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Daily Global Market Update

Bitcoin's Decline in the Market

The Bitcoin-Dollar pair fell by 2.2% in the last trading session. The MACD is giving a negative signal, indicating potential bearish momentum.



Alibaba's Stable Performance

Alibaba's stock remained largely unchanged in the last session. The MACD is giving a positive signal, suggesting upward momentum in the near term.



Aussie Dollar's Decline

The Australian Dollar fell by 0.8% against the US Dollar in the last session. According to the CCI, the market is in an oversold condition, indicating a potential reversal.



Gold's Remarkable Surge

The Gold-Dollar pair soared by 1.2% in the last session. The Ultimate Oscillator is giving a positive signal, reflecting strong bullish momentum.



Global Financial Updates

Gold prices reached a two-week high amid rising geopolitical tensions and expectations of a third US rate cut by the Federal Reserve next week. The Canadian Dollar strengthened slightly against the US Dollar as oil prices rose. Microsoft shareholders recently rejected a proposal to add Bitcoin to the company's balance sheet, with the board deeming the move unnecessary.


Upcoming Economic Events

Key economic events to watch for this week include:

  • US Inflation Data - 1330 GMT
  • Bank of Canada Rate Decision - 1500 GMT
  • Japan's Machine Tool Orders - 0600 GMT
  • UK GDP Estimate - 0700 GMT
  • Eurozone Industrial Production - 1000 GMT