

Daily Global Market Update, December 10th 2024

Gold Gains in the Market The last session saw gold rise by 0.9% against the dollar. The RSI is currently giving a positive signal. Euro Stays Rangebound The EUR/USD pair traded sideways in the last session. The Williams Percent Range indicator is signalling a negative trend. Pound Makes a Minor Correction The GBP/USD pair experienced a minor upward correction in the last session, gaining 0.1%. The Williams Percent Range indicator suggests the market is overbought. Bitcoin Experiences a Drop Bitcoin paired with the dollar dropped by 3.1% in the last session. The Stochastic indicator is giving a negative signal. Global Financial Headlines Wall Street’s main indices dropped following a decline in AI leader Nvidia, which impacted tech stocks as investors anticipate a critical inflation report this week. Meanwhile, cryptocurrency investment products saw record inflows as Bitcoin surpassed $100,000 for the first time. Oracle missed revenue expectations for Q2, citing reduced client spending on databases and cloud services amid economic uncertainty. Upcoming Economic Highlights Key upcoming economic events include: • US Core Inflation Rate – 1330 GMT • UK Industrial Production – 0700 GMT • Japan’s GDP Growth Rate – 2350 GMT • Eurozone’s Industrial Production – 1000 GMT • Germany’s Consumer Confidence – 0600 GMT

Learn more

Publication date:

2024-12-10 06:59:28 (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.