Bitcoin's Market Correction
In the last session, Bitcoin experienced a slight pullback, dropping by 0.9% after an initial gain of 1.5%. The Williams Percent Range indicator signals an overbought market, suggesting potential for further correction.
Meta Stock's Slight Decline
Meta's stock value decreased by 0.6% in the last session. The RSI indicator points to a positive trend, potentially signalling upcoming opportunities for investors.
Australian Dollar's Oversold Position
The Australian dollar fell by 0.8% against the US dollar in the previous session. According to the Williams Percent Range, the AUD/USD pair is currently in an oversold market.
Gold's Further Decline
Gold decreased by 0.8% against the dollar in the last session, placing it in an oversold position according to the Stochastic RSI.
Global Financial News
Bitcoin has recently stabilised after a record rally, while crypto exchange Coinbase has launched the Coinbase 50 Index, covering 50 major digital assets. In the energy sector, South Korea's Q-cells is advancing renewable efforts with Microsoft through US-based solar panels.
Upcoming Economic Events
Key data releases include:
• Japan's Labour Cash Earnings - 2330 GMT
• US Red Book 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:
2024-11-13 05:53:27 (GMT)
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