Daily Global Market Update
Bitcoin's Recent Movement
The Bitcoin-USD pair experienced a decline of 2% in the last session. The Ultimate Oscillator is signaling a negative outlook.
Amazon Shares Rise
Amazon shares gained 1.7% in the last session. The Ultimate Oscillator is giving a positive signal.
Aussie's Slight Gain
The Aussie gained 0.2% against the dollar in the last trading session. The CCI is giving a negative signal.
Gold's Rise
The gold-dollar pair gained 0.8% in the last session. The Ultimate Oscillator is giving a positive signal.
Recent Developments in Financial News
Oil prices settled lower after US data stoked concerns that US interest rates may remain high. However, potential risks to supply from Middle East tensions and wildfires in Canada provided support to prices. The dollar eased following an unexpected increase in US producer prices in April, indicating stubbornly high inflation in the second quarter. Additionally, GME, an unofficial Solana mCoin parody of American gaming retailer GameStop, surpassed $100 million in market capitalization amid a trading frenzy of its namesake but unrelated entity.
Upcoming Economic Events
Here are today's major economic events:
• US Consumer Price Index - 1230 GMT
• US Retail Sales - 1230 GMT
• Eurozone's Employment Change - 0900 GMT
• Eurozone's Industrial Production - 0900 GMT
• Japan's Gross Domestic Product - 2350 GMT
• Japan's Gross Domestic Product (Annualized) - 2350 GMT
Inflation in the US will not make the Fed's rate cut in September comfortable
Gold approached the upper limit of the 4-month trading range
Dollar extends slide ahead of PCE inflation data
September Market Insights: How Volatility, Institutional Flows, and Global Trends Shape Fall Trading
While the dollar is confused, the S&P 500 faces NVIDIA’s rebalancing threat
August was the best month for gold since April
EBC Markets Briefing | Aussie dollar stalls on US GDP beat
