Daily Global Market Update

Bitcoin, Alibaba stocks down. AUD/USD flat, Gold up slightly. Oil up on forecast, dollar strong. Economic data from Germany, UK, Japan, US Fed rate decision eyed.

Bitcoin's Significant Decline

The Bitcoin to USD pair experienced a decrease of 3.1% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Alibaba's Stock Drop

Alibaba stock fell by 1.3% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

AUD/USD's Steady Performance

The AUD/USD pair remained largely unchanged in the last session. The ROC is giving a positive signal.

 

 

Gold's Slight Increase

Gold experienced a slight increase of 0.2% against the dollar in the last session. The RSI is giving a negative signal.

 

 

Global Financial Headlines

Oil prices edged higher as the USA raised its world oil demand growth forecast for the year, while OPEC maintained its forecast for strong growth in 2024. The dollar hit a four-week high ahead of an important inflation report, potentially influencing the timing of the US Federal Reserve's first rate cut. The euro was under pressure due to political uncertainty in the region. Ripple Labs completed its acquisition of Standard Custody, a digital asset custodian, on June 11, which is central to Ripple's US dollar stable coin plans and broad asset tokenization goals.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Germany's Harmonized Index of Consumer Prices - 0600 GMT

• UK's Industrial Production - 0600 GMT

• Japan's BSI Large Manufacturing Conditions Index - 2350 GMT

• Japan's Foreign Bond Investment - 2350 GMT

• US Federal Reserve Interest Rate Decision - 1800 GMT

• UK's Gross Domestic Product - 0600 GMT

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