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 | 13 days ago

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

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EUR/USD Gains as Fed Meeting Approaches

EUR/USD is showing signs of strengthening, currently trading around 1.1088 on Monday. The pair saw significant gains at the end of last week, driven by mounting speculation over the Federal Reserve's upcoming interest rate decision.

RoboForex | 11h 20min ago

Dollar Ease While Gold Records All-time High

U.S. Dollar (USD) has been under pressure due to growing speculation that the Fed might implement a larger rate cut in its upcoming policy decision on Wednesday.

PU Prime | 13h 37min ago

Daily Global Market Update

The oil/dollar pair saw a slight decline, while the Australian dollar and euro experienced minor fluctuations. The dollar/yen remained stable. The Federal Reserve's upcoming monetary policy meeting is a focal point, with the S&P 500 approaching its July record high. Intel Corp qualified for federal grants to manufacture semiconductors, while Nvidia's stock surge has raised market concerns.

Moneta Markets | 14h 26min ago

Gold Records New All-time High

Contrary to the U.S. inflation data (CPI) released on Wednesday, which showed price increases, the U.S. job data from yesterday suggested that the labour market is softening. In the commodity market, gold surged to a new all-time high near $2,560, driven by the anticipation of a Fed rate cut.

PU Prime | 3 days ago

Daily Global Market Update

The pound sterling gained against the dollar, while bitcoin and oil prices surged. The Australian dollar's performance was mixed. Grayscale launched a new XRP trust, and traders reduced bets on ECB rate cuts. Key economic events include US export prices, Eurozone meetings, Japan's capacity utilization, Eurozone industrial production, US consumer sentiment, and UK inflation expectations.

Moneta Markets | 3 days ago

Daily Global Market Update

The EUR/USD and USD/JPY pairs traded sideways, with negative signals from Stochastic and MACD, respectively. Gold/USD dropped 0.2%, while Volkswagen stock rose 0.4% with oversold conditions. US dollar mixed after inflation data, Wall Street fell, and Harris's presidential odds rose. Oil prices surged due to hurricane fears.

Moneta Markets | 4 days ago

Dollar Remain Strong on Upbeat CPI

The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction and supported the dollar's strength.

PU Prime | 4 days ago

EUR/USD Weekly Review Euro Gains Amid Complex Political and Economic Developments

The euro demonstrated moderate gains against the US dollar over the past week as global market dynamics shifted due to key political and economic developments across Europe.

ACY Securities | 4 days ago

EURUSD	1.11196	GBPUSD	1.32056	AUDUSD	0.67438
USDJPY	140.87	USDCAD	1.35932	USDCHF	0.84583