Daily Global Market Update

Oil dipped slightly, Stochastic RSI bearish. AUD/USD traded sideways, MACD positive. EUR/USD stable, overbought. USD/JPY unchanged, RSI positive. China banks gain gold import quotas, gold prices surge. India's forex reserves decline. US stocks rally. Global focus on Jackson Hole. Today's economic releases: US bill auctions, German Buba report, China FDI, NZ exports/imports.

Moneta Markets | 59 days ago

Oil's Slight Dip

Oil experienced a decrease of 0.2% against the dollar in the last session. The Stochastic RSI is signalling a negative outlook.

AUD/USD Pair's Sideways Movement

The AUD/USD pair traded sideways in the last session. The MACD is giving a positive signal.

EUR/USD Pair's Stability

The EUR/USD price remained largely unchanged in the last session. According to the Williams %R indicator, we are in an overbought market.

USD/JPY Pair's Steady Performance

The USD/JPY price remained largely unchanged in the last session. The RSI is giving a positive signal.

Global Financial Headlines

Several Chinese banks have been granted new gold import quotas from the Central Bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs. India's foreign exchange reserves came off record highs and fell to $667.14 billion as of August 9th, the central bank said. The reserves fell by $4.8 billion in the reporting week, the biggest fall in 4 months. US Stocks entered last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole economic Symposium next week. The S&P 500 and the NASDAQ notched their seventh straight session of gains.

Upcoming Economic Highlights

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

• US 3-month Bill auction - 1530 GMT

• US 6-month Bill auction - 1530 GMT

• Germany's German Buba Monthly Report - 1000 GMT

• China's FDI - 0900 GMT

• New Zealand's Exports - 2245 GMT

• New Zealand's Imports - 2245 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

AUD/USD Rises Following Strong Australian Employment Data

AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy.

RoboForex | 18h 22min ago

Daily Global Market Update

Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,

Moneta Markets | 20h 53min ago

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | 21h 46min ago

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.

RoboForex | 1 day ago

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT

XM Group | 1 day ago

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 | 1 day ago

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Moneta Markets | 2 days 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 | 2 days ago

EURUSD	1.0838	GBPUSD	1.30198	AUDUSD	0.67038
USDJPY	149.938	USDCAD	1.37953	USDCHF	0.86589