Daily Global Market Update

Gold dipped 0.3%, Euro rose 0.5%, Pound gained 0.4%, Bitcoin fell 0.1%. Wall Street up, forex inflows, Aussie dollar rises. Upcoming: US PMI, Consumer Confidence, Eurozone CPI, France GDP, Japan BOJ decisions.

Gold's Latest Trading Performance

Gold saw a decline of 0.3% against the dollar in the last session. Analysing this using the Stochastic RSI, the market appears to be overbought.

 

 

The Euro's Recent Momentum

The euro-dollar pair ascended by 0.5% in the previous session. However, the stochastic indicator suggests a potential downturn.

 

 

Pound Sterling's Advance

The pound sterling augmented by 0.4% against the dollar in its recent session. The CCI offers a positive outlook.

 

 

Bitcoin's Price Action

Bitcoin, when paired with the dollar, underwent a minor downward correction, descending by 0.1% last session. The RSI suggests an overbought condition.

 

 

Global Financial Overview

Wall Street exhibited an uptrend, commencing a week laden with financial data and a much-anticipated monetary policy meeting by the Federal Reserve. In the realm of currencies, coin shares reported that -focused investment funds witnessed a significant inflow, with $326 million accrued last week, marking the most substantial weekly inflow since July 2022. Furthermore, the Australian dollar saw an appreciation, spurred by robust retail sales data. However, global risk sentiments remained volatile, somewhat muting the currency's surge.

 

Key Economic Events to Anticipate

Today's economic calendar is rife with significant releases:

• US Chicago Purchasing Managers Index - 1345 hours GMT

• US Consumer Confidence - 1400 hours GMT

• Eurozone Harmonised Index of Consumer Prices - 1000 hours GMT

• France's Gross Domestic Product - 0630 hours GMT

• Japan's BOJ Interest Rate Decision - 0300 hours GMT

• Japan's BOJ Monetary Policy Statement - 0300 hours GMT

Moneta Markets
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