Daily Global Market Update

Bitcoin, Meta shares decline with negative technical signals. AUD/USD corrects, oversold. Gold surges with positive momentum. Oil falls on China demand worries, OPEC+ supply plans. Yen strengthens on BoJ rate hike speculation. Tether hits $13.13B market cap. Economic highlights today: Japan BoJ, Eurozone CPI, US Fed, Germany retail sales, Australia retail sales, US ADP employment.

Bitcoin's Recent Decline

The Bitcoin-dollar pair dropped by 1% in the last session. The ROC is giving a negative signal.

 

 

Meta's Share Drop

Meta shares fell by 0.8% in the last session. The RSI is giving a negative signal.

 

 

AUD/USD Minor Correction

The AUD/USD pair made a minor downwards correction in the last session, dropping by 0.2%. The Williams indicator indicates an oversold market.

 

 

Gold's Explosive Session

The gold-dollar pair surged by 1.2% in the last session. The Stochastic RSI is giving a positive signal.

 

 

Global Financial Headlines

Oil prices slid to a seven-week low as investors worried about weakening demand from China, while OPEC+ seems likely to stick to plans to increase supplies. Market participants have been discussing a possible ceasefire deal in Gaza that could reduce the geopolitical risk premium for crude prices. The Japanese yen gained on reports that the Bank of Japan is considering raising rates to 0.25% from the current 0.1%, which is more than the market is currently pricing in. Tether has reached a circulating supply of $13.13 billion as of July, marking a significant milestone since the collapse of Silicon Valley Bank in March 2023, which marked a turning point for the stablecoin market as traditional finance institutions fled to USDT for stability.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's BoJ Monetary Policy Statement - 3 GMT

• Eurozone's Harmonised Index of Consumer Prices - 9 GMT

• US Fed Interest Rate Decision - 18 GMT

• Germany's Retail Sales - 6 GMT

• Australia's Retail Sales - 1:30 GMT

• US ADP Employment Change - 12:15 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
Daily Global Market Update

Daily Global Market Update

Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.
Moneta Markets | 12h 25min ago
What’s Next for USD, CAD, and AUD?

What’s Next for USD, CAD, and AUD?

The FX market has been showing some volatility, with the U.S. Dollar (USD) showing signs of softening amidst varying economic signals. The slight dip in the USD's strength was influenced by inconsistent Treasury yields and a relatively quiet economic calendar for this week.
ACY Securities | 15h 42min ago
Daily Global Market Update

Daily Global Market Update

Pound weakened, Bitcoin surged, Oil climbed, Aussie traded sideways. Bitcoin's $100K rally gains momentum, gold rises on safe-haven demand. Key economic events to watch.
Moneta Markets | 3 days ago
Gold Gain on Russia-Ukraine Tension

Gold Gain on Russia-Ukraine Tension

Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response.
PU Prime | 5 days ago
Daily Global Market Update

Daily Global Market Update

Bitcoin and Tesla saw modest gains, but technical indicators suggest potential downtrends. The Aussie dollar edged up, while gold rallied due to geopolitical tensions. The US dollar and safe-haven currencies strengthened. Key economic events like Japan's labor earnings and Germany's industrial production are to be watched.
Moneta Markets | 5 days ago