Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Gold's Upward Correction

The Gold/USD pair made a minor upward correction in the last session, gaining 0.11%. The Stochastic RSI is giving a positive signal.

 

 

Euro's Slight Dip

The EUR/USD pair dipped 0.1% against the dollar in the last session. The Stochastic indicator indicates an oversold market.

 

 

Pound's Sideways Movement

The GBP/USD pair traded sideways in the last session. The MACD is giving a negative signal.

 

 

Bitcoin's Significant Rise

The Bitcoin/USD pair skyrocketed 4.7% in the last session. The Ultimate Oscillator is giving a positive signal.

 

 

Global Financial Headlines

US stocks were led higher by technology shares, while crude prices dipped amid light Columbus Day trading. Bitcoin led weekly inflows with $419 million. Nvidia's stock climbed 2.8%, nearing record highs.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• UK's Employment Change - 6 GMT

• US Red Book Index - 1255 GMT

• UK's Claimant Count Change - 6 GMT

• Germany's ZEW Survey Current Situation - 9 GMT

• Japan's Capacity Utilization - 430 GMT

• Eurozone's Industrial Production - 9 GMT

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