Daily Global Market Update
Bitcoin's Recent Decline
Bitcoin registered a drop of 0.6% against the dollar in the last session. The Williams %R indicator points to an oversold market condition.
Tesla's Performance
Tesla shares witnessed a decline of 1.2% in the last session. The Ultimate Oscillator is currently indicating a negative trend.
Aussie Dollar's Slight Rise
The Australian dollar experienced a minor increase of 0.1% in the last session. The CCI indicator is showing a positive signal.
Gold's Uptick
Gold saw an increase of 0.4% against the dollar in the last session. The Ultimate Oscillator signals a negative trend.
Global Financial Headlines
Gold prices have edged higher as the market anticipates US economic data, which might offer clues about the Federal Reserve's timeline for interest rate adjustments. The British pound reached a four-month high against the euro, supported by a resilient UK economy and the Bank of England's potential delay in rate cuts. Cryptocurrency exchange OKX's native token experienced a dramatic 50% drop in three minutes due to liquidation triggers caused by abnormal price fluctuation. The exchange has confirmed plans to compensate affected users.
Today's Major Economic Events
Here’s a summary of today's key economic releases:
• US MBA Mortgage Applications - 1200 hours GMT
• US EIA Crude Oil Stocks Change - 1530 GMT
• Finland's Producer Price Index - 0600 hours GMT
• Germany's Börsen-Zeitung Monthly Report - 1100 hours GMT
• Japan's Jibun Bank Services PMI - 0030 GMT
• Japan's Jibun Bank Manufacturing PMI - 0030 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
