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Daily Global Market Update

Bitcoin's Market Correction

In the last session, Bitcoin experienced a slight pullback, dropping by 0.9% after an initial gain of 1.5%. The Williams Percent Range indicator signals an overbought market, suggesting potential for further correction.



Meta Stock's Slight Decline

Meta's stock value decreased by 0.6% in the last session. The RSI indicator points to a positive trend, potentially signalling upcoming opportunities for investors.



Australian Dollar's Oversold Position

The Australian dollar fell by 0.8% against the US dollar in the previous session. According to the Williams Percent Range, the AUD/USD pair is currently in an oversold market.



Gold's Further Decline

Gold decreased by 0.8% against the dollar in the last session, placing it in an oversold position according to the Stochastic RSI.



Global Financial News

Bitcoin has recently stabilised after a record rally, while crypto exchange Coinbase has launched the Coinbase 50 Index, covering 50 major digital assets. In the energy sector, South Korea's Q-cells is advancing renewable efforts with Microsoft through US-based solar panels.


Upcoming Economic Events

Key data releases include:

  • Japan's Labour 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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