Daily Global Market Update

Gold, Bitcoin see gains; EUR/USD flat; GBP/USD overbought. Wall Street up on positive news. US retail sales, Germany ZEW survey on tap today.

Gold's Positive Trend Continues

Gold experienced a 0.5% increase against the dollar in the last session. The RSI is giving a positive signal, suggesting further potential gains.

 

 

EUR/USD Market Stalls

The EUR/USD pair traded sideways in the last session. The MACD is giving a positive signal, indicating stability in the current trend.

 

 

GBP/USD in Overbought Territory

The GBP/USD pair traded sideways in the last session, with the Stochastic indicator signalling that the market is overbought.

 

 

Bitcoin Surges

Bitcoin soared by 4.6% against the dollar in the last session. The Stochastic indicator is giving a strong positive signal, highlighting bullish momentum.

 

 

Global Financial Headlines

Wall Street continues to react positively, with stock indices climbing higher due to favourable political developments and increased investor confidence in digital assets. Notably, Apple's stock reached a new high, driven by promising developments in AI technology.

 

Upcoming Economic Highlights

Today's key economic events include the US retail sales report, several important surveys from Germany and Japan, and updates on US import and export prices.

• US Retail Sales - 1230 GMT

• Eurozone Eco Fin Meeting - 0700 GMT

• Japan's Tertiary Industry Index - 0430 GMT

• Germany's ZEW Survey Current Situation - 0900 GMT

•  Export Price Index - 1230 GMT

• US Import Price Index - 1230 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. Stocks Await PCE Data & Nvidia Earnings

U.S. GDP revision and PCE Price Index will jointly validate the extent of economic cooling and disinflation. The PCE inflation gauge will directly shape market expectations for the Fed’s rate path, with Core PCE YoY expected to hold at 3.3%. The annualised QoQ GDP revision is forecast to remain at 1.5%. U.S. equities will also closely watch Nvidia’s earnings after market close
ATFX | 4 days ago
Gold, EUR/USD Near Multi-Month Highs Ahead of Jackson Hole and PCE

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Born2trade | 5 days ago