Daily Global Market Update
Bitcoin's Significant Decline
The Bitcoin to USD pair experienced a notable decline of 5.7% in the last session. The CCI suggests an oversold market condition.
MetaStock's Slight Decrease
MetaStock experienced a minor fall of 0.3% in the last session. According to the Stochastic RSI, the market is oversold.
Aussie Dollar's Significant Drop
The Aussie dollar pair plummeted by 1.2% in the last session. The ROC is signaling a positive outlook.
Gold's Significant Dive
The gold-dollar pair dove 2% in the last session. The stochastic indicator is giving a negative signal.
Market News Highlights
Oil prices fell by 1%, extending losses, driven by rising US crude production and hopes of an Israeli-Hamas ceasefire. The Canadian dollar weakened to an 11-day low on slower-than-expected domestic economic growth, fueling speculations of deeper rate cuts by the Bank of Canada compared to the Federal Reserve. Former Binance CEO Changpeng Zhao has been sentenced to 4 months in prison for violating US money laundering laws.
Today's Major Economic Events
Here are today's major economic events:
• UK's 10y Bond Auction - 9:00 GMT
• US ADP Employment Change - 12:15 GMT
• Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT
• Japan's Jibun Bank Manufacturing PMI - 03:00 GMT
• Dutch Market Manufacturing PMI - 05:00 GMT
• Dutch Retail Sales - 04:30 GMT
Why is EURUSD falling even though the Fed has softened its rhetoric?
France’s Political Turmoil and Trump’s Grip on the Fed Increase FX Volatility
Are Bullish Shares Disconnected from Underlying Fundamentals?
Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
