Daily Global Market Update

Bitcoin-USD rose 2%. Apple shares gained 1%, and AUDUSD increased 0.7%, all overbought. Gold fell 0.4%. Oil futures dropped on reduced Middle East conflict risks. Yen weak, US inflation data awaited. eBTC misappropriated $9.5 million. Key economic releases: US and UK CPI, Japan's GDP, Eurozone industrial production.

Bitcoin's Upward Momentum

The Bitcoin-USD pair gained 2% in the last session, after rising as much as 3.6% during the session. The Stochastic indicator is giving a positive signal.

 

 

Apple's Stock Rise

Apple shares rose 1% in the last session. The Williams indicator suggests an overbought market.

 

 

AUDUSD Pair's Gain

The last session saw the Aussie gain 0.7% against the dollar. The Williams indicator suggests an overbought market.

 

 

Gold's Slight Dip

Gold dropped 0.4% against the dollar in the last session. According to the Stochastic RSI, we are in an overbought market.

 

 

Global Financial Headlines

Brent and US crude oil futures fell as markets saw reduced risk of a wider war in the Middle East, with Iran yet to act on threats to retaliate against Israel for the assassination of a Hamas official in Iran. The yen remained weak for a second straight day, and the dollar softened against the rest of its peers in calmer trading as markets await US inflation data that could indicate the outlook for Federal Reserve interest rate cuts. The Canadian cryptocurrency trading platform eBTC and its founder David Smillie allegedly defrauded customers by misappropriating approximately $9.5 million of their cryptocurrency investments and using the funds for gambling.

 

Upcoming Economic Highlights

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

• US Consumer Price Index - 1230 GMT

• UK Consumer Price Index - 0600 GMT

• Japan's Gross Domestic Product - 2350 GMT

• Eurozone's Industrial Production - 0900 GMT

• Japan's Gross Domestic Product (Annualised) - 2350 GMT

• Eurozone's Employment Change - 0900 GMT

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