Daily Global Market Update

In the financial world, pound-dollar saw a 0.6% drop; Bitcoin surged by 1.4%, oil jumped 2.3%, and the Aussie gained 0.2%. FTX got approval to liquidate assets worth $3.6 billion. EU probe hit Chinese EV stocks. Gold stabilized post-U.S. inflation data. Today's calendar includes economic indicators from Japan, Eurozone, and the U.S., as well as CFTC net positions for JPY and GBP.

Pound Dollar Analysis

The pound-dollar pair exhibited a downtrend, falling by 0.6% in its previous session. The MACD conveys a bearish inclination, which is in sync with the comprehensive technical insights.

 

 

Bitcoin's Impressive Surge

Bitcoin, paired with the dollar, witnessed a remarkable ascend of 1.4% in the recent trading session. The RSI, showcasing a bullish disposition, complements the overarching technical analysis.

 

 

Oil's Remarkable Upswing

The oil-dollar tandem surged by an impressive 2.3% in the previous trading day. The RSI indicates an overbought market scenario.

 

 

Aussie's Modest Advance

The Australian dollar registered a mild gain of 0.2% against its US counterpart in the recent trading session. The Williams %R oscillator highlights a bullish bias.

 

 

Global Financial Updates

FTX, amid its bankruptcy proceedings, secured approval from a Delaware U.S bankruptcy court to liquidate assets worth $3.6 billion. Solana, Ethereum, and Aptos emerge as the foremost altcoin holdings of the beleaguered FTX exchange. In another development, shares of Chinese electric vehicle manufacturers witnessed a dip. This slump was catalysed by the European Commission initiating a probe into the subsidies provided to these manufacturers, thereby intensifying EU-China tensions. Furthermore, gold prices stabilized after plummeting to a three-week low in the previous session. This came in the wake of the U.S. inflation data, fostering expectations that the Federal Reserve might abstain from rate hikes in the upcoming week.

 

Today's Economic Overview

The economic calendar for today comprises:

• Japan's Tertiary Industry Index - 0430 GMT

• Eurozone's Trade Balance - 0900 hours GMT

• U.S Michigan Consumer Sentiment Index - 1400 hours GMT

• U.S Industrial Production - 1315 GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

Regulace: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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