Daily Global Market Update

Bitcoin dipped slightly after a brief rally, signaling potential for further correction. Meta's stock declined, but RSI suggests future upside. The Australian dollar and gold are both oversold, hinting at potential rebounds. In global news, Bitcoin stabilized, Coinbase launched a new index, and Q-cells partnered with Microsoft for renewable energy.

Bitcoin's Market Correction

In the last session, Bitcoin experienced a slight pullback, dropping by 0.9% after an initial gain of 1.5%. The Williams Percent Range indicator signals an overbought market, suggesting potential for further correction.

 

 

Meta Stock's Slight Decline

Meta's stock value decreased by 0.6% in the last session. The RSI indicator points to a positive trend, potentially signalling upcoming opportunities for investors.

 

 

Australian Dollar's Oversold Position

The Australian dollar fell by 0.8% against the US dollar in the previous session. According to the Williams Percent Range, the AUD/USD pair is currently in an oversold market.

 

 

Gold's Further Decline

Gold decreased by 0.8% against the dollar in the last session, placing it in an oversold position according to the Stochastic RSI.

 

 

Global Financial News

Bitcoin has recently stabilised after a record rally, while crypto exchange Coinbase has launched the Coinbase 50 Index, covering 50 major digital assets. In the energy sector, South Korea's Q-cells is advancing renewable efforts with Microsoft through US-based solar panels.

 

Upcoming Economic Events

Key data releases include:

• Japan's Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• UK's BRC Retail Sales - 0001 GMT

• Japan's Overall Household Spending - 2330 GMT

• Eurozone's Unemployment Rate - 1000 GMT

• Germany's Industrial Production - 0700 GMT

Moneta Markets
類型: STP, ECN
規則: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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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 | 3天前