Daily Global Market Update

Bitcoin's Market Movement

The Bitcoin-Dollar pair fell by 0.1% in the last session after gaining as much as 1.4% during the session. The Rate of Change (ROC) indicator is giving a negative signal.

Amazon's Stock Gains

Amazon’s stock rose by 2% in the last session after gaining as much as 3% during the session. The Williams Percent Range indicator suggests an overbought market.

Australian Dollar's Minor Dip

The AUD/USD pair dipped by 0.2% in the last session. The MACD is giving a positive signal.

Gold's Positive Performance

Gold rose by 0.7% against the dollar in the last session. The ROC is giving a positive signal.

Global Financial Headlines

Oil prices edged lower, extending the previous session’s losses as concerns over Libyan oil supply disruptions eased. Weak economic data from China and rising temperatures elsewhere also pressured crude prices. The US dollar strengthened against the yen amid fresh tariff threats from the Trump administration and diminishing concerns over a low-cost Chinese artificial intelligence model. Additionally, Trump announced plans to impose tariffs on imported computer chips, pharmaceuticals, and steel. His executive order on digital financial technology has heightened European Union concerns over US dollar dominance in the stablecoin market, where dollar-backed stablecoins currently account for 97% of the global market.

Upcoming Economic Highlights

Key economic events to watch include:

• US MBA Mortgage Applications - 12:00 GMT

• US EIA Crude Oil Stocks - 15:30 GMT

• Italy's Consumer Confidence - 09:00 GMT

• Australia's Consumer Price Index - 03:30 GMT

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

• Italy's Business Confidence - 09:00 GMT