Daily Global Market Update

Bitcoin, Amazon, Australian Dollar, Gold prices declined. Indicators suggest oversold conditions for Bitcoin, Australian Dollar, positive for Amazon, negative for Gold. Global headlines include gold price decline, Boeing delay, Cardano decline. Key economic events include GDP data, factory orders, job openings, service PMI.

Bitcoin's Downward Trend

The BTC/USD pair experienced a 1.6% drop in the last session, despite rising as much as 1.1% during the session. The Stochastic RSI indicates that the market is currently oversold.

 

 

Amazon's Share Price Decline

Amazon's shares fell by 0.8% in the last session. However, the MACD is currently giving a positive signal.

 

 

Australian Dollar's Decline

The AUD/USD pair dove 1.1% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Gold's Slight Correction

The Gold/USD pair corrected downwards in the last session, falling 0.1%. The Stochastic indicator is giving a negative signal.

 

 

Global Financial Headlines

Gold prices have eased to their lowest in more than a week, pressured by a firm dollar. Investors are awaiting US non-farm payrolls data that could influence the Federal Reserve's September policy meeting. Boeing's annual free cash flow target of $10 billion may be delayed by about 2 years to 2027-2028, according to Wells Fargo, which also downgraded the stock. Shares of the Dow component fell more than 8% to a near 2-year low. In the cryptocurrency market, Cardano prices have not reacted positively in recent years after Charles Hoskinson mentioned something negative about Bitcoin. The ADA/BTC trading pair has declined by 75% almost 2 years after Hoskinson questioned Bitcoin's survivability in an interview.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• Austrian Gross Domestic Product - 0700 GMT

• Japan's Labor Cash Earnings - 2330 GMT

• Australia's Gross Domestic Product - 0130 GMT

• US Factory Orders - 1400 GMT

• Japan's Jibun Bank Services PMI - 0030 GMT

• US JOLTS Job Openings - 1400 GMT

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