Daily Global Market Update

Mixed market signals: Bitcoin up slightly, Meta up, AUD & Gold down. Gold prices tumble on rate cut worries. Crypto.com sues SEC. Watch UK bond auction, German exports, and US oil data.

Moneta Markets | 7 days ago

Bitcoin's Slight Gain Amidst Mixed Signals

The Bitcoin/USD pair gained 0.1% in the last session, after rising as much as 1.5% during the session. The Stochastic indicator is currently giving a negative signal.

Meta Stock's Positive Performance

Meta stock gained 0.5% in the last session. The MACD is currently giving a positive signal.

Australian Dollar's Slight Decline

The AUD/USD pair corrected downwards in the last session, falling 0.1%. The Ultimate Oscillator is giving a negative signal.

Gold's Significant Drop

Gold fell 0.88% against the dollar in the last trading session. The ROC (Rate of Change) indicator is giving a negative signal.

Global Financial Headlines

Gold prices fell over 1%, on track for their biggest drop on a percentage basis in 1.5 months. Recent US employment data lowered expectations for a bigger rate cut, while markets await minutes of the US Federal Reserve's latest policy meeting for fresh signals. The Canadian dollar weakened to a 7-year low against its US counterpart as oil prices fell 4%. Investors are reassessing the outlook for Federal Reserve interest rate cuts. In cryptocurrency news, major exchange and service provider Crypto.com is launching a legal battle against the United States Securities and Exchange Commission, aiming to protect the future of the crypto industry in the country.

Upcoming Economic Highlights

Key economic events to look out for include:

• UK's 10y Bond auction - 09:30 GMT

• Germany's Exports - 06:00 GMT

• Japan's Machine Tool Orders - 06:00 GMT

• US EIA Crude Oil Stocks Change - 14:30 GMT

• Germany's Trade Balance - 06:00 GMT

• US MBA Mortgage Applications - 11:00 GMT

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Tags: Analysis AUDUSD

Daily Global Market Update

Bitcoin and gold prices have risen. Nike shares have gained, while the Australian dollar has slightly dipped. The US dollar has strengthened against major currencies. Key economic events include the UK's Core CPI, Japan's exports, US export prices, Italy's CPI, and Germany's 30-year bond auction.

Moneta Markets | 6h 58min ago

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | 1 day ago

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | 2 days ago

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.

PU Prime | 5 days ago

Daily Global Market Update

GBP/USD sideways, Stochastic oversold; BTC/USD plummeted, MACD negative; Oil/USD surged, Stochastic positive; AUD/USD gained modestly, CCI oversold; Bitcoin negative, 63,000 BTC sent to exchanges; Oil prices jumped due to US fuel use, Middle East risks, growing energy demand; Gold prices extended gains as traders anticipate Fed rate cut.

Moneta Markets | 5 days ago

AUD/USD Stabilises Near Monthly Low Amid Mixed Signals

The AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a strengthening US dollar and uncertainties in China, Australia's largest trading partner.

RoboForex | 6 days ago

How Chinese Market is Shaping Australian Dollar Bearish Trend

The Australian dollar has recently emerged as one of the weakest performers among the G10 currencies, reflecting broader shifts in market sentiment that extend beyond Australia’s borders.

ACY Securities | 7 days ago

Daily Global Market Update

Oil prices rose slightly, while the Aussie dollar fell slightly. The Euro and Dollar traded sideways, while the Yen was overbought. China's stimulus boosted hedge fund returns, and Taiwan's Foxconn reported record revenue. US stocks are near record highs, and key economic events include UK retail sales, Japan's current account and labor earnings, US bill auctions, and Eurozone retail sales.

Moneta Markets | 9 days ago

EURUSD	1.08981	GBPUSD	1.30339	AUDUSD	0.66867
USDJPY	149.246	USDCAD	1.37767	USDCHF	0.8622