Daily Global Market Update

Bitcoin plunged 5.3%, with the Stochastic RSI signaling bearishness. NIO stock dropped 2%, and the Ultimate Oscillator suggests a negative trend. AUD/USD remains unchanged, but the CCI signals overbought conditions. Gold rose 0.4%, with the MACD indicating a positive outlook. Oil prices surged due to supply concerns, while the dollar strengthened against the Yen amid robust economic data.

Bitcoin's Decline in the Market

The Bitcoin/USD pair plummeted by 5.3% in the last trading session. The Stochastic RSI is indicating a negative signal.

 

 

NIO's Negative Trend

NIO stock dropped 2% in the last session. The Ultimate Oscillator is providing a negative signal.

 

 

AUD/USD Overbought

The Aussie Dollar price remained largely unchanged in the last session. The CCI is indicating an overbought market.

 

 

Gold's Modest Rise

Gold rose 0.4% against the dollar in the last session. The MACD is indicating a positive signal.

 

 

Market News Highlights

Oil prices rose due to supply concerns stemming from sanctions on Russia and Iran, coupled with anticipated increased demand from China. The dollar strengthened, reaching a six-month high against the Yen, as strong economic data indicated a stable jobs market and robust services sector. Additionally, US Commodity Futures Trading Commission chair Rostin Behnam announced plans to step down, paving the way for regulatory changes under the new administration.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US MBA Mortgage Applications - 12:00 GMT

• US EIA Crude Oil Stocks Change - 15:30 GMT

• Germany's 10Y Bond Auction - 10:30 GMT

• Dutch Consumer Spending Volume - 05:30 GMT

• Japan's Consumer Confidence Index - 05:00 GMT

• Japan's Foreign Bond Investment - 23:50 GMT

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