Daily Global Market Update
Gold's Recent Performance
Gold declined by 0.4% against the dollar in the last trading session. The Stochastic indicator is currently providing a negative signal.
Euro's Positive Signal
The Euro fell by 0.4% against the dollar in the last session. However, the MACD is signalling a positive trend.
Pound's Positive Correction
The GBP/USD pair decreased by 0.4% in the last session. The Stochastic indicator is giving a positive signal, indicating potential recovery.
Bitcoin's Oversold Market
Bitcoin fell by 1.9% against the dollar in the last session after experiencing a 2.8% intraday dip. The Stochastic RSI indicates the market is currently oversold.
Global Financial Updates
The S&P 500 and NASDAQ indices saw gains, with the benchmark S&P 500 briefly hitting an all-time high driven by technology stocks. Ether investment funds set a record inflow of $2.2 billion in 2024, surpassing its 2021 performance. Meanwhile, the United States announced new export restrictions on China's semiconductor industry, targeting 140 companies, including Nora Technology Group.
Upcoming Economic Highlights
Key upcoming events include:
• Japan's Labour Cash Earnings - 2330 GMT
• US Red Book Index - 1355 GMT
• UK's BRC Retail Sales - 0001 GMT
• Japan's Overall Household Spending - 2330 GMT
• Eurozone's Unemployment Rate - 1000 GMT
• Germany's Industrial Production - 0700 GMT
ATFX Market Outlook 16th May 2025
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