Analysis

Daily Global Market Update

Daily Global Market Update

Bitcoin and Apple shares are currently overbought, while the AUD/USD pair and gold are showing signs of upward movement. Gold prices have been rising due to a weaker dollar and anticipation of interest rate cuts. Bitcoin demand has been decreasing in recent weeks.
Moneta Markets | 327 days ago
Dollar under pressure ahead of Jackson Hole Symposium

Dollar under pressure ahead of Jackson Hole Symposium

Stocks in the green again as investors await the Jackson Hole gathering. Economists look for strong Fed easing in 2024 despite recession talk dissipating. Dollar remains on the back foot against most currencies. Aussie fails to benefit from hawkish minutes; loonie could suffer from weak CPI
XM Group | 328 days ago
Daily Global Market Update

Daily Global Market Update

Gold held steady, but technical indicators suggest overbought conditions. The Euro and Pound gained against the Dollar, also showing overbought signals. Bitcoin surged significantly, with similar technical warnings. Wall Street rallied on recession hopes and potential rate cuts. Cardano dropped from top 10 cryptocurrencies. AMD to acquire ZT Systems for AI expansion.
Moneta Markets | 328 days ago
Dollar Pressures by Dovish Fed Remark

Dollar Pressures by Dovish Fed Remark

The Dollar Index (DXY) remains under pressure as dovish comments from multiple Federal Reserve officials suggest the possibility of a rate cut in the near future.
PU Prime | 328 days ago
Daily Global Market Update

Daily Global Market Update

Oil dipped slightly, Stochastic RSI bearish. AUD/USD traded sideways, MACD positive. EUR/USD stable, overbought. USD/JPY unchanged, RSI positive. China banks gain gold import quotas, gold prices surge. India's forex reserves decline. US stocks rally. Global focus on Jackson Hole. Today's economic releases: US bill auctions, German Buba report, China FDI, NZ exports/imports.
Moneta Markets | 329 days ago
Oil: the lost positive link

Oil: the lost positive link

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil: the lost positive link
FxPro | 329 days ago