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Daily Global Market Update June 19th, 2024

Bitcoin USD Pair's Sharp Drop The Bitcoin dollar pair dove 2.4% in the last session. The Rate of Change (ROC) indicator is giving a negative signal. Apple's Stock Decline Apple shares fell by 1.5% in the last session. The RSI indicates that the market is overbought. AUD/USD Pair's Rise The AUD/USD pair rose by 0.5% in the last session. The MACD is giving a negative signal Gold's Minor Rise Amid Tensions The gold-dollar pair experienced a 0.3% rise in the last session. The Stochastic RSI is giving a positive signal. Global Financial Headlines Oil prices rose more than 1% due to escalating tensions in Europe and the Middle East. The dollar eased against the Euro after US retail sales data showed signs of consumer exhaustion, which might prompt the Federal Reserve to cut rates later this year. Cryptocurrency exchange Uphold announced it will end support for six popular stablecoins to comply with the European Union's Markets in Crypto-Assets regulation. Upcoming Economic Highlights Today's major anticipated economic releases include: • US MBA Mortgage Applications - 1100 GMT • Japan's Foreign Investment in Japan Stocks - 2350 GMT • Germany's Bundesbank Monthly Report - 1000 GMT • UK's Consumer Price Index - 0600 GMT • US NAHB Housing Market Index - 1400 GMT • Japan's Foreign Bond Investment - 2350 GMT

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Publication date:

2024-06-19 06:10:58 (GMT)

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