Daily Global Market Update

Bitcoin down 1%, oversold per Stochastic RSI. Nike up 0.4%, oversold by Williams. Aussie dollar +0.1%, positive momentum via Rate of Change. Gold +0.1%, signaled by Ultimate Oscillator. India's Russia crude imports drop, Saudi shipments 2.5-year low due to OPEC+ cuts. Bank of Japan's Ueda discusses economy post yen surge past 145 Yen. Coinbase gets Circle stake, dissolves USDC partnership.

Moneta Markets | 1107 days ago

Bitcoin's Price Tug

The Bitcoin-dollar pair experienced a decline of 1% in the recent trading session. The Stochastic RSI suggests the market has entered an oversold territory.

Nike's Stride Forward

Nike shares edged higher by 0.4% during the last trading session. The Williams indicator points towards an oversold market.

Aussie Dollar's Modest Climb

The Aussie-dollar pair marked a slight increase, ascending by 0.1% in the last session. According to the Rate of Change (ROC), a positive momentum is building up.

Gold's Gentle Nudge

Gold inched up by 0.1% against the dollar during the preceding trading session. The Ultimate Oscillator suggests a positive sentiment.

World Financial Briefs

India's crude imports from Russia observed a decrease for the first time in nine months. Concurrently, inbound consignments from Saudi Arabia plummeted to a two and a half year low, consequent to the OPEC+ cuts. Bank of Japan's Governor Ueda highlighted discussions with Prime Minister Fumio Kishida on the economic front, sidestepping recent currency fluctuations. This meeting emerged post the dollar's surge beyond 145 Yen, a mark that previously instigated Japan's yen buying activity in 1998. Coinbase is procuring a minority stake in Circle Internet Financial. Subsequently, the partnership with Center Consortium, which birthed the USDC - the globe's second-largest stablecoin, will dissolve. This development enables Circle to independently manage USDC's issuance and governance.

Economic Calendar Highlights

A glimpse at the notable economic events for the day:

• U.S MBA Mortgage Applications - 1100 hours GMT

• U.S New Home Sales - 1400 hours GMT

• Dutch Consumer Confidence - 0430 GMT

• Eurozone Consumer Confidence - 1400 hours GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

• Japan's Jibun Bank Services PMI - 0130 GMT

Moneta Markets

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264 ulasan

Type: STP, ECN

Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)

Tags: Analisis

Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.

ATFX | 3h 16min ago

Wall Street Moves Into Stablecoins as Global Banks Prepare Their Own Digital Dollar💥

Global banking giants are preparing a joint US dollar stablecoin, signalling a strategic push into digital finance. The move could protect deposit bases while unlocking lucrative reserve income from US Treasuries. Rather than competing directly with crypto-native issuers, banks may target regulated payments, tokenized assets and institutional settlement.

Headway | 15h 26min ago

Bullish crypto consolidation

The crypto market is consolidating after a rally, maintaining a bullish sentiment; BTC is holding steady at $79K, whilst news is fuelling interest in institutional accumulation.

FxPro | 16h 19min ago

Bitcoin Price Prediction: Can NFP Data Provide the Next Catalyst?

After a 25% rally in August, the price has steadied above 78k ahead of NFP data; Expectations are for 56k jobs to be added vs -23k in July; The market prices in 61% chance of a Fed rate hike; 68% of BTC supply is in profit, ETF demand wavering after a strong August; BTC technical analysis.

PrimeXBT | 16h 56min ago