

Daily Global Market Update 23/04/2024

Gold Dollar Pair's Decline The gold-dollar pair plummeted 2.4% in the last session. The MACD is giving a negative signal. Euro Dollar Pair's Movement The pair traded sideways in the last session. The ROC is giving a negative signal. Pound Dollar Pair's Movement The pound-dollar pair saw a minor dip of 0.2% in the last session. According to the stochastic indicator, we are in an oversold market. Bitcoin Dollar Pair's Movement The Bitcoin-dollar pair exploded 2.3% in the last session. The stochastic indicator is giving a positive signal. World Financial News Wall Street stocks ended higher following a market selloff in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Demand for the newest Bitcoin investment products is slowing down as the world's first cryptocurrency went through its fourth halving event. Spot Bitcoin exchange-traded funds became a benchmark for institutional investments in Bitcoin after launching in January 2024. Tesla is expected to report its lowest gross profit margin in more than 6 years after a chaotic week that included major layoffs, vehicle price cuts, and urgent calls by investors for clarity on product strategy. Major Economic Events Today's major economic events include: • US Redbook Index at 12:55 GMT • US New Home Sales at 14:00 GMT • US 2-Year Note Auction at 17:00 GMT • Japan's Jibun Bank Manufacturing PMI at 00:30 GMT • Japan's Jibun Bank Services PMI at 00:30 GMT • UK's Public Sector Net Borrowing at 06:00 GMT

Learn more

Publication date:

2024-04-23 11:17:10 (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.