Daily Global Market Update
Pound Dollar Analysis
The pound witnessed a decline of 0.3% against the dollar during its recent trading session. According to the Stochastic RSI, a positive trajectory is emerging.
Bitcoin Dollar's Dive
Bitcoin paired with the dollar plummeted by 4.9% in its last session. Despite the fall, the Stochastic indicator suggests a positive outlook, challenging the broader technical narrative.
Euro Dollar's Robust Momentum
The euro-dollar pairing surged by 2.4% in the latest session. The MACD indicator validates this momentum with a positive signal.
Aussie Dollar Update
The Aussie dollar price showed minimal changes in its most recent session. However, the Stochastic indicator is hinting at a positive shift.
Global Financial Headlines
In the sphere, the likelihood of an approved sport Bitcoin exchange-traded fund (ETF) has been elevated for the close of 2023. This optimism stems from Grayscale's recent triumph against federal securities overseers. China's economic metrics for August unveil continued frailty. The data keeps the pressure on policymakers as consumers exercise restraint in spending, while exports face challenges. In the realm of precious metals, gold prices solidified their stance. The soft U.S economic figures signal a potential halt in Federal Reserve's rate hikes for this year. Nevertheless, gold remains on course for a monthly dip due to the uptick in Treasury yields and the strengthening dollar.
Today's Economic Highlights
Here's an overview of notable economic events scheduled for release:
• CFTC GBP NC net positions - 20:30 GMT
• U.S. Average Hourly Earnings - 12:30 GMT
• Austria's Gross Domestic Product - 07:00 GMT
• Netherlands' Manufacturing PMI - 05:00 GMT
• U.S. Non-Farm Payrolls - 12:30 GMT
• Japan's CFTC JPY NC net positions - 20:30 GMT