Daily Global Market Update

Gold sees a slight gain, Euro-Dollar rises, Pound gains, Bitcoin overbought. European shares cautious, Binance's legal negotiations, OpenAI's CEO change. Upcoming economic releases include US data and UK borrowing figures.

Gold's Slight Correction

Gold registered a minor increase of 0.1% against the dollar in the last session. The Ultimate Oscillator signals a positive outlook.

 

 

Euro-Dollar's Recent Developments

The Euro-Dollar pair saw an increase of 0.3% in the latest session. The RSI indicator points towards an overbought market.

 

 

Pound's Positive Movement

The Pound experienced a 0.4% gain against the dollar in the last session. The Ultimate Oscillator is providing a positive signal.

 

 

Bitcoin's Overbought Market

Bitcoin, in its pairing with the dollar, witnessed a 0.2% rise in the last session. The Williams indicator suggests an overbought market condition.

 

 

Global Financial Headlines

European shares show restraint after a robust week, with Bayer's slide impacting the healthcare sector. The US Justice Department is negotiating a resolution with Binance, potentially involving over $4 billion and legal implications for its founder. OpenAI welcomes EMT Shear as interim CEO, with Sam Ultman transitioning to a supportive role for Microsoft.

 

Upcoming Economic Highlights

Key economic releases to watch for today:

• US Chicago Fed National Activity Index - 1330 GMT

• US Redbook Index - 1355 GMT

• US Existing Home Sales - 1500 GMT

• Finland's Unemployment Rate - 0600 GMT

• UK Public Sector Net Borrowing - 0700 GMT

• Australia's RBA Meeting Minutes - 0030 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
Bullish crypto consolidation

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 | 40 minutes ago
Bitcoin Price Prediction: Can NFP Data Provide the Next Catalyst?

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 | 1h 17min ago
Yen extends surge, Oil slips despite tensions, stocks rebound

Yen extends surge, Oil slips despite tensions, stocks rebound

Yen rallies after hawkish BoJ and dovish Fed remarks; Waller eyed next. Yields slide after Fed’s Williams calms nerves, lifts stocks. Oil prices ease back after Trump hints Iran strikes won’t last “too long”. Gold jumps as dollar remains on the backfoot.
XM Group | 5h 47min ago