Daily Global Market Update
Gold's Minor Rise
The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal.
Euro's Upward Correction
The Euro-Dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a positive signal.
Pound's Sideways Movement
The Pound-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
Bitcoin's Significant Movement
The Bitcoin-Dollar pair exploded 1.3% in the last session. The ROC is giving a negative signal.
Global Financial Headlines
Wall Street rose ahead of a packed week of earnings from mega-cap companies and the final stretch before the November 5th election. Sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Digital asset inflows experienced a notable surge in the week ending October 25th, reaching $91 million, largely fuelled by a spike in Bitcoin transactions, propelling year-to-date totals to $27 billion. Cybersecurity firm CrowdStrike sued Delta Airlines after a faulty software update prompted a global outage in July, leading to worldwide flight cancellations and impacting industries including banks, healthcare, media companies, and hotel chains.
Upcoming Economic Highlights
Key economic events to look out for include:
• US Consumer Confidence - 14:00 GMT
• US JOLTS Job Openings - 14:00 GMT
• US Redbook Index - 12:55 GMT
• Irish Retail Sales - 11:00 GMT
• Austrian Purchasing Manager Index - 09:00 GMT
• Belgian Gross Domestic Product - 10:00 GMT
Week 10 of EBC’s Million Dollar Trading Challenge II: Bold Moves, Big Lessons
German economic sentiment rebound supports the euro
Oil gains on production decline, trade optimism
Crypto booked profits amid general euphoria
US Dollar Roars Back in a Blaze of Glory as Market Shrugs Off Recession Fears
WTI OIL Analysis: Oil Prices are Overly Optimistic
Dollar’s resilience could be tested after Monday’s surge
