Daily Global Market Update

Pound weakened, Bitcoin surged, Oil climbed, Aussie traded sideways. Bitcoin's $100K rally gains momentum, gold rises on safe-haven demand. Key economic events to watch.

Pound's Decline Against the Dollar

The GBP/USD pair dropped by 0.5% during the last session. The MACD is currently providing a negative signal, suggesting potential bearish momentum.

 

 

Bitcoin's Accelerated Growth

Bitcoin surged by 4% against the dollar in the last session. The MACD is signalling a positive trend, reinforcing bullish sentiment among traders.

 

 

Oil's Steady Climb

The price of US crude oil rose by 1.5% in the last session. The Rate of Change (ROC) indicator is providing a positive signal, supporting a bullish outlook.

 

 

Aussie's Neutral Trend

The AUD/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is presenting a positive signal, hinting at a potential upward move.

 

 

Global Financial Headlines

Bitcoin's drive towards $100,000 has gained momentum as traders anticipate a more favourable regulatory environment in the US under President-elect Donald Trump. Jobless claims in the US fell to a 7-month low last week, hinting at recovery in the labour market. Meanwhile, gold prices rose for the fourth consecutive session, bolstered by safe-haven demand amid geopolitical concerns and lacklustre corporate earnings from Nvidia.

 

Upcoming Economic Highlights

Key economic events to monitor include:

• Japan’s Labour Cash Earnings – 2330 GMT

• US Redbook Index – 1355 GMT

• UK’s BRC Retail Sales – 0001 GMT

• Japan’s Overall Household Spending – 2330 GMT

• Eurozone’s Unemployment Rate – 1000 GMT

• Germany’s Industrial Production – 0700 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
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 | 1 day ago
Global Bond Selloff, Eyes on Central Banks & US ADP

Global Bond Selloff, Eyes on Central Banks & US ADP

The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX | 3 days ago