Daily Global Market Update

Bitcoin rallied 4.2% with positive Williams indicator, while Tesla traded sideways with negative RSI. AUD/USD stagnated despite positive CCI, and gold fell 0.6% with positive stochastic. Dollar strengthened, impacting gold and cryptocurrencies, with a $510 billion market cap drop. Economic releases today include Japan's coincident index, US mortgage applications, and data from Germany and UK.

Bitcoin's Surge

Bitcoin experienced a 4.2% increase against the dollar in the last session. The Williams indicator is giving a positive signal.

 

 

Tesla's Sideways Movement

Tesla's stock traded sideways in the last session. The RSI is giving a negative signal.

 

 

AUD/USD Pair Stagnation

The Aussie dollar price remained largely unchanged in the last session. The CCI is giving a positive signal.

 

 

Gold's Decline

The gold-dollar pair fell 0.6% in the last trading session. The stochastic indicator is giving a positive signal.

 

 

Global Financial Headlines

Gold prices eased on dollar strength and higher bond yields, although expectations of a US rate cut in September and escalating geopolitical tensions in the Middle East kept uncertainty high. Following last session's sharp retreat, the dollar recovered ground against most major peers, and the Japanese yen steadied around seven-month highs against the US currency. Over half of the 50 largest cryptocurrencies by market capitalisation are in the red, following the biggest crypto selloff in over a year. The entire crypto market saw a $510 billion drop in total market capitalisation.

 

Upcoming Economic Highlights

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

• Japan's Coincident Index - 0500 GMT

• US MBA Mortgage Applications - 1100 GMT

• Japan's Current Account - 2350 GMT

• Germany's Industrial Production - 0600 GMT

• Germany's Trade Balance - 0600 GMT

• UK's RICS Housing Price Balance - 2301 GMT

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