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Daily Global Market Update October 30th, 2024

Bitcoin's Significant Surge The Bitcoin/USD pair skyrocketed by 4.1% in the last session. The Ultimate Oscillator is giving a positive signal. Meta's Upward Movement Meta shares rose by 1.7% in the last session. The CCI is giving a positive signal. Aussie's Decline The Aussie dropped 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal. Gold's Record High The Gold/USD pair skyrocketed by 1% in the last session. The CCI indicates an overbought market. Global Financial Headlines Gold prices hit a record high due to uncertainties surrounding the US presidential election and the Middle East conflict, along with expectations of an interest rate cut by the Federal Reserve. The dollar reached three-month highs against the Yen but remained stable against most majors as traders await next week's US election and a slew of incoming economic data. Alameda Research, a subsidiary of the bankrupt crypto exchange FTX, has initiated legal action against Qoin to recover over $50 million in locked assets, according to an October 28th filing. The funds have been frozen by the crypto exchange Qoin since FTX's collapse in November 2022. Upcoming Economic Highlights Key economic events to look out for include: • Germany's Unemployment Change - 0855 GMT • US ADP Employment Change - 1215 GMT • Japan's Retail Trade - 2350 GMT • Japan's Large Retailer Sales - 2350 GMT • Australia's Consumer Price Index - 0030 GMT • French Gross Domestic Product - 0630 GMT

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Publication date:

2024-10-30 08:14:54 (GMT)

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