Daily Global Market Update

Financial markets update: GBP/USD stable, Bitcoin dips, Oil jumps on ECB rate cut, AUD/USD rises. Crypto purchases via MasterCard resume, GameStop surges. Key economic events today include US jobs data, Japan's economic indicators, and Eurozone GDP. Stay informed!

GBP/USD Pair's Stability

The GBP/USD pair showed no significant movement in the last session. The Ultimate Oscillator is providing a positive signal, suggesting potential upward pressure.

 

 

Bitcoin's Decline

Bitcoin declined by 0.5% against the dollar in the last session. According to the Williams R indicator, the market is currently overbought.

 

 

Oil's Surge Amid Interest Rate Cuts

Oil prices surged by 2% following the European Central Bank's decision to cut interest rates. This move has fueled hopes of a similar decision by the Federal Reserve. The MACD indicator is giving a negative signal, indicating potential volatility ahead.

 

 

AUD/USD Minor Correction

The AUD/USD pair made a slight upward correction by gaining 0.1% in the last session. The Stochastic indicator is showing a positive signal, hinting at potential bullish momentum.

 

 

Major Financial News

Finance, the world's largest cryptocurrency exchange, has resumed allowing cryptocurrency purchases using MasterCard for bank transfers, ensuring smoother transactions. Meanwhile, shares of GameStop surged over 30% following a new video post by Roaring Kitty, significantly impacting market volatility.

 

Economic Event Highlights

Today's significant economic events include the US Average Hourly Earnings, Japan's Coincident Index, Germany's Industrial Production, the US Non-Farm Payrolls, Japan's Leading Economic Index, and the Euro Zone's Gross Domestic Product. These events are crucial for market sentiment and future trading strategies.

• US Average Hourly Earnings - 12:30 GMT

• Japan's Coincident Index - 05:00 GMT

• Germany's Industrial Production - 06:00 GMT

• US Non-Farm Payrolls - 12:30 GMT

• Japan's Leading Economic Index - 05:00 GMT

• Euro Zone's Gross Domestic Product - 09:00 GMT

Moneta Markets
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