Daily Global Market Update
Gold's Positive Signal
The gold-dollar pair declined by 1% in the last trading session. The Stochastic indicator is giving a positive signal, indicating potential upward momentum.
Euro's Oversold Market
The Euro fell by 0.2% against the dollar in the last session. The Stochastic RSI indicates the market is currently oversold, suggesting potential opportunities for buyers.
Pound's Oversold Signal
The pound-dollar pair dropped by 0.3% in the last trading session. The RSI indicates the market is oversold, signalling a potential rebound.
Bitcoin's Negative Trend
Bitcoin dropped by 2.7% in the last session against the dollar. The ROC indicator is giving a negative signal, reflecting bearish sentiment in the market.
Global Financial Headlines
US stocks declined, with the S&P 500 hitting a two-month low, as bond yields surged after strong payroll data. Bitcoin reserves have dropped to a near seven-year low of 2.35 million BTC due to continued institutional buying. Johnson & Johnson announced its acquisition of Intracellular Therapies for $4.6 billion, enhancing its presence in the brain disease treatment market.
Upcoming Economic Highlights
Key economic events to monitor include:
• US Red Book Index - 1355 GMT
• US API Weekly Crude Oil Stock - 2130 GMT
• Dutch Consumer Price Index - 0530 GMT
• Italy's Industrial Output - 0900 GMT
• Japan's Eco Watchers Survey Current - 0500 GMT
• Japan's Eco Watchers Survey Outlook - 0500 GMT
Dollar: failing to grow but not yet falling
What's next for the markets
Gold's Rise: A New Bull Market Dawns
EBC Markets Briefing | It is time for ASX to justify its valuation
Nonfarm payrolls take center stage
Crypto Market Blues: A Week of Decline
Bank of England cuts rate and strikes with a dovish tone
