Daily Global Market Update
Gold's Strong Rally
The gold-dollar pair surged by 1.4% in the last session. The Williams Percent Range indicator is giving a positive signal, suggesting continued bullish momentum.
Euro's Positive Session
The euro rose 0.5% against the dollar in the last trading session. The RSI is indicating a positive trend, supporting expectations of further gains.
Pound Gains Ground
The pound-dollar pair advanced by 0.4% in the last session. The Rate of Change (ROC) indicator is signalling a positive outlook, pointing to sustained upward momentum.
Bitcoin's Modest Increase
Bitcoin gained 0.6% against the dollar in the last session. The MACD is showing a positive signal, aligning with broader market sentiment.
Global Financial Headlines
The NASDAQ and S&P 500 rebounded after recent losses, driven by anticipation for quarterly earnings from tech giants Nvidia and Tesla. MicroStrategy continued increasing its Bitcoin holdings, despite the cryptocurrency reaching new highs. Boeing announced plans to lay off over 2,200 workers in Washington and Oregon, as part of a broader strategy to reduce its global workforce by 10%, equating to approximately 17,000 jobs.
Upcoming Economic Highlights
Key economic events to watch for include:
• US Consumer Price Index (CPI) - 1230 GMT
• Eurozone Industrial Production - 0900 GMT
• UK GDP Preliminary Data - 0700 GMT
• Australia's Employment Change - 0030 GMT
• Japan's Machine Orders - 2330 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
