Daily Global Market Update

Pound's Positive Performance

The GBP/USD pair gained 0.6% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal.

Bitcoin's Significant Rise

The BTC/USD pair skyrocketed 1.4% in the last session. According to the Stochastic RSI, we are in an overbought market.

Oil's Upward Trend

The Oil/USD pair rose 2.6% in the last session, after gaining as much as 3.5% during the session. The CCI is giving a positive signal.

Australian Dollar's Mixed Signals

The AUD/USD pair rose 0.7% in the last session. The Stochastic indicator is giving a negative signal.

Global Financial Headlines

Grayscale Investments, a major cryptocurrency investment firm, is debuting a new crypto trust linked to the XRP cryptocurrency. Grayscale officially announced the creation and public launch of Grayscale XRP Trust, which enables investors to gain exposure to XRP. Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year as policymakers provided little clarity on how willing they were to double down on monetary easing. Oil prices rose more than 1%, extending a rebound spurred by concerns over Hurricane Francine's impact on US output, though a gloomy demand outlook capped gains. Brent crude futures for November were up $0.95 or 1.4%.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Export Price Index - 12:30 GMT

• Eurozone's Euro Group Meeting - 07:00 GMT

• Japan's Capacity Utilization - 04:30 GMT

• Eurozone's Industrial Production - 09:00 GMT

• US Michigan Consumer Sentiment Index - 14:00 GMT

• UK's Consumer Inflation Expectations - 08:30 GMT