Daily Global Market Update
Gold's Recent Dip
Gold experienced a decrease of 0.6% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
Euro Dollar's Market Stance
The Euro/Dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
Pound Dollar's Unchanged Position
The Pound/Dollar pair also traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
Bitcoin's Slight Dip
Bitcoin dipped a slight 0.2% against the dollar in the last session. The Relative Strength Index (RSI) is giving a positive signal.
Upcoming Economic Events
Today's major economic events include the release of the US Red Book Index and Existing Home Sales, along with Eurozone's Consumer Confidence index. Timings are scheduled as per GMT.
• US Red Book Index - 12:55 GMT
• US Existing Home Sales - 14:00 GMT
• Eurozone's Consumer Confidence - 14:00 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
