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Daily Global Market Update 12/04/2024

GBP/USD Pair's Minor Rise The GBP/USD pair saw a minor rise of 0.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal. Bitcoin's Correction The Bitcoin-dollar pair corrected downwards in the last session, falling 0.2%. The Williams indicator is giving a negative signal. Oil's Drop Against the Dollar Oil dropped 0.8% against the dollar in the last session. The Relative Strength Index (RSI) is giving a negative signal. AUD/USD Pair's Rise The Aussie rose 0.4% against the dollar in the last trading session. The Ultimate Oscillator is giving a positive signal. Latest Updates in World Financial News Ether had been rallying since the beginning of the new year but began tapering off in mid-March. The altcoin has trailed Bitcoin since January 1st, gaining roughly 48% compared to BTC's 57% in their respective USD pairs year-to-date. Oil prices were steady near six-month highs after rising by a dollar a barrel in the prior session as investors braced for a potential attack on Israeli interests by Iran. OPEC's third-largest oil producer, Russia, has begun diesel exports to Sudan as Moscow seeks new markets for refined products after the EU embargo. Since the full EU embargo on Russian oil product imports was imposed in February 2023, diesel supplies have been diverted to Brazil, Turkey, countries in Africa, Asia, and the Middle East. Major Economic Events for Today Here's a brief rundown of today's major economic events: • UK's Industrial Production - 0600 GMT • Japan's Capacity Utilization - 0430 GMT • Germany's Harmonized Index of Consumer Prices - 0600 GMT • Eurozone's Fin Meeting - 0700 GMT • UK's Gross Domestic Product - 0600 GMT • US Michigan Consumer Sentiment Index - 1400 GMT

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Publication date:

2024-04-12 09:00:21 (GMT)

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