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Daily Global Market Update

Pound's Recent Decline

The GBP/USD pair fell by 0.4% in the last trading session. The Williams Percent Range indicator signals that the market is currently oversold after a significant dip of 3.3% in the prior session.



Bitcoin's Decline

The BTC/USD pair declined by 1.9% in the last session. The Stochastic RSI indicates that the market is currently oversold, reflecting a continuation of bearish momentum.



Oil's Modest Gains

The US Crude Oil pair rose by 0.9% during the last trading session, having gained as much as 1.3% intraday. The Stochastic indicator currently signals a potential downturn.



Aussie's Downward Correction

The AUD/USD pair corrected downward, falling by 0.2% in the last session. The Commodity Channel Index (CCI) suggests the market is oversold, indicating a possible reversal in trend.



Global Financial Headlines

Hackers stole over $3 billion in cryptocurrency in 2024, marking a 15% increase from 2023. The US dollar strengthened for a third session as treasury yields remained elevated amidst concerns over tariffs from the incoming Trump Administration. Meanwhile, gold prices surged to a near four-week high due to Safe Haven demand.


Upcoming Economic Highlights

Key events to monitor include:

  • Japan's Coincident Index - 0500 GMT
  • US USDA WDE Report - 1700 GMT
  • Italy's Retail Sales - 0900 GMT
  • Finland's Industrial Output - 0600 GMT
  • Japan's CFTC JPY NC Net Positions - 2030 GMT
  • US Baker Hughes Oil Rig Count - 1800 GMT
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