Daily Global Market Update

British pound down 0.5%, Bitcoin up 2.7%, stable oil prices, Aussie drops 0.6%. Cryptos volatile, European markets up. US: Michigan Consumer Sentiment, Baker Hughes Oil Rig Count. Finland: Current Account, Industrial Output. UK: GDP, Industrial Production.

Pound's Downward Shift

In the last trading session, the British pound declined by 0.5% against the US dollar. Despite this, the MACD indicator is signaling a positive trend, contradicting our overall technical assessment.

 

 

Bitcoin's Surge

Bitcoin experienced a significant 2.7% rise in the last session. However, the Williams indicator suggests a negative outlook.

 

 

Stable Oil Prices

The oil market remained relatively steady in the last session. The Ultimate Oscillator is currently indicating a negative trend, aligning with our broader market analysis.

 

 

Aussie's Decline

During the last session, the Australian dollar fell by 0.6% against the US dollar. The Williams indicator is signaling a negative trend for the AUD/USD pair.

 

 

Global Financial Headlines

Cryptocurrency markets recently faced extreme volatility, with Bitcoin and Ethereum's Ether experiencing significant price swings. This led to over $400 million in liquidated open trades, the highest since the August crash. European markets closed higher, driven by strong corporate earnings. The S&P 500 struggled to maintain its momentum, showing little movement. Exxon Mobil Corp surpassed Tesla as the S&P 500's most shorted large-cap stock, according to Hazel tree's report.

 

Today’s Major Economic Events

Here's a brief overview of the important economic releases for today:

• US Michigan Consumer Sentiment Index - 1500 hours GMT

• US Baker Hughes US Oil Rig Count - 1800 hours GMT

• Finland's Current Account - 0600 hours GMT

• Finland's Industrial Output - 0600 hours GMT

• UK's Gross Domestic Product - 0700 hours GMT

• UK's Industrial Production - 0700 hours GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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