Daily Global Market Update 09/04/2024

Daily Global Market Update 09/04/2024
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Daily Global Market Update 09/04/2024

By Moneta Markets
Gold's Dollar Pair Surge The gold-dollar pair surged by 1.1% in the last session. The CCI indicates an overbought market. Euro's Minor Upside Correction The euro-dollar pair made a minor upwards correction in the last session, gaining 0.2%. The CCI is giving a positive signal. Pound's Slight Gain The pound gained slightly by 0.2% against the dollar in the last session. The stochastic indicator's positive signal aligns with the overall technical analysis. Bitcoin's Significant Move The Bitcoin-dollar pair surged by 3.4% in the last session. The ROC's negative signal contradicts our overall technical analysis. World Financial Headlines US Stocks remained essentially unchanged at the close of a choppy session, with a solar eclipse offering distraction ahead of crucial inflation data and the kickoff of the first quarter earnings season. Ethereum-based crypto investment products saw negative outflows for the fourth consecutive week, despite positive inflows into other crypto-based investment products. Ethereum experienced $22.5 million worth of outflows last week, contrasting with most other top altcoins. Oil prices slid more than $1 a barrel, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more troops from Southern Gaza and committed to fresh talks on a potential ceasefire in the sixth-month conflict. Upcoming Economic Highlights Here's a brief rundown of today's major economic events: • US NFIB Business Optimism Index - 1000 GMT • US Redbook Index - 1255 GMT • Dutch Consumer Price Index - 0430 GMT • Dutch Consumer Spending Volume - 0430 GMT • Japan's Consumer Confidence Index - 0500 GMT • Japan's Machine Tool Orders - 0600 GMT
Publication date:
2024-04-09 08:31:06 (GMT)
 
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