Daily Global Market Update
Bitcoin's Recent Decline
Bitcoin registered a drop of 0.6% against the dollar in the last session. The Williams %R indicator points to an oversold market condition.
Tesla's Performance
Tesla shares witnessed a decline of 1.2% in the last session. The Ultimate Oscillator is currently indicating a negative trend.
Aussie Dollar's Slight Rise
The Australian dollar experienced a minor increase of 0.1% in the last session. The CCI indicator is showing a positive signal.
Gold's Uptick
Gold saw an increase of 0.4% against the dollar in the last session. The Ultimate Oscillator signals a negative trend.
Global Financial Headlines
Gold prices have edged higher as the market anticipates US economic data, which might offer clues about the Federal Reserve's timeline for interest rate adjustments. The British pound reached a four-month high against the euro, supported by a resilient UK economy and the Bank of England's potential delay in rate cuts. Cryptocurrency exchange OKX's native token experienced a dramatic 50% drop in three minutes due to liquidation triggers caused by abnormal price fluctuation. The exchange has confirmed plans to compensate affected users.
Today's Major Economic Events
Here’s a summary of today's key economic releases:
• US MBA Mortgage Applications - 1200 hours GMT
• US EIA Crude Oil Stocks Change - 1530 GMT
• Finland's Producer Price Index - 0600 hours GMT
• Germany's Börsen-Zeitung Monthly Report - 1100 hours GMT
• Japan's Jibun Bank Services PMI - 0030 GMT
• Japan's Jibun Bank Manufacturing PMI - 0030 GMT
Fed minutes awaited as risk rally eases, dollar extends recovery
New Zealand cut the rate, but not the kiwi
USD/JPY Rises Steadily as Yen Weakens Amid Bond Market Pressures
Crypto market postpones rally
Will Japan’s fiscal restraint stand out as U.S. Credit weakens?
Week 12 of EBC’s Million Dollar Trading Challenge II Was Full of Surprises, Here's Why
ATFX Market Outlook 28th May 2025
