Daily Global Market Update

Gold up 0.7%, CCI signals negative. Euro dips 0.2%, stochastic down. Pound stable, stochastic RSI oversold. Bitcoin drops 3.6%, RSI negative. US stocks fall amid retail sales rise. Ethereum's USD value doubles since PoS switch, ETH/BTC down 33%. Tesla cuts 10% workforce. Today: US Housing Starts, Japan Imports, Germany's ZEW Survey, US Industrial Production, UK Employment & Claimant Count Change.

Moneta Markets | 50天前

Gold's Rise and Euro's Dip

The gold-dollar pair gained 0.7% in the last session, but the CCI is signaling a negative outlook, contradicting our overall technical analysis.

Euro's Slight Decline

The euro-dollar pair saw a minor dip of 0.2% in the last session, with the stochastic indicator signaling a negative trend.

Pound's Stable Performance

The pound-dollar price remained largely unchanged in the last session. According to the stochastic RSI, we are in an oversold market.

Bitcoin's Significant Decline

The Bitcoin-dollar pair plummeted by 3.6% in the last session, with the RSI indicating a negative trend.

Recent Developments in the Financial World

US stocks closed sharply lower as a strong retail sales report was overshadowed by a jump in treasury yields and rising geopolitical tensions between Iran and Israel. The price of Ethereum in USD has more than doubled since switching to proof of stake in September 2022. However, when priced in Bitcoin, the ETH/BTC pair is down roughly 33% since the merge. Tesla is laying off more than 10% of its global workforce as it faces falling sales and an intensifying price war for electric vehicles. Musk last announced job cuts in 2022, hiring over 40,000 people since then.

Major Economic Events for Today

Here are today's major economic events:

• US Housing Starts - 12:30 GMT

• Japan's Imports - 23:50 GMT

• Germany's ZEW Survey Economic Sentiment - 09:00 GMT

• US Industrial Production - 13:15 GMT

• UK's Employment Change - 06:00 GMT

• UK's Claimant Count Change - 06:00 GMT

規則: FSA (Seychelles), FSCA (South Africa)

標籤: 分析報告

Fed rate cut bets grow but dollar steadies, BoC to likely cut

Soft US data continues to pile up, boosting Fed rate cut bets. But dollar on steadier footing ahead of ISM services PMI. Bank of Canada expected to cut rates today, loonie slips. Oil slide deepens, stocks struggle for direction.

XM Group | 23分鐘前

EBC Markets Briefing | Japan’s Nikkei stutters on subdued capex

Nikkei 225 fell on Wednesday amid an ongoing poor performance. Speculation rises on the BOJ considering the interest rate hike to bolster the yen.

EBC Financial Group | 1小時35分鐘前

Oil Plummet on U.S. Crude Inventory Surge

Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+'s decision to increase oil supply in the fourth quarter, exerted significant downward pressure on prices.

PU Prime | 4小時20分鐘前