Category: foreign currency

  • Daily Market Analysis      02-10-2024

    Daily Market Analysis 02-10-2024

    Market Overview

    Bitcoin plunged 4%, oversold on the Stochastic RSI. NIO gained 1.9%, positive Stochastic signal. AUD/USD fell 0.4%, positive RSI. Gold soared 1%, negative Stochastic RSI. Global financial headlines: Gold surged over 1% amid Iran-Israel tensions. Dollar Index rose 0.45%. Crypto hacks decreased in Q3, but stolen assets increased by 99.5%. Iran fires missiles at Israel in retaliation move – Dollar, yen and gold attract safe-haven flows – Oil rebounds on supply concerns – Wall Street pulls back ahead of key US data. Middle East tensions took center stage in the global financial markets during the last session as Iran fired missiles at Israel, this event fueled demand for safe-haven assets, leading gold to surge by over 1%, approaching its peak.

    Economic Calendar (GMT+1)

    EURUSD Analysis

    Chart Analysis

    GBPUSD Analysis

    Chart Analysis

    GBPJPY Analysis

    Chart Analysis

    XAUUSD Analysis

    Chart Analysis

    WTI Analysis

    Chart Analysis

    Conclusion

    Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly. join us as we explore more of this daily:  https://my.dbinvesting.com/links/go/955