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Daily Global Market Update 15/03/2024

Pound's Recent Decline The Pound experienced a decrease of 0.3% against the dollar in the last trading session. The Williams indicator is signalling a negative outlook. Bitcoin's Dramatic Drop The Bitcoin-dollar pair saw a significant drop of 2.2% in the last session. The MACD is giving a positive signal. Oil's Surge The oil-dollar pair surged by 1.4% in the last session. The RSI is indicating a positive market. Aussie's Downturn The Australian dollar fell by 0.6% against the US dollar in the last session. The Stochastic RSI is signalling a negative outlook. Global Financial Headlines North Korean hackers, tied to the infamous Lazarus group, have used coin mixing service Tornado Cash to launder $12 million worth of Ether in 24 hours. More than 40 transactions have been sent by the Lazarus group to Tornado Cash on March 13th and March 14th. China's Central Bank is expected to leave a key policy rate unchanged today amid uncertainty over the timing of expected Federal Reserve interest rate cuts. Oil prices climbed, supported by strong demand in the US after gasoline stocks hit a 3-month low and crude stockpiles dropped unexpectedly, with supply concerns remaining after Ukrainian attacks on Russian refineries. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • French Consumer Price Index - 0745 GMT • Japan's Tertiary Industry Index - 0430 GMT • US Industrial Production - 1315 GMT • Finland's Gross Domestic Product - 0600 GMT • UK's CFTC GBP NC Net Positions - 2030 GMT • UK's Consumer Inflation Expectations - 0930 GMT

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Publication date:

2024-03-15 08:27:47 (GMT)

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