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Gold fell by 0.7% against the dollar in the last trading session. The Stochastic RSI indicates that the market is currently oversold.
The EUR/USD pair saw a minor upward correction, gaining 0.1% in the last session. The MACD is currently signaling a negative trend.
The GBP/USD pair experienced a minor upward correction, rising 0.2% in the last session. The Williams Percent Range indicator is giving a positive signal.
Bitcoin paired with the dollar, soared by 6.8% in the last session. The MACD is indicating a positive signal, aligning with our overall technical analysis.
Global shares have slightly declined as investors await US inflation data and a corporate reporting season. Litecoin has emerged as the most utilized cryptocurrency for payments, according to bidpay. In a major renewable energy deal, South Korea's Q sales is set to supply Microsoft with American-made solar panels.
Key economic events to look out for include:
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