Daily Global Market Update

Gold's Minute Movement

The gold-dollar pair recorded a minor decrease of 0.1% in the previous session. The Relative Strength Index (RSI) suggests a bullish momentum.

Euro's Slight Correction

The euro-dollar pair experienced a minor uptick, gaining 0.1% in the last session. This move aligns with the MACD's bearish signal.

Pound's Minor Ascent

The pound-dollar pair reported a slight increase of 0.2% in the previous trading session. The Williams %R indicates a bullish turn.

Bitcoin's Diminished Stance

Bitcoin faced a setback, dropping 0.6% against the dollar during the last session. The Stochastic RSI is signaling potential bearishness.

Financial World Briefs

Wall Street's mood has been increasingly optimistic about the economic trajectory, pushing up expectations for corporations' quarterly returns. As analysts grow more positive, there's hope for enhanced corporate profitability. In currency news, concerns arise as a wallet from the insolvent exchange FDX transfers $10 million worth of assets from the Solana Network to Ethereum. This movement fuels speculations of potential token offloading amidst the exchange's bankruptcy process. Meanwhile, Ryanair, Europe's leading airline by passenger volume, has set another record, flying 12% more passengers this August compared to the same month in the previous year, rounding up to 18.9 million passengers.

Today’s Economic Outlook

Here are some noteworthy economic events scheduled for today:

• Japan's Bank Services PMI - 01:00 hours and 30 minutes GMT

• U.S Factory Orders - 14:00 hours GMT

• U.S Red Book Index - 12:55 GMT

• Australia's RBA Rate Statement - 04:30 GMT

• Australia's RBA Interest Rate Decision - 04:30 GMT

• Eurozone's Producer Price Index - 09:00 hours GMT