Pound's Gains Against the Dollar
The GBP/USD pair saw an increase of 0.4% in the last session. According to the CCI, we are currently in an overbought market.
Bitcoin's Volatility
The Bitcoin/USD pair declined by 0.4% after initially rising as much as 2.7% during the session. The Rate of Change (ROC) indicator is giving a negative signal.
Oil's Upward Trend
The oil market saw a 0.5% increase in the last session. The Stochastic RSI indicates a positive outlook.
AUD/USD's Minor Correction
The AUD/USD pair saw a slight upward correction, gaining 0.1% in the last session. The MACD is currently indicating a positive trend.
Global Financial Headlines
Coinbase is set to release a new version of its crypto wallet, enhancing accessibility across platforms. Meanwhile, global stock indices dipped, and bond yields fell following US inflation data, potentially influencing future interest rate cuts. Concurrently, oil prices have risen, with Brent oil reaching above $85 a barrel.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• Japan's Capacity Utilization - 0430 GMT
• Japan's Industrial Production - 0430 GMT
• UK CFTC GBP NC Net Positions - 1930 GMT
• Eurozone's Euro Group Meeting - 0700 GMT
• US Producer Price Index - 1230 GMT
• US Michigan Consumer Sentiment Index - 1400 GMT
Publication date:
2024-07-12 07:48:50 (GMT)
Challenges