Pound's Decline Against the Dollar
The GBP/USD pair dropped by 0.5% during the last session. The MACD is currently providing a negative signal, suggesting potential bearish momentum.
Bitcoin's Accelerated Growth
Bitcoin surged by 4% against the dollar in the last session. The MACD is signalling a positive trend, reinforcing bullish sentiment among traders.
Oil's Steady Climb
The price of US crude oil rose by 1.5% in the last session. The Rate of Change (ROC) indicator is providing a positive signal, supporting a bullish outlook.
Aussie's Neutral Trend
The AUD/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is presenting a positive signal, hinting at a potential upward move.
Global Financial Headlines
Bitcoin's drive towards $100,000 has gained momentum as traders anticipate a more favourable regulatory environment in the US under President-elect Donald Trump. Jobless claims in the US fell to a 7-month low last week, hinting at recovery in the labour market. Meanwhile, gold prices rose for the fourth consecutive session, bolstered by safe-haven demand amid geopolitical concerns and lacklustre corporate earnings from Nvidia.
Upcoming Economic Highlights
Key economic events to monitor 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
Publication date:
2024-11-22 08:16:10 (GMT)
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