Daily Global Market Update
Pound/Dollar Recent Slide
The Pound/Dollar pair fell by 1.1% in the last session. The RSI's negative signal aligns with the overall technical analysis.
Bitcoin's Downward Trend
The Bitcoin/Dollar pair declined by 0.9% in the last session. The Ultimate Oscillator is giving a positive signal.
Oil's Decline
Oil dropped by 0.9% against the dollar in the last session. The Stochastic indicator is giving a positive signal.
Aussie's Downward Movement
The Aussie fell by 0.4% against the dollar in the last trading session. The Stochastic indicator is giving a negative signal, which matches our overall technical analysis.
Global Financial Headlines
CoinGecko reports that in 2023, token treasuries surged from $114 million in January to $845 million by the end of the year, marking a 641% growth. Turkey's Central Bank raised interest rates by 500 basis points to 50%, citing a worsening inflation outlook. Oil prices rebounded after a previous session's fall, supported by declines in US crude and gasoline inventories, amidst concerns that the US Federal Reserve may maintain higher rates longer, affecting future fuel demand.
Upcoming Economic Highlights
Today's major economic releases include:
• US Baker Hughes US Oil Rig Count - 1700 GMT
• Germany's Ifo Business Climate - 0900 GMT
• Germany's Ifo Current Assessment - 0900 GMT
• Japan's CFTC JPY NC Net Positions - 2030 GMT
• UK's Retail Sales - 0700 GMT
• UK's GfK Consumer Confidence - 0001 GMT
Gold stabilised at $4,000, but the upward trend has already broken down
The dollar risks losing support from tariff revenues
The dollar risks losing support from tariff revenues
ZEC as the omen of a brewing storm in crypto
ZEC as the omen of a brewing storm in crypto
Risk markets struggle on lack of bullish catalysts
Supreme Court's Tariff Battle: A Turning Point or More Uncertainty for Global Trade?
