

Daily Global Market Update Nov. 19th, 2024

Gold's Strong Rally The gold-dollar pair surged by 1.4% in the last session. The Williams Percent Range indicator is giving a positive signal, suggesting continued bullish momentum. Euro's Positive Session The euro rose 0.5% against the dollar in the last trading session. The RSI is indicating a positive trend, supporting expectations of further gains. Pound Gains Ground The pound-dollar pair advanced by 0.4% in the last session. The Rate of Change (ROC) indicator is signalling a positive outlook, pointing to sustained upward momentum. Bitcoin's Modest Increase Bitcoin gained 0.6% against the dollar in the last session. The MACD is showing a positive signal, aligning with broader market sentiment. Global Financial Headlines The NASDAQ and S&P 500 rebounded after recent losses, driven by anticipation for quarterly earnings from tech giants Nvidia and Tesla. MicroStrategy continued increasing its Bitcoin holdings, despite the cryptocurrency reaching new highs. Boeing announced plans to lay off over 2,200 workers in Washington and Oregon, as part of a broader strategy to reduce its global workforce by 10%, equating to approximately 17,000 jobs. Upcoming Economic Highlights Key economic events to watch for include: • US Consumer Price Index (CPI) - 1230 GMT • Eurozone Industrial Production - 0900 GMT • UK GDP Preliminary Data - 0700 GMT • Australia's Employment Change - 0030 GMT • Japan's Machine Orders - 2330 GMT

Learn more

Publication date:

2024-11-19 05:58:49 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.