Daily Global Market Update
Gold's Positive Signal
The gold-dollar pair declined by 1% in the last trading session. The Stochastic indicator is giving a positive signal, indicating potential upward momentum.
Euro's Oversold Market
The Euro fell by 0.2% against the dollar in the last session. The Stochastic RSI indicates the market is currently oversold, suggesting potential opportunities for buyers.
Pound's Oversold Signal
The pound-dollar pair dropped by 0.3% in the last trading session. The RSI indicates the market is oversold, signalling a potential rebound.
Bitcoin's Negative Trend
Bitcoin dropped by 2.7% in the last session against the dollar. The ROC indicator is giving a negative signal, reflecting bearish sentiment in the market.
Global Financial Headlines
US stocks declined, with the S&P 500 hitting a two-month low, as bond yields surged after strong payroll data. Bitcoin reserves have dropped to a near seven-year low of 2.35 million BTC due to continued institutional buying. Johnson & Johnson announced its acquisition of Intracellular Therapies for $4.6 billion, enhancing its presence in the brain disease treatment market.
Upcoming Economic Highlights
Key economic events to monitor include:
• US Red Book Index - 1355 GMT
• US API Weekly Crude Oil Stock - 2130 GMT
• Dutch Consumer Price Index - 0530 GMT
• Italy's Industrial Output - 0900 GMT
• Japan's Eco Watchers Survey Current - 0500 GMT
• Japan's Eco Watchers Survey Outlook - 0500 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
