Daily Global Market Update

Bitcoin dipped despite investor interest, Nio stock rose, AUD gained slightly, gold dipped. Fed Chair's dovish remarks weakened dollar. Watch today's data for economic clues.

Bitcoin's Plunge

Bitcoin USD experienced a decrease of 1.4% against the dollar in the last session. The Stochastic RSI indicates that we are currently in an overbought market.

 

 

Nio's Stock Gain

Nio's shares rose by 1.6% in the last session. The MACD is giving a positive signal.

 

 

AUD/USD Minor Bump

The AUD/USD pair saw a slight increase of 0.1% in the last session. The Stochastic RSI indicates an overbought market.

 

 

Gold's Minor Correction

The gold-dollar pair experienced a minor decline of 0.1% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Global Financial Headlines

Gold prices edged down as treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to US jobs data for further signals on US interest rate cuts. Meanwhile, the dollar slipped after Powell's dovish remarks, hinting at possible US interest rate cuts later this year. Notably, over half of the top American hedge funds have now invested in newly launched spot Bitcoin ETFs.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Australia's Retail Sales - 0130 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

• Spain's Unemployment Change - 0700 GMT

• US ISM Services PMI - 1400 GMT

• Japan's Foreign Bond Investment - 2350 GMT

• US ADP Employment Change - 1215 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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