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.

Moneta Markets | hace 619

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