Daily Global Market Update

Pound steady, Bitcoin up 3.9%, Oil down 0.8%, Aussie retreats 0.3%. Global highlights: $2B into digital assets, European stocks rise, mixed US crude signals. Upcoming: US Non-farm Payrolls, Germany Retail Sales, Eurozone Consumer Prices, Japan Consumer Confidence, US Average Hourly Earnings, Japan Services PMI.

Pound's Steady Stance

The Pound-Dollar pair exhibited a marginal change in the last session. The MACD indicates a bearish trend, suggesting a cautious approach for traders.

 

 

Bitcoin's Significant Surge

Bitcoin experienced a notable surge of 3.9% against the dollar in the last session. The Ultimate Oscillator is presenting a bullish signal, aligning with the overall upward trajectory.

 

 

Oil's Volatile Movement

The Oil-Dollar pair declined by 0.8% in the last session, despite an intraday high of 1.2%. Currently, the Ultimate Oscillator is indicating a bearish momentum.

 

 

Aussie's Slight Retreat

The Australian Dollar fell 0.3% against its US counterpart in the last session. The RSI is currently indicating a bearish outlook, urging traders to proceed with caution.

 

 

Global Financial Headlines

Investors have channelled over $2 billion into digital asset investment exchange-traded products in 2023, marking it as the third largest year for net inflows since 2017. European stocks have seen a slight rise after two sessions of losses, amidst uncertainty over future central bank rate cuts. US crude oil inventories witnessed a more significant drop than expected last week, while stocks of gasoline and distillate fuels increased, indicating a sluggish demand for products.

 Upcoming Economic Highlights

Today's key economic releases are as follows:

• US Non-farm Payrolls - 1330 hours GMT

• Germany's Retail Sales - 0700 hours GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 hours GMT

• Japan's Consumer Confidence Index - 0500 hours GMT

• US Average Hourly Earnings - 1330 hours GMT

• Japan's Jibun Bank Services PMI - 0030 hours GMT

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