Gold's Recent Plunge
The gold-dollar pair plummeted by 1% in the last session. The MACD is giving a positive signal, contrary to the downward trend.
Euro's Slight Uptick
The euro-dollar pair made a minor upward correction in the last session, rising by 0.1%. According to the CCI, we are currently in an overbought market.
Pound's Modest Rise
The pound rose by 0.3% against the dollar in the last session. The Ultimate Oscillator is giving a positive signal, indicating potential further gains.
Bitcoin's Soaring Momentum
The Bitcoin-dollar pair skyrocketed by 2.5% in the last session, defying expectations. However, the stochastic indicator is giving a negative signal, suggesting caution amid the bullish trend.
Global Financial Highlights
The S&P 500 closed with minimal change as investors paused after three consecutive weekly gains, awaiting crucial inflation readings and earnings reports. Meanwhile, consumer concerns regarding inflation persist. Jeffrey Morphe, the now-former President and CEO of cryptocurrency mining firm Bitfarms, will be stepping down immediately after initiating a lawsuit against the company in Canada. Morphe alleges breach of contract, wrongful dismissal, and seeks damages totaling $27 million. Anglo American has rejected an increased takeover offer of $42.6 billion from BHP Group, asserting that the world's largest listed miner continues to significantly undervalue the company. This decision follows the rejection of BHP's initial 39 billion All-Share proposal.
Upcoming Economic Events
Here are the major economic events scheduled for today:
• UK's Claimant Count Change - 0600 GMT
• Japan's Machine Tool Orders - 0600 GMT
• UK's Employment Change - 0600 GMT
• US NFIB Business Optimism Index - 1000 GMT
• US Producer Price Index - 1230 GMT
• Germany's Harmonized Index of Consumer Prices - 0600 GMT
Publication date:
2024-05-14 07:32:21 (GMT)
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