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Daily Global Market Update 01/05/2024

Bitcoin's Significant Decline The Bitcoin to USD pair experienced a notable decline of 5.7% in the last session. The CCI suggests an oversold market condition. MetaStock's Slight Decrease MetaStock experienced a minor fall of 0.3% in the last session. According to the Stochastic RSI, the market is oversold. Aussie Dollar's Significant Drop The Aussie dollar pair plummeted by 1.2% in the last session. The ROC is signaling a positive outlook. Gold's Significant Dive The gold-dollar pair dove 2% in the last session. The stochastic indicator is giving a negative signal. Market News Highlights Oil prices fell by 1%, extending losses, driven by rising US crude production and hopes of an Israeli-Hamas ceasefire. The Canadian dollar weakened to an 11-day low on slower-than-expected domestic economic growth, fueling speculations of deeper rate cuts by the Bank of Canada compared to the Federal Reserve. Former Binance CEO Changpeng Zhao has been sentenced to 4 months in prison for violating US money laundering laws. Today's Major Economic Events Here are today's major economic events: • UK's 10y Bond Auction - 9:00 GMT • US ADP Employment Change - 12:15 GMT • Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT • Japan's Jibun Bank Manufacturing PMI - 03:00 GMT • Dutch Market Manufacturing PMI - 05:00 GMT • Dutch Retail Sales - 04:30 GMT

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Publication date:

2024-05-01 07:34:27 (GMT)

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