Daily Global Market Update

Bitcoin fell 5.7%, Alibaba rose 0.4% but signals negativity, Australian dollar increased 0.4%, Gold surged 1.4%, Gold hit record highs, Bitcoin ETFs trading volume surged. Upcoming: US ADP Employment, US ISM Services PMI, Eurozone CPI, Eurozone Unemployment Rate, Japan Services PMI, Japan Foreign Bond Investment.

Bitcoin's Recent Decline

Bitcoin's value against the US dollar plummeted by 5.7% in the last trading session. The Relative Strength Index (RSI) is currently signaling a negative outlook.

 

 

Alibaba's Stock Performance

Alibaba's stock rose by 0.4% in the last session. The Rate of Change (ROC) indicator is giving a negative signal, aligning with our overall technical analysis.

 

 

Australian Dollar's Performance

The Australian dollar rose by 0.4% against the US dollar in the last trading session. The Williams indicator is giving a positive signal.

 

 

Gold's Recent Surge

The gold-dollar pair surged by 1.4% in the last session. The Williams indicator indicates an overbought market.

 

 

Global Financial Headlines

Gold prices rose to a fresh record high as demand for momentum following funds offset a strong US dollar and the possibility of higher US rates. The US dollar was down after hitting its highest in almost 5 months, following a report showing US job openings held steady at higher levels in February. Spot Bitcoin exchange-traded funds witnessed a spike in trading volume in March, reaching $111 billion, nearly three times the trading volume recorded in February, as Grayscale and BlackRock ETFs dominated the market.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• US ADP Employment Change - 12:15 GMT

• US ISM Services PMI - 14:00 GMT

• Eurozone's Harmonized Index of Consumer Prices - 09:00 GMT

• Eurozone's Unemployment Rate - 09:00 GMT

• Japan's Jibun Bank Services PMI - 00:30 GMT

• Japan's Foreign Bond Investment - 23:50 GMT

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