Daily Global Market Update

Gold rose 0.2% vs. the dollar, supported by positive RSI signals. Euro increased 0.1% with negative RSI indication. Pound gained 0.1% but Stochastic RSI suggests overbought. Bitcoin fell 0.3% amid bearish ROC signal. US-Mexico trade up; Bitcoin's 2-month low caused $1B+ liquidations. Nvidia's shares surged over 5% ahead of earnings. Today: US Home Sales, Eurozone Current Account, Finland Unemploym
Moneta Markets | 1174 hari yang lalu

Gold's Gentle Ascend

Gold saw a minor rise of 0.2% against the dollar in the previous session. The RSI suggests a negative trend in line with the broader technical analysis.

 

 

Euro's Minimal Surge

The euro notched a slight 0.1% rise against the dollar in the preceding trading encounter. Current RSI readings hint towards a negative sentiment.

 

 

Pound's Elevated Status

The pound, in its recent session, marked a 0.1% elevation against the dollar. The Stochastic RSI indicates an overbought market scenario.

 

 

Bitcoin's Descending Run

Bitcoin registered a decline of 0.3% against the dollar during its last trading session. The ROC aligns with the negative signals from our comprehensive technical analysis.

 

 

World Financial Headlines

Trade relationships have seen a shift. Trade between the U.S and Mexico touched $263 billion in the initial four months of 2023, surpassing the US-China trade value, historically dominant through much of the 2010s. Bitcoin, amidst turbulence, plummeted to a two-month nadir, catalysing a sector-wide drop in currency values, leading to over $1 billion in liquidations. This trend paints a gloomy outlook, reminiscent of November 2022's slump. In tandem, the exchange, FDX, saw a decline. NVIDIA Corporation's stocks witnessed an ascent of over 5%, driven by an optimistic outlook and heightened price targets ahead of their eagerly awaited weekly results.

Foreseeable Economic Events

The economic landscape promises noteworthy data releases:

• U.S Existing Home Sales - 1400 hours GMT• Eurozone's Current Account - 0800 hours GMT• Finland's Unemployment Rate - 0500 hours GMT• USA MacBook Index - 1255 GMT• Belgium's Consumer Confidence Index - 0900 hours GMT• U.S API Weekly Crude Oil Stock - 2030 GMT

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