Daily Global Market Update

The GBP/USD pair fell 0.4% after a 3.3% dip, with oversold signals. BTC/USD dropped 1.9%, continuing bearish momentum. US Crude Oil gained 0.9%, but signals a potential downturn. AUD/USD fell 0.2%, with oversold indicators hinting at a reversal. Hackers stole $3 billion in crypto, the US dollar strengthened, and gold surged.

Pound's Recent Decline

The GBP/USD pair fell by 0.4% in the last trading session. The Williams Percent Range indicator signals that the market is currently oversold after a significant dip of 3.3% in the prior session.

 

 

Bitcoin's Decline

The BTC/USD pair declined by 1.9% in the last session. The Stochastic RSI indicates that the market is currently oversold, reflecting a continuation of bearish momentum.

 

 

Oil's Modest Gains

The US Crude Oil pair rose by 0.9% during the last trading session, having gained as much as 1.3% intraday. The Stochastic indicator currently signals a potential downturn.

 

 

Aussie's Downward Correction

The AUD/USD pair corrected downward, falling by 0.2% in the last session. The Commodity Channel Index (CCI) suggests the market is oversold, indicating a possible reversal in trend.

 

 

Global Financial Headlines

Hackers stole over $3 billion in cryptocurrency in 2024, marking a 15% increase from 2023. The US dollar strengthened for a third session as treasury yields remained elevated amidst concerns over tariffs from the incoming Trump Administration. Meanwhile, gold prices surged to a near four-week high due to Safe Haven demand.

 

Upcoming Economic Highlights

Key events to monitor include:

• Japan's Coincident Index - 0500 GMT

• US USDA WDE Report - 1700 GMT

• Italy's Retail Sales - 0900 GMT

• Finland's Industrial Output - 0600 GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• US Baker Hughes Oil Rig Count - 1800 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 | 15h 15min 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 | 2 days ago