Daily Global Market Update

Financial markets showed mixed signals. Gold and major currencies gained against the dollar, while Bitcoin fell sharply. Dow Jones rose on investor shift, while NASDAQ dropped. Mt. Gox to repay lost Bitcoin. Watch out for today's economic data releases including US consumer confidence and Chicago Fed National Activity Index.

Gold's Positive Trend

Gold rose 0.6% against the dollar in the last trading session. The MACD is giving a positive signal.

 

 

Euro's Impact on the Markets

The Euro gained 0.4% against the dollar in the last trading session. The MACD is giving a negative signal.

 

 

Pound's Subtle Increase

The Pound rose 0.3% against the dollar in the last trading session. The RSI is giving a negative signal.

 

 

Bitcoin's Market Downturn

The Bitcoin/Dollar pair plummeted by 5.8% in the last session. The Stochastic RSI indicates an oversold market.

 

 

Global Financial Headlines

Dow Jones rallied to a one-month high, whereas the NASDAQ fell by over 1% as investors shift from AI-linked stocks towards lagging ones, anticipating Federal Reserve rate cuts. Meanwhile, Mt. Gox, a cryptocurrency exchange, announced it would start repaying users who lost Bitcoin in 2014, starting July 2024.

 

Upcoming Economic Highlights

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

• US Consumer Confidence - 1400 GMT

• US Chicago Fed National Activity Index - 1230 GMT

• Eurozone's Euro Group Meeting - 0700 GMT

• Spain's Gross Domestic Product - 0700 GMT

• Japan's Coincident Index - 0500 GMT

• Japan's Leading Economic Index - 0500 GMT

Moneta Markets
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