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Daily Global Market Update 02/04/2024

Gold Dollar Pair's Minor Rise The gold dollar pair saw a minor rise of 0.2% in the last session. According to the Williams indicator, we are in an overbought market. Euro Dollar Pair's Changes The euro dollar pair experienced a 0.4% decrease in the last session. The stochastic RSI indicates that we are currently in an oversold market. Pound's Fall Against the Dollar The pound fell by 0.6% against the dollar in the last session. According to the stochastic RSI, we are in an oversold market. Bitcoin Dollar Pair's Decline The Bitcoin dollar pair dove 2.5% in the last session. The stochastic indicator's positive signal is in line with the overall technical analysis. World Financial News Updates The Dow and S&P 500 edged lower, dragged down by investor worries over the timing of interest rate cuts by the Federal Reserve after stronger-than-expected manufacturing data pushed treasury yields higher. Bitcoin failed to capitalize on its best-ever monthly close, with BTC price support nearer $60,000 becoming increasingly important. ZOMI is advising potential buyers of its SU7 electric sedan that they could face waits of 4 to 7 months, a sign of strong demand for its first-ever vehicle. The smartphone maker began taking orders on Thursday and said pre-orders hit 88,89 in the first 24 hours. Upcoming Major Economic Events Here's a rundown of today's major economic events: • US Factory Orders - 1400 GMT • US JOLTS Job Openings - 1400 GMT • Germany's Consumer Price Index - 1200 GMT • Germany's Harmonized Index of Consumer Prices - 1200 GMT • Japan's 10y Bond Auction - 0335 GMT • Australia's RBA Meeting Minutes - 0030 GMT

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Publication date:

2024-04-02 08:35:30 (GMT)

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