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Daily Global Market Update July 24th, 2024

Bitcoin's Significant Drop Bitcoin fell sharply by 2.5% against the dollar in the last session. The Stochastic indicator suggests that the market is currently overbought. Google's Stock Minor Decline Google's stock experienced a minor decline of 0.1% in the last session. The RSI indicates a negative signal. AUD/USD Pair's Decline The AUD/USD pair decreased by 0.3% in the last session. The Stochastic indicator is showing a negative signal. Gold's Increment Against Dollar Gold increased by 0.5% against the dollar in the last session. The RSI is giving a negative signal, indicating potential downward movement. Global Financial Headlines Oil prices dropped significantly by about 2% to a six-week low, influenced by ceasefire expectations in Gaza and ongoing demand concerns in China. The yen strengthened against the dollar after remarks from a senior Japanese politician suggested policy normalization. Ether ETFs have begun trading, with Bitwise recording significant early inflows. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Jibun Bank Manufacturing PMI - 0300 GMT • US New Home Sales - 1400 GMT • Eurozone's Eurogroup Meeting - 0700 GMT • UK's 30-Year Bond Auction - 0930 GMT • Finland's Producer Price Index - 0500 GMT • Japan's Jibun Bank Services PMI - 0300 GMT

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Publication date:

2024-07-24 06:57:52 (GMT)

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