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Daily Global Market Update Jan 8th, 2025

Bitcoin's Decline in the Market The Bitcoin/USD pair plummeted by 5.3% in the last trading session. The Stochastic RSI is indicating a negative signal. NIO's Negative Trend NIO stock dropped 2% in the last session. The Ultimate Oscillator is providing a negative signal. AUD/USD Overbought The Aussie Dollar price remained largely unchanged in the last session. The CCI is indicating an overbought market. Gold's Modest Rise Gold rose 0.4% against the dollar in the last session. The MACD is indicating a positive signal. Market News Highlights Oil prices rose due to supply concerns stemming from sanctions on Russia and Iran, coupled with anticipated increased demand from China. The dollar strengthened, reaching a six-month high against the Yen, as strong economic data indicated a stable jobs market and robust services sector. Additionally, US Commodity Futures Trading Commission chair Rostin Behnam announced plans to step down, paving the way for regulatory changes under the new administration. Upcoming Economic Highlights Key economic events to look out for include: • US MBA Mortgage Applications - 12:00 GMT • US EIA Crude Oil Stocks Change - 15:30 GMT • Germany's 10Y Bond Auction - 10:30 GMT • Dutch Consumer Spending Volume - 05:30 GMT • Japan's Consumer Confidence Index - 05:00 GMT • Japan's Foreign Bond Investment - 23:50 GMT

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Publication date:

2025-01-08 07:46:17 (GMT)

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