Daily Global Market Update

Bitcoin and Apple rise, Aussie Dollar gains, Gold climbs (overbought). Gold hits 6-month high on USD weakness. Chang Pang resigns amid $4.3B settlement. Upcoming: Australia's Construction, US GDP, Japan's Retail Sales, France's Payrolls.

Moneta Markets | 1011 days ago

Bitcoin's Significant Surge

Bitcoin, paired with the USD, experienced a substantial rise, escalating 1.8% in the last session. The MACD currently suggests a negative outlook, despite the recent gains.

Apple's Stock Sees Upward Correction

Apple's stock showed a minor improvement, with a 0.3% rise in the last session. The stochastic indicator, however, is projecting a negative signal for future movements.

Aussie Dollar Gains

The Australian Dollar experienced a gain of 0.5% in the last session. This positive movement is supported by a positive signal from the Ultimate Oscillator.

Gold Continues to Climb

Gold's performance remains strong, with a 1.2% increase in the last session. The RSI indicator is signaling an overbought market, suggesting potential caution for investors.

Today's Financial NewsGold continues its upward trajectory, achieving a more than 6-month high, driven by a weakening dollar and expectations that the US Federal Reserve may halt interest rate hikes. Meanwhile, the US dollar hits a 3-month low, signalling potential economic slowdown. In cryptocurrency news, Chang Pang, former CEO of Finance Exchange, steps down from his US-based board position amidst a significant $4.3 billion settlement.

Upcoming Economic Events

Here are key economic events to watch out for:

• Australia's Construction Work Done - 0030 hours GMT

• US Gross Domestic Product Annualized - 1330 hours GMT

• Japan's Large Retailer Sales - 2350 hours GMT

• US Gross Domestic Product Price Index - 1330 hours GMT

• Japan's Retail Trade - 2350 hours GMT

• France's Non-Farm Payrolls - 0630 hours GMT

Moneta Markets

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The Great Gold Reallocation: Central Banks Rethink Reserve Security 💥

Central banks are reconsidering where their gold is held as geopolitical and jurisdictional risks reshape reserve management. Europe’s shifting custody strategy highlights a broader move towards greater control and diversification. For investors, the trend strengthens gold’s long-term role as a sovereign asset independent of conventional credit and payment systems.

Headway | 1 day ago