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Daily Global Market Update 10/04/2024

Bitcoin's Recent Plunge The Bitcoin-USD pair plummeted by 3.5% in the last session. The Stochastic RSI is signaling a negative outlook. Apple's Stock Uptick Apple's shares rose by 0.6% in the last session. The Ultimate Oscillator is signaling a negative outlook. AUD/USD Pair's Rise The AUD/USD pair rose by 0.3% in the last session. The RSI is signaling a positive outlook, aligning with our overall technical analysis. Gold's Dollar Gain The gold-dollar pair gained by 0.5% in the last session after rising as much as 1.1% during the session. The Ultimate Oscillator indicates an overbought market. Global Financial Headlines Oil prices rose after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza, amid concerns the lingering conflict could potentially disrupt supply from the key Middle East producing region. The dollar was tentative as it failed to get a meaningful boost from a rise in US Treasury yields, though that kept pressure on the yen, which languished near multi-decade lows and left traders on alert for any signs of intervention. Over $12 million worth of leveraged short positions were liquidated within 24 hours as Bitcoin was trading above $70,000, reaching a weekly high of $72,000 on April 8th. Upcoming Economic Highlights Here's a brief rundown of today's major economic events: • Japan's Foreign Investment in Japan's Stocks - 2350 GMT • UK's RICS Housing Price Balance - 231 GMT • US Consumer Price Index - 1230 GMT • Japan's Foreign Bond Investment - 2350 GMT • US Monthly Budget Statement - 1800 GMT • Finland's Industrial Output - 500 AM GMT

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Publication date:

2024-04-10 08:18:23 (GMT)

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