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.

Moneta Markets | 12 days ago

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

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Tags: Analysis AUDUSD

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 15min 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

All Eyes on U.S. CPI Today

Ahead of the highly anticipated U.S. CPI data release today, which the market is closely watching for clues on the Fed’s upcoming monetary policy moves, Wall Street remained largely unchanged in the previous session. The dollar index (DXY) faced rejection below the $102 mark, signalling that expectations of a Fed rate cut are weighing on the dollar's strength.

PU Prime | 5 days ago

Daily Global Market Update

Bitcoin and gold experienced modest gains, while Meta stock and Australian dollar faced downward pressure. Global oil prices fell due to OPEC's revised demand forecast. The dollar weakened against major currencies ahead of key economic data. Investors are watching for upcoming economic events, including US inflation data and GDP figures.

Moneta Markets | 5 days ago

U.S. Dollar Steady Ahead of CPI

The U.S. dollar remained stable in the last session as traders await Wednesday's key U.S. inflation data, which is expected to provide clues on the Federal Reserve's rate cut decision next week.

PU Prime | 6 days ago

Daily Global Market Update

Oil prices and the US dollar have seen a significant decline. The Australian dollar and the Japanese yen have traded sideways, while the euro has remained stable. China's central bank has halted gold purchases. Chrysler is recalling millions of vehicles due to a software issue. Global markets are facing uncertainty due to economic indicators and political factors.

Moneta Markets | 7 days ago

G10 Currencies Revert to Safe-Haven Dynamics Amid Global Growth Fears

Renewed Risk-Aversion Shifts in G10 Currency Performance In recent weeks, the performance of G10 currencies has reverted to more familiar risk-aversion dynamics, mirroring patterns seen prior to the recent global inflation surge. With heightened uncertainty in global markets, traditional safe-haven currencies have once again emerged as top performers.

ACY Securities | 7 days ago

EURUSD	1.11207	GBPUSD	1.32055	AUDUSD	0.67418
USDJPY	140.797	USDCAD	1.3593	USDCHF	0.84573