Daily Global Market Update

Gold's Downward Correction

The gold/dollar pair experienced a downward correction, falling 0.2% in the last session. The MACD is currently giving a negative signal.

Euro's Sideways Movement

The EUR/USD pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

Pound's Decline Against the Dollar

The GBP/USD pair fell 0.3% against the dollar in the last trading session. The Ultimate Oscillator is giving a negative signal.

Bitcoin's Upward Movement

Bitcoin rose 0.7% against the dollar in the last trading session. The Commodity Channel Index (CCI) is giving a positive signal.

Global Financial Headlines

US stock indexes fell, pressured by rising Treasury yields as markets recalibrated expectations for the Federal Reserve rate cut. The yield on benchmark 10-year notes exceeded 4% for the first time in two months. Global cryptocurrency adoption is approaching a significant milestone, with 7.51% of the world's population now using digital currencies, according to a report by MatrixPort. The report projects this figure to exceed 8% by 2025. Super Micro Computer announced it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending the AI server maker's shares up about 14% following a weeks-long slump.

Upcoming Economic Highlights

Key economic events to look out for include:

• Eurozone's Euro Group Meeting - 0700 GMT

• US Redbook Index - 1255 GMT

• US NFIB Business Optimism Index - 1000 GMT

• Japan's Eco Watchers Survey Current - 0500 GMT

• Australia's RBA Meeting Minutes - 0030 GMT

• Germany's Industrial Production - 0600 GMT