Daily Global Market Update

Gold, Euro, and Bitcoin showed positive trends, while the Pound's outlook was mixed. Global markets braced for economic data, including the US jobs report. Chinese manufacturing activity weakened, while Eurozone factories struggled. Cryptocurrency ETFs gained popularity. Tesla's China sales increased.
Moneta Markets | 795 hari yang lalu

Gold's Slight Decline

Gold fell by 0.1% against the dollar in the last trading session. Despite the minor decline, the ROC is giving a positive signal.

 

 

Euro's Upward Trend

The EUR/USD pair made a minor upwards correction in the last session, rising 0.2%. The ROC is giving a positive signal.

 

 

Pound's Mixed Signals

The GBP/USD pair experienced a minor upward correction, rising 0.1% in the last session. However, the RSI is giving a negative signal.

 

 

Bitcoin's Explosive Growth

The BTC/USD pair exploded 3.2% in the last session. The ROC is giving a positive signal, aligning with the significant price increase.

 

 

Global Financial Headlines

Share markets fell as investors braced for a data-packed week, culminating in a US jobs report that could influence the Federal Reserve's decision on interest rate cuts. Chinese manufacturing activity sank to a six-month low in August, while Eurozone factories continue to struggle. Cryptocurrency exchange-traded funds accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows. Tesla's China-made electric vehicle sales grew 3% in August from a year earlier, with deliveries of its China-made Model 3 and Model Y vehicles rising 177% from July.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US ISM Manufacturing PMI - 14:00 GMT

• US ISM Manufacturing Employment Index - 14:00 GMT

• US ISM Manufacturing New Orders Index - 14:00 GMT

• US ISM Manufacturing Prices Paid - 14:00 GMT

• Japan's 10y Bond Auction - 03:35 GMT

• Australia's Current Account Balance - 01:30 GMT

Moneta Markets
Tipe: STP, ECN
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