Bitcoin’s Significant Decline
The Bitcoin to USD pair experienced a notable decline of 5.7% in the last session. The CCI suggests an oversold market condition.
MetaStock’s Slight Decrease
MetaStock experienced a minor fall of 0.3% in the last session. According to the Stochastic RSI, the market is oversold.
Aussie Dollar’s Significant Drop
The Aussie dollar pair plummeted by 1.2% in the last session. The ROC is signaling a positive outlook.
Gold’s Significant Dive
The gold-dollar pair dove 2% in the last session. The stochastic indicator is giving a negative signal.
Market News Highlights
Oil prices fell by 1%, extending losses, driven by rising US crude production and hopes of an Israeli-Hamas ceasefire. The Canadian dollar weakened to an 11-day low on slower-than-expected domestic economic growth, fueling speculations of deeper rate cuts by the Bank of Canada compared to the Federal Reserve. Former Binance CEO Changpeng Zhao has been sentenced to 4 months in prison for violating US money laundering laws.
Today’s Major Economic Events
Here are today’s major economic events:
- UK’s 10y Bond Auction – 9:00 GMT
- US ADP Employment Change – 12:15 GMT
- Japan’s BOJ Monetary Policy Meeting Minutes – 23:50 GMT
- Japan’s Jibun Bank Manufacturing PMI – 03:00 GMT
- Dutch Market Manufacturing PMI – 05:00 GMT
- Dutch Retail Sales – 04:30 GMT
