Daily Global Market Update
Bitcoin's Decline in the Market
The Bitcoin-Dollar pair fell by 2.2% in the last trading session. The MACD is giving a negative signal, indicating potential bearish momentum.
Alibaba's Stable Performance
Alibaba's stock remained largely unchanged in the last session. The MACD is giving a positive signal, suggesting upward momentum in the near term.
Aussie Dollar's Decline
The Australian Dollar fell by 0.8% against the US Dollar in the last session. According to the CCI, the market is in an oversold condition, indicating a potential reversal.
Gold's Remarkable Surge
The Gold-Dollar pair soared by 1.2% in the last session. The Ultimate Oscillator is giving a positive signal, reflecting strong bullish momentum.
Global Financial Updates
Gold prices reached a two-week high amid rising geopolitical tensions and expectations of a third US rate cut by the Federal Reserve next week. The Canadian Dollar strengthened slightly against the US Dollar as oil prices rose. Microsoft shareholders recently rejected a proposal to add Bitcoin to the company's balance sheet, with the board deeming the move unnecessary.
Upcoming Economic Events
Key economic events to watch for this week include:
• US Inflation Data - 1330 GMT
• Bank of Canada Rate Decision - 1500 GMT
• Japan's Machine Tool Orders - 0600 GMT
• UK GDP Estimate - 0700 GMT
• Eurozone Industrial Production - 1000 GMT
Risk appetite improves on first trade deal, US-Sino talks in focus
EBC's Million Dollar Trading Challenge II | Record-Breaking Week as Traders Race Past $300,000 in Profits
USDCAD pivots higher: Is this rebound sustainable?
A sharp crypto market awakening
SP500 Analysis: Cautious on Danger Approaching
5 Key Reasons Why EBC’s Partnership with IUU Is a Game Changer for Mongolia’s Financial Growth
Powell supported the dollar through the rate
