Daily Global Market Update
Gold's Slight Decline
Gold fell by 0.1% against the dollar in the last trading session. Despite the minor decline, the ROC is giving a positive signal.
Euro's Upward Trend
The EUR/USD pair made a minor upwards correction in the last session, rising 0.2%. The ROC is giving a positive signal.
Pound's Mixed Signals
The GBP/USD pair experienced a minor upward correction, rising 0.1% in the last session. However, the RSI is giving a negative signal.
Bitcoin's Explosive Growth
The BTC/USD pair exploded 3.2% in the last session. The ROC is giving a positive signal, aligning with the significant price increase.
Global Financial Headlines
Share markets fell as investors braced for a data-packed week, culminating in a US jobs report that could influence the Federal Reserve's decision on interest rate cuts. Chinese manufacturing activity sank to a six-month low in August, while Eurozone factories continue to struggle. Cryptocurrency exchange-traded funds accounted for 13 of the 25 largest ETF launches in 2024 by year-to-date inflows. Tesla's China-made electric vehicle sales grew 3% in August from a year earlier, with deliveries of its China-made Model 3 and Model Y vehicles rising 177% from July.
Upcoming Economic Highlights
Key economic events to look out for include:
• US ISM Manufacturing PMI - 14:00 GMT
• US ISM Manufacturing Employment Index - 14:00 GMT
• US ISM Manufacturing New Orders Index - 14:00 GMT
• US ISM Manufacturing Prices Paid - 14:00 GMT
• Japan's 10y Bond Auction - 03:35 GMT
• Australia's Current Account Balance - 01:30 GMT
Daily Global Market Update
Daily Global Market Update
Gold Extends its Gain as Geopolitical Tension Heighten
The pound falls despite an acceleration in inflation
Gold Gain on Russia-Ukraine Tension
GBPUSD gains traction near familiar support area
Oil Rally on Russia-Ukraine Heighten Tension
