The Stochastic indicator is currently signaling positivity, aligning with our broader technical analysis.

 

 

Microsoft's Decline

Microsoft stock experienced a downward movement, falling by 0.9% in the last session. The Williams indicator is hinting at an overbought market scenario.

 

 

Aussie Dollar's Minor Dip

The Australian dollar recorded a slight decline of 0.1% in the last session. The Ultimate Oscillator is emitting a negative signal.

 

 

Gold's Steady Climb

The gold-dollar pair witnessed a modest increase of 0.2% in the previous session. The RSI is currently providing a positive signal, which corroborates our overall technical outlook.

 

 

Global Financial Headlines

March Brent crude futures rose to $828 a barrel, influenced by a higher global economic growth forecast and escalating tensions in the Middle East. The Euro Zone's narrow avoidance of a technical recession in the fourth quarter and the upcoming Federal Reserve's monetary policy decision have caused the Euro to stagger, while the US dollar edged lower. Circle's expansion of its USDC stable coin to the cell network marks a significant step towards enhancing cross-border payments and peer-to-peer transactions in developing regions.

 

Upcoming Economic Highlights

Here's a brief rundown of today’s anticipated economic releases:

• Japan's Consumer Confidence Index - 0500 hours GMT

• Germany's Harmonized Index of Consumer Prices - 1300 hours GMT

• U.S ADP Employment Change - 1315 hours GMT

• Australia's Consumer Price Index - 0030 hours GMT

• U.S Federal Reserve Interest Rate Decision - 1900 hours GMT

• Japan's Unemployment Rate - 0855 hours GMT

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