

Daily Global Market Update 09/04/2024

Gold's Dollar Pair Surge The gold-dollar pair surged by 1.1% in the last session. The CCI indicates an overbought market. Euro's Minor Upside Correction The euro-dollar pair made a minor upwards correction in the last session, gaining 0.2%. The CCI is giving a positive signal. Pound's Slight Gain The pound gained slightly by 0.2% against the dollar in the last session. The stochastic indicator's positive signal aligns with the overall technical analysis. Bitcoin's Significant Move The Bitcoin-dollar pair surged by 3.4% in the last session. The ROC's negative signal contradicts our overall technical analysis. World Financial Headlines US Stocks remained essentially unchanged at the close of a choppy session, with a solar eclipse offering distraction ahead of crucial inflation data and the kickoff of the first quarter earnings season. Ethereum-based crypto investment products saw negative outflows for the fourth consecutive week, despite positive inflows into other crypto-based investment products. Ethereum experienced $22.5 million worth of outflows last week, contrasting with most other top altcoins. Oil prices slid more than $1 a barrel, with Brent falling below $90, as Middle East tensions eased after Israel withdrew more troops from Southern Gaza and committed to fresh talks on a potential ceasefire in the sixth-month conflict. Upcoming Economic Highlights Here's a brief rundown of today's major economic events: • US NFIB Business Optimism Index - 1000 GMT • US Redbook Index - 1255 GMT • Dutch Consumer Price Index - 0430 GMT • Dutch Consumer Spending Volume - 0430 GMT • Japan's Consumer Confidence Index - 0500 GMT • Japan's Machine Tool Orders - 0600 GMT

Learn more

Publication date:

2024-04-09 08:31:06 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.