Daily Global Market Update

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