Daily Global Market Update

The pound-dollar pair rose slightly, Bitcoin surged, oil gained, and the Australian dollar strengthened. Digital Currency Group saw a revenue surge, the Bank of England hinted at a rate cut, and oil prices rose. Economic highlights today include releases from the UK, Austria, the US, Japan, and Italy.

Moneta Markets | 481 days ago

Pound-Dollar Pair's Upward Correction

The pound-dollar pair experienced a minor upwards correction in the last session, gaining 0.2%. The ROC (Rate of Change) is indicating a positive signal.

Bitcoin-Dollar Pair's Surge

The Bitcoin-dollar pair surged by 2.4% in the last session. The MACD (Moving Average Convergence Divergence) is giving a positive signal.

Oil's Gain Against the Dollar

Oil gained by 0.3% against the dollar in the last session. The Stochastic RSI is indicating a positive signal.

Australian Dollar's Gain

The Aussie gained by 0.6% against the dollar in the last session. The ROC is giving a positive signal.

Global Financial Headlines

Digital Currency Group witnessed a surge in revenue in the first quarter of 2024, driven by the recovery of crypto markets. The crypto conglomerate's revenue jumped 51% year-over-year to $229 million. The Bank of England took another step towards lowering interest rates, with Governor Andrew Bailey expressing optimism about the direction of the economy. The BoE's Monetary Policy Committee voted 7 to 2 to maintain rates at a 16-year high of 5.25%. Oil prices reached a one-week high, supported by data from China and the US indicating potential demand growth in the world's top two crude-consuming nations.

Upcoming Economic Highlights

Here's a glimpse of today's major economic events:

• UK's Industrial Production - 0600 GMT

• Austria's Industrial Production - 0700 GMT

• US Michigan Consumer Sentiment Index - 1400 GMT

• Japan's EC Watchers Survey Current - 0500 GMT

• Italy's Industrial Sales - 1000 GMT

• UK's Gross Domestic Product - 0600 GMT

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GBP/USD Tumbles: Investors Lose Confidence in UK Fiscal Sustainability

The GBP/USD pair declined to 1.3366 on Wednesday, reflecting intensified selling pressure on the pound. Sterling’s weakness stems from a sharp rise in UK government bond yields and broader global concerns regarding fiscal stability.

RoboForex | 1h 30min ago

Gold touches new record, dollar holds firm, pound’s losses deepen

Gold and US dollar remain in demand amid bond market selloff; Pound slips again as UK yields continue to surge; But Wall Street given a lifeline following Google’s legal win; ISM manufacturing PMI spurs yo-yo price action, JOLTS awaited next

XM Group | 1h 55min ago

Bitcoin tries to bounce back up

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin tries to bounce back up

FxPro | 3h 20min ago

Silver Pulls Back After 14-Year Highs as Dollar Strengthens | 3rd September 2025

Silver eased from 14-year highs near $41 as profit-taking emerged, while the US Dollar Index rose toward 98.50 on safe-haven demand. EUR/USD slipped toward 1.1600, USD/JPY held above 147.00, and USD/CNY traded near 7.11 amid cautious PBoC guidance. Markets await US jobs, PMI, and Fed signals for FX and commodity direction.

Moneta Markets | 6h 28min ago

ATFX Market Outlook 3rd September 2025

U.S. stocks closed lower on Tuesday, with the U.S. manufacturing sector contracting for the sixth consecutive month in August, as investors assessed the outlook for President Trump's tariff policy after a federal appeals court ruled that most of his broadly imposed tariffs were illegal. Investors also awaited Friday's monthly U.S. jobs report.

ATFX | 6h 57min ago

Debt market drives currencies again: sterling is the victim of the day

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Debt market drives currencies again: sterling is the victim of the day

FxPro | 21h 34min ago

Gold hits new record on Fed bets, tariff uncertainty, but dollar rebounds

Gold surpasses $3,500 to new all-time high before pulling back. Mounting uncertainties and Fed rate cut hopes drive gold’s latest rally. But equities subdued as US jobs data awaited. Dollar climbs as pound tumbles after UK yields spike higher.

XM Group | 1 day ago

Gold Near Record Highs Poised for a New Peak

Gold prices extended their rally on Tuesday, reaching 3,490 USD per troy ounce, approaching an all-time high. The metal found support in growing expectations of a Federal Reserve rate cut as soon as September, along with a concurrent weakening of the US dollar.

RoboForex | 1 day ago

EURUSD	1.16551	GBPUSD	1.34145	AUDUSD	0.65375
USDJPY	148.608	USDCAD	1.37965	USDCHF	0.80424