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Daily Global Market Update December 13th, 2024

Pound's Decline Amid Positive MACD The Pound dropped by 0.4% against the US dollar in the last session. Despite the decline, the MACD is providing a positive signal, indicating potential for a reversal. Bitcoin's Steady Climb Bitcoin rose by 0.2% in the last session after peaking with a 1.2% gain earlier in the day. The Ultimate Oscillator is giving a positive signal, reflecting continued bullish sentiment. Oil's Overbought Conditions The oil-dollar pair remained largely unchanged in the last session. The Williams Percent Range is indicating overbought conditions, suggesting a potential pullback in the near term. Aussie Dollar's Minor Recovery The Aussie dollar experienced a minor upward correction, rising by 0.1% in the last session. The Stochastic RSI indicates that the market is currently oversold, hinting at further recovery potential. Global Financial Headlines European cryptocurrency exchanges are preparing to delist locally non-compliant stable coins, including Tether's USDT, as regulatory deadlines loom. The European Central Bank has cut interest rates for the fourth time this year, while gold slipped over 1% as investors booked profits ahead of a key Federal Reserve meeting. Upcoming Economic Highlights Key events to monitor this week include: • US Federal Reserve Meeting • European Economic Reports on Inflation • Japan's Household Spending Data • Germany's Industrial Output Figures

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Publication date:

2024-12-13 10:12:02 (GMT)

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