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Daily Global Market Update November 20th, 2024

Bitcoin's Market Momentum The Bitcoin/USD pair surged by 3.3% during the last trading session. Despite the rise, the Rate of Change (ROC) indicator is signalling a negative trend. Tesla's Stock Volatility Tesla's stock rose by 2.2% in the last session, hitting an intraday high of 3.3%. The Ultimate Oscillator is providing a negative signal, suggesting caution for potential investors. Aussie Dollar's Modest Gains The AUD/USD pair increased by 0.3% in the last session. The MACD indicator is currently pointing to a negative trend. Gold's Safe Haven Appeal The Gold/USD pair climbed by 0.6% in the last session, briefly gaining as much as 1%. The Stochastic RSI indicator is providing a positive signal, reflecting strong momentum in the market. Global Financial News Highlights Gold prices reached a one-week high as escalating Russia-Ukraine tensions spurred a flight to safe-haven assets. The US dollar, Swiss franc, and Japanese yen saw a surge in demand amidst geopolitical uncertainty. Meanwhile, Gemini, the cryptocurrency exchange, launched in France, offering access to 70 digital assets on its platform. Upcoming Economic Events Key economic events to monitor: • Japan's Labour Cash Earnings - 2330 GMT • US Red Book Index - 1355 GMT • UK's BRC Retail Sales - 0001 GMT • Eurozone's Unemployment Rate - 1000 GMT • Germany's Industrial Production - 0700 GMT

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Publication date:

2024-11-20 07:24:28 (GMT)

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