Daily Global Market Update

Gold, Euro, Pound, Bitcoin Decline; Global Markets React. Powell's Remarks Impact Wall Street. Multicoin Capital to Sell FTX Claim. Stellantis Denies Renault Merger. Upcoming: Japan's Reserves, RBA Decision, Germany's Orders, Eurozone Retail, UK's BRC Sales.

Gold's Descent

The gold-dollar pair experienced a 0.6% decline in the last session. However, the Stochastic indicator hints at a potential reversal.

 

 

Euro's Latest Tumble

The Euro dipped 0.3% against the dollar in the last trading session. The Relative Strength Index (RSI) suggests a bearish outlook ahead.

 

 

Pound's Struggle

The pound witnessed a 0.6% fall against the dollar in the last trading session, with the Ultimate Oscillator pointing towards a bearish momentum.

 

 

Bitcoin's Recent Downturn

Bitcoin against the dollar dropped by 0.3% in the last session, with the Stochastic RSI indicating bearish signals.

 

 

Global Financial Headlines

Wall Street indices dipped as Jerome Powell, the Fed Chair, countered market speculations about imminent rate cuts. Meanwhile, Multicoin Capital seeks to sell its FTX bankruptcy claim, possibly benefiting from recent positive developments. Stellantis dispelled rumors of a merger with Renault, emphasizing its commitment to its long-term business plan.

 

Upcoming Economic Highlights

Today's economic calendar is packed with notable releases, including Japan's Foreign Reserves, the RBA's rate statement and interest rate decision, Germany's Factory Orders, the Eurozone's Retail Sales, and the UK's BRC Like-for-Like Retail Sales.

• Japan's Foreign Reserves - 2350 GMT

• Australia's RBA Rate Statement and Interest Rate Decision - 0330 GMT

• Germany's Factory Orders - 0700 GMT

• Eurozone's Retail Sales - 1000 GMT

• UK's BRC Like-for-Like Retail Sales - 0001 GMT

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The crypto market rebound is far from recovery

The crypto market rebound is far from recovery

Bitcoin is trading at $89K, once again at the upper limit of the range that has been in effect since the beginning of last week. Positive dynamics prevail on Monday, but this is mainly due to the low base effect.
FxPro | Před 3 h 37 min
The crypto market rebound is far from recovery

The crypto market rebound is far from recovery

Bitcoin is trading at $89K, once again at the upper limit of the range that has been in effect since the beginning of last week. Positive dynamics prevail on Monday, but this is mainly due to the low base effect.
FxPro | Před 3 h 38 min
EUR/USD: ECB Policy Stance Fails to Surprise Markets

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Gold sets a record

Gold sets a record

The US dollar may strengthen against major global currencies. Debasement trading and geopolitics are helping gold.
FxPro | Před 5 h 18 min