Daily Global Market Update

Gold sees potential upward momentum despite a 1% drop, while the Euro and Pound show oversold conditions, hinting at possible rebounds. Bitcoin faces bearish sentiment with a 2.7% decline. Global markets react to rising bond yields and major corporate moves, including J&J's acquisition of Intracellular Therapies. Key economic data from the US, Japan, and Europe will be closely watched.

Gold's Positive Signal

The gold-dollar pair declined by 1% in the last trading session. The Stochastic indicator is giving a positive signal, indicating potential upward momentum.

 

 

Euro's Oversold Market

The Euro fell by 0.2% against the dollar in the last session. The Stochastic RSI indicates the market is currently oversold, suggesting potential opportunities for buyers.

 

 

Pound's Oversold Signal

The pound-dollar pair dropped by 0.3% in the last trading session. The RSI indicates the market is oversold, signalling a potential rebound.

 

 

Bitcoin's Negative Trend

Bitcoin dropped by 2.7% in the last session against the dollar. The ROC indicator is giving a negative signal, reflecting bearish sentiment in the market.

 

 

Global Financial Headlines

US stocks declined, with the S&P 500 hitting a two-month low, as bond yields surged after strong payroll data. Bitcoin reserves have dropped to a near seven-year low of 2.35 million BTC due to continued institutional buying. Johnson & Johnson announced its acquisition of Intracellular Therapies for $4.6 billion, enhancing its presence in the brain disease treatment market.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• US Red Book Index - 1355 GMT

• US API Weekly Crude Oil Stock - 2130 GMT

• Dutch Consumer Price Index - 0530 GMT

• Italy's Industrial Output - 0900 GMT

• Japan's Eco Watchers Survey Current - 0500 GMT

• Japan's Eco Watchers Survey Outlook - 0500 GMT

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