Market Overview
The pound gained 0.2% against the dollar, with a positive RSI signal. Bitcoin dropped 3%, indicated as negative by the ROC. Oil surged 1.1%, reaching an overbought market per the Stochastic RSI. The Australian dollar rose 0.2%, with the Williams indicator showing overbought conditions. Oil prices experienced a gentle recovery on Thursday, with Brent crude futures reaching $79.93 per barrel and US West Texas Intermediate crude climbing to $77.19 per barrel. Stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, eased recession fears and bolstered the dollar’s strength in the last session.
Economic Calendar (GMT+1)
EURUSD Analysis
Chart Analysis
GBPUSD Analysis
Chart Analysis
GBPJPY Analysis
Chart Analysis
XAUUSD Analysis
Chart Analysis
WTI 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 the market together: https://my.dbinvesting.com/links/go/955
