Daily Global Market Update

Bitcoin dipped 0.6%; ROC signals align. Apple rose 0.8%, but stochastic signals negativity. Aussie dollar climbed 0.5%, supported by CCI. Gold fell 0.4%; stochastic RSI suggests oversold. Oil hits $100/barrel; USD index drops. Yen hits multi-year lows vs. USD, Euro.

Bitcoin's Recent Movement

Bitcoin fell 0.6% against the dollar in the last trading session. The ROC's positive signal aligns with our overall technical analysis.

 

 

Apple's Stock Performance

Apple shares rose 0.8% in the last session. The stochastic indicator is giving a negative signal, consistent with our overall technical analysis.

 

 

Aussie Dollar's Movement

The Aussie dollar pair rose 0.5% in the last session. The CCI is giving a positive signal, supporting our analysis.

 

 

Gold's Recent Performance

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

 

 

Market News Highlights

Oil prices rose to a dollar a barrel as the US dollar index fell to its lowest level in more than a week. Investors shifted focus from geopolitical issues to global economies. The yen dropped to multi-year lows against the US dollar and Euro, keeping investors on heightened intervention watch ahead of this week's Bank of Japan meeting. Dovish policymaker comments left sterling near its weakest in months. Fidelity's Bitcoin exchange-traded fund achieved a new record as the largest single investment in a Bitcoin fund, attracting $40 million from two traditional US financial advisers, Legacy Wealth Management and United Capital Management of Kansas.

 

Upcoming Economic Events

Here are today's major economic events:

• Japan's Foreign Bond Investment - 2350 GMT

• US Durable Goods Orders - 1230 GMT

• Japan's Foreign Investment in Japan Stocks - 2350 GMT

• Germany's IFO Business Climate - 0800 GMT

• Germany's IFO Current Assessment - 0800 GMT

• Australia's Consumer Price Index - 0130 GMT

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Japanese yen weakens despite government warnings

Japanese yen weakens despite government warnings

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is prepared to act against excessive currency volatility.
RoboForex | 3h 9min ago
Daily Global Market Update

Daily Global Market Update

Bitcoin fell 0.2% against the dollar after a 1.8% rise. Amazon's stock corrected by 0.1%, but the MACD indicator is positive. The Australian dollar dropped 0.3% against the dollar, with an overbought market. Gold declined 0.5% against the dollar, with a negative MACD signal. Oil prices closed lower, and the Canadian dollar weakened. Bitcoin exchange inflows are at decade lows.
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