Daily Global Market Update

The GBP/USD, Bitcoin/USD, and AUD/USD pairs declined, with negative technical indicators. Oil prices rose slightly despite bearish signals. Pepe coin rallied significantly, while US stocks retreated post-CPI data. Key economic events like US CPI, UK GDP, and Eurozone Industrial Production are upcoming.

Pound's Downward Correction

The GBP/USD pair experienced a minor downward correction, falling by 0.1% in the last session. The Stochastic indicator is giving a negative signal, reflecting recent bearish movement in the market.

 

 

Bitcoin's Slight Decline

The Bitcoin/USD pair fell by 1.4% in the last session. The Rate of Change (ROC) indicator signals a potential continuation of this downward trend.

 

 

Oil's Modest Gain

In the last session, US Crude Oil gained 0.6% against the dollar, with the MACD indicating a negative trend.

 

 

Australian Dollar's Downward Move

The AUD/USD pair dropped by 0.3% in the last session. The Stochastic indicator is giving a negative signal, suggesting further potential downside.

 

 

World Market Overview

Pepe, an Ethereum-based meme coin, continues to rally, showing a 230% increase from its November low. Meanwhile, US stock markets retreated after monthly Producer Price Index data met expectations with a 0.2% rise in October. Jobless claims fell to 217,000, below the forecast. Oil prices ended slightly higher, supported by a significant drop in US fuel inventories despite demand concerns tied to a strengthening dollar.

 

Key Upcoming Economic Events

Important upcoming events include:

• US Consumer Price Index (CPI) - 1330 GMT

• UK's GDP Monthly Estimate - 0700 GMT

• Eurozone’s Industrial Production - 1000 GMT

• Japan’s Producer Price Index - 2350 GMT

• Australia's Employment Change - 0130 GMT

Regulacja: FSA (Seychelles), FSCA (South Africa)
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