Daily Global Market Update

Bitcoin and Aussie rose on positive technical signals. Google edged up. Gold corrected slightly. Oil gained on a weaker dollar and OPEC+ delay. A new USD-pegged stablecoin launched. Key economic events include US, German, Eurozone, and Japanese data.

Bitcoin's Upward Momentum

The Bitcoin/USD pair skyrocketed by 3.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

 

 

Google's Steady Rise

Google shares saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal.

 

 

Aussie's Positive Signal

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

 

 

Gold's Minor Correction

The Gold/USD pair made a minor upward correction in the last session, gaining 0.1%. The Stochastic indicator is giving a negative signal.

 

 

Global Financial Headlines

Oil prices edged up about 1% on a weaker US dollar, coinciding with a closely contested US presidential election. OPEC+ delayed plans to increase production in December, contributing to a previous 2% rise in oil prices. Meanwhile, a consortium including Robinhood, Galaxy Digital, Kraken, and Paxos has launched a new stablecoin pegged to the US dollar, aiming to boost global adoption.

 

Upcoming Economic Highlights

Key economic events to watch include:

• US MBA Mortgage Applications - 12:00 GMT

• US EIA Crude Oil Stocks Change - 15:30 GMT

• Germany's Factory Orders - 07:00 GMT

• Eurozone's Producer Price Index - 10:00 GMT

• Japan's Labour Cash Earnings - 23:30 GMT

• Japan's Jibun Bank Services PMI - 03:00 GMT

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