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Daily Global Market Update

Gold's Significant Decline

The Gold-Dollar pair plummeted by 3.8% in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal.



Euro's Slight Recovery

The EUR/USD pair gained 0.1% in the last session. The CCI is giving a positive signal, indicating potential for further upward movement.



Pound's Slight Decline

The GBP/USD pair fell by 0.2% in the last session. The Ultimate Oscillator is signalling a positive outlook, suggesting potential recovery.



Bitcoin's Major Drop

The Bitcoin-Dollar pair plunged 2.9% in the last session. The Williams Percent Range is giving a negative signal, indicating bearish momentum.



Global Financial Updates

The MSCI Global Equities Index rose slightly as the US dollar weakened, accompanied by a drop in government bond yields. Native tokens from various DeFi protocols surged above 50% in November, reflecting investor confidence post-US elections. Meanwhile, the total value locked on DeFi protocols reached $18.4 billion, marking a three-year high. In other news, Apple’s proposed $100 million investment for a plant in Indonesia faced rejection due to local content requirements for smartphones.


Upcoming Economic Events

Key economic updates to monitor include:

  • US Non-Farm Payrolls - 1330 GMT
  • UK Consumer Price Index - 0700 GMT
  • Eurozone GDP Growth Rate - 1000 GMT
  • Japan Machinery Orders - 2330 GMT
  • Germany's Trade Balance - 0600 GMT