Daily Global Market Update

Gold rose 0.5% with a positive RSI. Euro-Dollar moved sideways, Ultimate Oscillator negative. Pound-Dollar remained stable, MACD negative. Bitcoin surged 2.7%, positive Ultimate Oscillator. US stocks gained, NASDAQ led. PC Shield reported a $2.61 billion loss in 2023. Amazon-iRobot merger halted.

Gold's Positive Outlook

Gold marked a 0.5% rise against the dollar in the latest session. The RSI (Relative Strength Index) presents a positive signal, aligning with the general technical analysis.

 

 

Euro Dollar's Sideways Movement

The Euro-Dollar pair experienced a sideways trend in the last session. The Ultimate Oscillator's negative signal is consistent with the overall technical analysis.

 

 

Pound Dollar's Steady Performance

The Pound-Dollar price remained mostly unchanged in the latest session. The MACD indicator is providing a negative signal.

 

 

Bitcoin's Significant Surge

Bitcoin, in comparison with the dollar, soared 2.7% in the last session. The Ultimate Oscillator signals positively, matching our overall technical analysis.

 

 

Global Financial Updates

US stocks experienced gains as investors eagerly anticipate this week's major company earnings, economic data, and the Federal Reserve's monetary policy meeting. The NASDAQ index saw the largest percentage increase among major US stock indexes. In cryptocurrency news, PC Shield's report reveals a $2.61 billion loss in 2023 due to hacks and scams, a 28% decrease from the previous year. Meanwhile, Amazon and iRobot have halted their merger plans amidst antitrust concerns, leading iRobot to announce significant cost-cutting measures, including workforce reductions.

 

Today's Major Economic Events

Key economic releases for today include:

• Japan's Large Retailer Sales - 2350 GMT

• Japan's Retail Trade - 2350 GMT

• France's Gross Domestic Product - 0630 GMT

• US JOLTS Job Openings - 1500 GMT

• Eurozone's Business Climate - 1000 GMT

• US Consumer Confidence - 1500 GMT

Moneta Markets
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