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Market Mover Analysis – Nasdaq

() Technical and Fundamental Analysis

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Market Mover Analysis – Oil

() Technical and Fundamental Analysis

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Market Mover Analysis – Gold

() Technical and Fundamental Analysis

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Market Mover Analysis – Netflix

() Technical and Fundamental Analysis

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Market Mover Analysis – Tesla

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Market Mover Analysis – Google

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Market Mover Analysis – Apple

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Daily Global Market Update

Daily Global Market Update

Gold's Decline in the Market

Gold fell by 0.7% against the dollar in the last trading session. The Stochastic RSI indicates that the market is currently oversold.


Euro's Upward Correction

The EUR/USD pair saw a minor upward correction, gaining 0.1% in the last session. The MACD is currently signaling a negative trend.


Pound's Positive Outlook

The GBP/USD pair experienced a minor upward correction, rising 0.2% in the last session. The Williams Percent Range indicator is giving a positive signal.


Bitcoin's Significant Rise

Bitcoin paired with the dollar, soared by 6.8% in the last session. The MACD is indicating a positive signal, aligning with our overall technical analysis.


Global Financial Headlines

Global shares have slightly declined as investors await US inflation data and a corporate reporting season. Litecoin has emerged as the most utilized cryptocurrency for payments, according to bidpay. In a major renewable energy deal, South Korea's Q sales is set to supply Microsoft with American-made solar panels.

Upcoming Economic Highlights

Key economic events to look out for include:

  • Japan's Labor Cash Earnings - 2330 GMT
  • US Red Book Index - 1355 GMT
  • UK's BRC Retail Sales - 0001 GMT
  • Japan's Overall Household Spending - 2330 GMT
  • Eurozone's Unemployment Rate - 1000 GMT
  • Germany's Industrial Production - 0700 GMT
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Daily Global Market Update

Daily Global Market Update

 
Euro's Positive Outlook

The Euro-Dollar pair rose by 0.5% in the last session. The Ultimate Oscillator's positive signal aligns with the overall technical analysis, suggesting a potential upward trend for the Euro.

 

 

 
Dollar's Decline Against Yen

The last session saw the Dollar drop 0.5% against the Yen. The Ultimate Oscillator is giving a negative signal, which is consistent with our overall technical analysis and may indicate further declines.

 

 

 
Gold's Recent Gain

The Gold-Dollar pair gained 0.5% in the last session. The Commodity Channel Index (CCI) indicates that we are currently in an overbought market, which traders should watch closely.

 

 

 
Google's Stock Retreat

The last session saw Google's stock drop by 0.9%. According to the Stochastic RSI, we are currently in an overbought market, which may signal a potential reversal or slowdown in the stock's recent uptrend.

 

 

 
Global Financial Headlines

The dollar slipped to a 5-month low against the Euro and other major currencies on expectations that the Federal Reserve could soon cut interest rates. As we approach the new year, trading volumes might remain muted due to holidays. Meanwhile, the global economy is ending 2023 stronger than anticipated, with inflation falling and potential interest rate cuts in 2024. However, risks persist as higher rates continue to impact markets. The pan-European stock 600 and other major indexes around the world are hovering near record highs, with oil and gas stocks leading the gains.


 
Upcoming Economic Events

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

  • US Continuing Jobless Claims - 1330 GMT
  • US Initial Jobless Claims - 1330 GMT
  • US EIA Crude Oil Stocks Change - 1530 GMT
  • Spain's Retail Sales - 0800 GMT
  • Austria's Purchasing Manager Index - 0900 GMT
  • Italy's 10-Year Bond Auction - 1030 GMT
 

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Daily Global Market Update

Daily Global Market Update

 

Bitcoin's Recent Downturn

The Bitcoin to USD pair experienced a significant decline, dropping by 2.8% in the last session. The Stochastic indicator, however, is currently hinting at a potential reversal with a positive signal.

 

 

Nike's Stock Adjustment

Nike's shares saw a minor decline of 0.2% in the last session. The Rate of Change (ROC) indicator is providing a negative signal, suggesting a potential continuation of this downward trend.

 

 

AUD/USD's Slight Recovery

The Australian Dollar made a minor upward correction against the US Dollar, rising by 0.2%. The Commodity Channel Index (CCI) is indicating an overbought market, which traders should watch closely.

 

 

Gold's Incremental Gain

Gold appreciated against the dollar, marking a 0.6% gain in the last session. The market appears overbought according to the Williams %R indicator, signaling that a correction might be on the horizon.

 

 

Global Economic Insights

Oil continues to find support amidst geopolitical tensions in the Middle East and optimistic views that the US Federal Reserve may soon cut interest rates, potentially stimulating global economic growth and fuel demand. Meanwhile, the dollar struggles to find a firm footing amid cooling inflation, which may lead the Federal Reserve to ease interest rates next year. Binance's founder, Changpeng Zhao, despite facing legal challenges and stepping down from his CEO role, saw his wealth surge by nearly $25 billion in 2023, highlighting the volatile yet lucrative nature of the cryptocurrency market.


Today's Economic Highlights

Today’s economic agenda is packed with significant releases:

  • US MBA Mortgage Applications - 1200 hours GMT
  • US Red Book Index - 1355 hours GMT
  • Finland's Consumer Confidence - 0600 hours GMT
  • Finland's Industrial Confidence - 0600 hours GMT
  • Japan's Retail Trade - 2350 GMT
  • Japan's Large Retailer Sales - 2350 GMT
 

 

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