Daily Global Market Update

Gold-dollar down 2.4%, MACD negative. Euro-dollar flat, ROC negative. Pound-dollar dips 0.2%, oversold. Bitcoin-dollar jumps 2.3%, stochastic positive. Wall Street rebounds, eyes on earnings. Bitcoin demand slows post-halving. Tesla expects profit margin decline. Major events: US Redbook Index, New Home Sales, 2-Year Note Auction; Japan's PMI; UK's Net Borrowing.

Gold Dollar Pair's Decline

The gold-dollar pair plummeted 2.4% in the last session. The MACD is giving a negative signal.

 

 

Euro Dollar Pair's Movement

The pair traded sideways in the last session. The ROC is giving a negative signal.

 

 

Pound Dollar Pair's Movement

The pound-dollar pair saw a minor dip of 0.2% in the last session. According to the stochastic indicator, we are in an oversold market.

 

 

Bitcoin Dollar Pair's Movement

The Bitcoin-dollar pair exploded 2.3% in the last session. The stochastic indicator is giving a positive signal.

 

 

World Financial News

Wall Street stocks ended higher following a market selloff in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health. Demand for the newest Bitcoin investment products is slowing down as the world's first cryptocurrency went through its fourth halving event. Spot Bitcoin exchange-traded funds became a benchmark for institutional investments in Bitcoin after launching in January 2024. Tesla is expected to report its lowest gross profit margin in more than 6 years after a chaotic week that included major layoffs, vehicle price cuts, and urgent calls by investors for clarity on product strategy.

 

Major Economic Events

Today's major economic events include:

• US Redbook Index at 12:55 GMT

• US New Home Sales at 14:00 GMT

• US 2-Year Note Auction at 17:00 GMT

• Japan's Jibun Bank Manufacturing PMI at 00:30 GMT

• Japan's Jibun Bank Services PMI at 00:30 GMT

• UK's Public Sector Net Borrowing at 06:00 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

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 | 7h 6min ago