Daily Global Market Update

The GBP/USD pair rose due to overbought conditions. Bitcoin declined amid a negative trend. Oil prices fell due to oversupply and delayed OPEC+ production increases. The AUD/USD pair gained momentum. Bitcoin's dominance surged, and US labor market conditions eased. Key economic events include US Nonfarm Payrolls, Eurozone GDP, UK Manufacturing PMI, China's Trade Balance and Australia Retail Sales.

Pound's Positive Movement

The GBP/USD pair rose by 0.3% in the last trading session. The Williams Percent Range indicator suggests that the market is currently overbought.

 

 

Bitcoin's Minor Drop

Bitcoin paired with the dollar saw a minor decline of 0.2% in the last session. The MACD is indicating a negative trend.

 

 

Oil's Continued Weakness

The US Crude Oil pair dropped 0.5% in the last session following a 1.1% intraday dip. The Stochastic RSI suggests an oversold market.

 

 

Australian Dollar's Positive Signal

The AUD/USD pair edged higher by 0.2% in the last session. The Rate of Change (ROC) indicator provides a positive signal.

 

 

Global Financial Headlines

Bitcoin dominance has surged to 57% as the cryptocurrency hit an all-time high. Meanwhile, labour market data in the US indicates easing conditions as unemployment filings increased slightly last week. Oil prices continued to decline, weighed by an ample supply outlook for 2025 and OPEC+ delaying output increases until April next year.

 

Upcoming Economic Highlights

Key upcoming economic events include:

• US Nonfarm Payrolls - 1330 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• UK Manufacturing PMI - 0930 GMT

• China's Trade Balance - 0300 GMT

• Australia Retail Sales - 0130 GMT

Moneta Markets
Type: STP, ECN
Réglementation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
ATFX Market Outlook 10th September 2025

ATFX Market Outlook 10th September 2025

U.S. employment data was sharply revised down, showing that Nonfarm Payrolls increased by an average of only about 71,000 jobs per month, compared to the previously estimated 147,000. U.S. equities closed at new highs on Tuesday, with the S&P 500 and Nasdaq setting record closes as UnitedHealth shares climbed.
ATFX | il y a 1
ATFX Market Outlook 9th September 2025

ATFX Market Outlook 9th September 2025

The Nasdaq Composite closed at a record high on Monday, supported by substantial gains in Broadcom. The S&P 500 also advanced as investors bet the Federal Reserve will soon lower borrowing costs to support growth. The Dow Jones rose 0.25%, the S&P 500 gained 0.21%, and the Nasdaq climbed 0.45%.
ATFX | il y a 2
Gold Nears $3,600 as Fed Cut Bets Drive Markets | 8th September 2025

Gold Nears $3,600 as Fed Cut Bets Drive Markets | 8th September 2025

Gold pushed toward $3,600 and silver held near $40.50 as weak US jobs data boosted Fed rate cut bets and pressured the dollar. AUD steadied on strong China trade data, while GBP stayed below 1.3500 and EUR held above 1.1700. Markets remain data-driven, with US inflation, Eurozone GDP, and Fed commentary key for next moves.
Moneta Markets | il y a 3