EBC Daily Snapshot Sep 6, 2024

On Friday, the US dollar fell to a one-week low as mixed job market signals emerged before key payroll data likely to influence Fed policy.

Regulation: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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Daily Global Market Update

Daily Global Market Update

Bitcoin surged 2.3% with bullish signals, while NIO fell 0.8%, reflecting bearish sentiment. The AUD/USD rose slightly, showing potential for further gains, and gold increased 0.4% despite cautious signals. Oil prices dipped amid steady demand forecasts, the dollar remained strong, and USD Coin's market cap surged 78%. Key economic events include bond auctions, price indices, and GDP data.
Moneta Markets | 2h 10min ago
Australian Dollar Gains, but Rate Uncertainty Limits Potential

Australian Dollar Gains, but Rate Uncertainty Limits Potential

The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in the market. Traders remain vigilant ahead of key December inflation data from the US, which could influence expectations regarding the Federal Reserve’s potential interest rate cuts in 2025.
RoboForex | 4h 20min ago