Daily Global Market Update

The British Pound, Australian Dollar, and oil (WTI) all fell against the US Dollar. Bitcoin also dropped. The European Central Bank kept interest rates the same but lowered its growth forecast for the Eurozone. Investors are watching economic data releases today, including the US Baker Hughes Oil Rig Count and UK Retail Sales, for clues about the global economic climate.

Moneta Markets | 405 days ago

Pound/Dollar's Recent Decrease

The GBP/USD pair fell by 0.4% in the last session. The RSI is giving a negative signal.

Bitcoin's Downturn

The Bitcoin/USD pair dropped 0.5% in the last session. The stochastic indicator indicates an overbought market.

Oil's Price Decline

The oil (WTI) fell by 0.9% against the dollar in the last session. The MACD is giving a negative signal.

Aussie/Dollar's Decrease

The AUD/USD pair dropped by 0.3% in the last session. The CCI is giving a negative signal.

Global Financial Headlines

Kraken announced the expansion of its custody services to institutional clients in the UK and Australia, enhancing its digital asset custody options. The European Central Bank maintained interest rates but revised down the economic outlook for the Eurozone, predicting a continued drop in inflation. Oil prices remained stable amid mixed demand signals and looming economic slowdown fears in the US, raising expectations of an imminent Federal Reserve rate cut.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• US Baker Hughes Oil Rig Count - 1700 GMT

• Germany's Producer Price Index - 0600 GMT

• Eurozone's Current Account - 0800 GMT

• Japan's CFTC JPY NC Net Positions - 1930 GMT

• UK's Retail Sales - 0600 GMT

• UK's Public Sector Net Borrowing - 0600 GMT

Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)

Currencies in Focus: Australian Dollar Strong Amidst US Dollar’s Decline | 28th August 2025

AUD/USD climbs toward 0.6510 on strong local data and USD weakness, while gold retreats from $3,400 on profit-taking despite Fed cut bets. EUR/JPY holds above 171.00 but French political risks cap gains. USD/INR steadies near 87.80 as tariffs offset dollar softness, while USD/CAD slips toward 1.3750 ahead of US GDP and PCE. Traders brace for key US data to set the tone.

Moneta Markets | 11h 51min ago

Sterling is demonstrating stability, buoyed by shifting interest rate expectations surrounding the Bank of England (BoE)

The GBP/USD pair advanced to 1.3509 on Thursday. The primary catalyst for traders was the latest UK Producer Price Index (PPI) data.

RoboForex | 12h 19min ago

ATFX Market Outlook 28th August 2025

S&P 500 Index closed at a new record high on Wednesday as investors awaited the week’s most anticipated event—Nvidia’s quarterly earnings after the bell, which will test whether the rally in AI-related valuations can be sustained. The Dow rose 0.32%, the S&P 500 gained 0.24%, and the Nasdaq added 0.2%.

ATFX | 12h 33min ago

A Tale of Two Currencies: USD Finds Footing as EUR and AUD Face Domestic Headwinds | 27th August 2025

The US Dollar rebounds, pressuring gold below $1,950 and weighing on risk assets. AUD/USD holds near 0.6480 ahead of key CPI data, while EUR/USD slips toward 1.1630 amid French political uncertainty. USD/JPY trades above 147.50 but faces upside limits on Fed policy concerns. USD/CNY steady near 7.11 as PBOC defends yuan. Markets eye CPI and jobs data for next moves.

Moneta Markets | 1 day ago

Markets in Flux: Gold Slips on USD Demand as WTI Rallies Amid Geopolitical Concerns | 26th August 2025

WTI rallies above $63.50 as fading hopes for a Russia-Ukraine peace deal boost oil prices. Gold struggles near $3,330 despite Fed rate cut bets, while silver holds firm near $39.00. AUD/USD climbs toward 0.6550 on risk appetite and dovish Fed tone, while USD/CAD stays weak near 1.3500 as oil strength supports the loonie. Markets now eye U.S. jobs and inflation data for direction.

Moneta Markets | 2 days ago

ATFX Market Outlook 26th August 2025

U.S. new home sales in July declined as persistently high mortgage rates continued to dampen housing demand. U.S. equities closed lower on Monday, with investors weighing the interest rate outlook while focusing on NVIDIA’s upcoming quarterly earnings, all while digesting last Friday’s strong rebound. The Dow Jones fell 0.77%, the S&P 500 lost 0.43%, and the Nasdaq slipped 0.2%.

ATFX | 2 days ago

Markets React to Powell’s Dovish Tone: Gold Slips, USD Mixed Across Majors | 25th August 2025

Markets react to Powell’s dovish tone as gold dips near $3,365 and NZD/USD consolidates around 0.5860 despite upbeat retail sales. EUR/USD retreats toward 1.1700, while AUD/USD slips to 0.6480 on RBA easing bets. USD/CAD holds near 1.3820 after Friday’s sharp drop. Traders now eye U.S. GDP, PCE inflation, and Canada’s GDP for the next directional cues.

Moneta Markets | 3 days ago

ATFX Market Outlook 25th August 2025

Federal Reserve Chair Jerome Powell hinted that rate cuts may be needed but stressed caution, while unveiling a new policy framework with a flexible inflation target. U.S. equities closed higher on Friday, with the Dow Jones Industrial Average reaching a record closing high. Investors poured into risk assets, driving the Dow up 1.89%, the S&P 500 up 1.52%, and the Nasdaq Composite up 1.88%.

ATFX | 3 days ago

EURUSD	1.16777	GBPUSD	1.3508	AUDUSD	0.6528
USDJPY	146.879	USDCAD	1.37506	USDCHF	0.80088