Daily Global Market Update

Gold, Euro, and Pound mixed; Bitcoin plunged. Global markets fell on recession fears, impacting US stocks and Apple. Man Group invested in Bitcoin ETFs. Lucid got a $1.5B cash boost. Economic data and central bank decisions due.
Moneta Markets | 823 hari yang lalu

Gold's Recent Plummet

The gold-dollar pair plummeted by 1.2% in the last session. The MACD is giving a positive signal.

 

 

Euro's Uptick Against the Dollar

The euro-dollar pair gained 0.3% in the last session. According to the Stochastic RSI, we are in an overbought market.

 

 

Pound's Minor Correction

The pound-dollar pair made a minor downward correction in the last session, dropping by 0.1%. The Stochastic indicator is giving a positive signal.

 

 

Bitcoin's Sharp Decline

The Bitcoin-dollar pair plummeted by 6.1% in the last session. The Stochastic indicator is giving a negative signal.

 

 Global Financial Headlines

Major US stock indexes ended sharply lower as US recession worries shook global markets and drove investors out of risk assets. Apple shares dropped as Berkshire Hathaway cut its stake in the company. Recession concerns followed weak economic data from last week. Europe’s fourth largest hedge fund, Man Group, invested more than $500 million in Bitcoin exchange-traded funds. The hedge fund, based in the United Kingdom, holds shares in Fidelity's Wise Origin Bitcoin Fund and BlackRock's iShares Bitcoin Trust. Lucid Group announced that its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in cash as the electric vehicle maker looks to add new models to its product line. Lucid’s shares jumped 12% in extended trading.

 

Upcoming Economic Highlights

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

• Australia's RBA Interest Rate Decision - 0430 GMT

• US Redbook Index - 1255 GMT

• Australia's RBA Rate Statement - 0430 GMT

• Japan's 10-Year Bond Auction - 0335 GMT

• US 52-Week Bill Auction - 1530 GMT

• Eurozone's Retail Sales - 0900 GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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