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Daily Global Market Update

Bitcoin's Negative Outlook

The Bitcoin/USD pair experienced a 1.6% dip during the last session, followed by a 0.4% overall drop. The MACD indicator is signalling a negative trend.



Alibaba Bar Stock's Stability

Alibaba Bar stock saw a minor decline of 0.2% in the last session. However, the Stochastic RSI is giving a positive signal, suggesting potential upward momentum.



Aussie Dollar's Downward Correction

The AUD/USD pair corrected downwards, falling 0.1% in the last session. The Stochastic indicator is signalling a positive outlook, indicating potential recovery.



Gold's Steady Rise

Gold rose by 0.4% in the last session, recovering from earlier lows. The Ultimate Oscillator is signalling positive momentum, supporting the bullish outlook.



Global Financial Headlines

Gold prices faced a tug-of-war as safe-haven demand softened amid optimism over a potential Israel-Hezbollah ceasefire. However, concerns over Ukraine and US tariff plans provided some support. Oil prices fell sharply after Israel agreed to a ceasefire deal with Lebanon, lowering risk premiums and causing benchmarks to drop around 1%. Meanwhile, cryptocurrency ownership in the UK has reached 12%, prompting increased regulatory attention from the Financial Conduct Authority.


Upcoming Economic Highlights

Key events to watch this week include:

  • Japan’s Labour Cash Earnings - 2330 GMT
  • US Redbook 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