Daily Global Market Update
Pound's Positive Momentum Against Dollar
The Pound registered a notable surge of 0.5% against the dollar in its most recent session. The Williams indicator, suggests a bullish trend.
Bitcoin's Recent Surge Amidst Negative Indicators
Bitcoin experienced a striking increase of 2.6% paired with the dollar in the last session. However, the stochastic indicator suggests potential downside risks.
Oil's Decline in the Market
The oil-dollar pair witnessed a sharp decline of 2.1% during the most recent trading session. The RSI indicates bearish momentum in the market.
Aussie's Positive Strides
The Aussie-dollar pairing ascended by 1.1% in its recent session. The Williams indicator points towards bullish tendencies.
Major Global Financial Headlines
Finance, reputed as the world's foremost exchange, is retracting its presence from Russia subsequent to the sale of its Russia-oriented operations to the newly-formed exchange, COMX. In the U.S., despite the challenges posed by heightened interest rates, the economy persistently exhibited robust performance, growing at a 2.1% annual pace from April to June. On the commodities front, gold touched a six-month nadir as increased prospects of prolonged U.S. interest rates reduced the allure of non-yielding bullion. Market participants are now shifting their focus to this week's inflation figures to deduce cues regarding the Federal Reserve's strategies.
Key Economic Releases Today
Anticipated economic releases for the day include:
• Germany's Unemployment Rate - 0755 hours GMT
• UK's Gross Domestic Product - 0600 hours GMT
• UK's Current Account - 0600 hours GMT
• U.S Personal Income - 1230 hours GMT
• Eurozone's Harmonised Index of Consumer Prices - 0900 hours GMT
• Japan's Construction Orders - 0500 hours GMT