Daily Global Market Update
Bitcoin's Minimal Dip
Bitcoin registered a marginal decline of 0.1% against the dollar in the last session. The ROC indicates a favourable environment.
Tesla's Stock Performance
Tesla's stock witnessed an ascent of 1.9% in the preceding trading session. However, the RSI suggests a bearish outlook.
Aussie's Encouraging Performance
The Australian dollar marked a 0.4% growth against the US dollar in the latest session. The CCI indicates a bullish momentum.
Gold's Slight Upward Movement
The gold-dollar pair experienced a subtle rise of 0.1% in the recent trading window. The ROC is suggesting a bullish trend.
Global Financial Updates
Saudi Arabia has curtailed its crude oil exports to their lowest in 28 months, standing at 5.58 million barrels per day. The US dollar remained relatively stable, reflecting investor sentiments on the Middle East and anticipated announcements from Central Bank officials. Concurrently, the British pound retreated due to a weakening labour market. The European Union has formally approved rules to facilitate data sharing concerning individual holdings. This regulation will come into force 20 days post its publication in the EU's official journal.
Upcoming Economic Releases
On the economic front, the following announcements are expected:
• Japan's Exports - 2350 hours GMT
• UK's Consumer Price Index - 0600 hours GMT
• Eurozone's Harmonised Index of Consumer Prices - 0900 hours GMT
• Japan's Imports - 2350 hours GMT
• Austria's HICP - 0700 hours GMT
• US Housing Starts - 1230 hours GMT
Markets initially ignored the acceleration of the US Core CPI
Markets on edge, await US inflation figures
Crypto rally stalls as market awaits key US inflation data
EUR/USD Under Pressure All Eyes on US Inflation Data
EBC Markets Briefing | US stocks lower but positivity remains
ATFX Market Outlook 12th August 2025
RBA predictably cut rates, supporting stocks and pressuring Aussie
