Daily Global Market Update

Recent market movements: Mixed for gold, euro, pound, and Bitcoin with technical signals. Financial highlights: Fed optimistic on inflation, caution emerging; Grayscale Bitcoin Trust outflows; Nissan expansion plans. Key economic events today: US consumer confidence, durable goods orders; Germany, Spain, and Ireland data releases.

Gold's Minor Upward Correction

The gold-dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a negative signal.

 

 

Euro's Minor Upward Correction

The euro-dollar pair made a minor upward correction in the last session, gaining 0.2%. The Ultimate Oscillator is giving a negative signal.

 

 

Pound's Rise Against Dollar

The pound rose 0.3% against the dollar in the last session. The MACD is giving a negative signal.

 

 

Bitcoin's Significant Gain

The Bitcoin-dollar pair skyrocketed 4.1% in the last session. The Stochastic RSI is giving a positive signal.

 

 

World Financial News

Federal Reserve officials expressed continued faith in US inflation, particularly with housing price increases expected to help lower the headline pace of price increases. However, there is a growing sense of caution in the debate. Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of US spot Bitcoin exchange-traded funds into net outflows. Nissan announced plans to launch 30 new models over the next 3 years and aims to raise its global sales by 1 million vehicles, targeting an operating profit margin of over 6% by March 2027 and total shareholder returns of more than 30%.

 

Major Economic Events

Here are today's major economic events:

• US Consumer Confidence - 1400 GMT

• US Durable Goods Orders - 1230 GMT

• US Non-Defense Capital Goods Orders - 1230 GMT

• Germany's GfK Consumer Confidence Survey - 0700 GMT

• Spain's Gross Domestic Product - 0800 GMT

• Irish Consumer Confidence - 0001 GMT

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DNA Markets - Daily Fundamental Analysis Report, 8 December

DNA Markets - Daily Fundamental Analysis Report, 8 December

Here is your Daily Fundamental Analysis Report for the FX market, covering the key topics influencing currency movements today. This summary highlights the major economic drivers, current market sentiment, and important developments that may impact volatility and direction across major pairs.
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