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Daily Global Market Update 24/04/2024

Bitcoin's Recent Movement Bitcoin fell 0.6% against the dollar in the last trading session. The ROC's positive signal aligns with our overall technical analysis. Apple's Stock Performance Apple shares rose 0.8% in the last session. The stochastic indicator is giving a negative signal, consistent with our overall technical analysis. Aussie Dollar's Movement The Aussie dollar pair rose 0.5% in the last session. The CCI is giving a positive signal, supporting our analysis. Gold's Recent Performance Gold dropped 0.4% against the dollar in the last session. According to the stochastic RSI, we are in an oversold market. Market News Highlights Oil prices rose to a dollar a barrel as the US dollar index fell to its lowest level in more than a week. Investors shifted focus from geopolitical issues to global economies. The yen dropped to multi-year lows against the US dollar and Euro, keeping investors on heightened intervention watch ahead of this week's Bank of Japan meeting. Dovish policymaker comments left sterling near its weakest in months. Fidelity's Bitcoin exchange-traded fund achieved a new record as the largest single investment in a Bitcoin fund, attracting $40 million from two traditional US financial advisers, Legacy Wealth Management and United Capital Management of Kansas. Upcoming Economic Events Here are today's major economic events: • Japan's Foreign Bond Investment - 2350 GMT • US Durable Goods Orders - 1230 GMT • Japan's Foreign Investment in Japan Stocks - 2350 GMT • Germany's IFO Business Climate - 0800 GMT • Germany's IFO Current Assessment - 0800 GMT • Australia's Consumer Price Index - 0130 GMT

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Publication date:

2024-04-24 10:47:49 (GMT)

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