Daily Global Market Update

Pound Dollar stable, MACD contradicts. Bitcoin -0.5%, oversold. Oil Dollar +2.2%, overbought. Aussie +0.1%, positive Williams. Bitcoin ETFs outflow, German morale down. Oil up on low U.S. stocks, China hopes. Upcoming: US Personal Spending, Japan Index, US Income, UK CFTC GBP NC, Japan Coincident Index, Germany GfK Confidence.

Pound Dollar's Static Movement

The pound dollar pair remained largely unchanged in the last session. Despite the static price movement, the MACD's negative signal seems to contradict our overall technical analysis.

 

 

Bitcoin's Minor Decline

Bitcoin fell 0.5% against the dollar in the last session. The Williams indicator suggests an oversold market condition.

 

 

Oil Dollar's Sharp Increase

The oil dollar pair saw a significant rise of 2.2% in the last session. The Williams indicator currently indicates an overbought market.

 

 

Aussie's Slight Gain

The Australian dollar saw a modest increase of 0.1% against the US dollar in the last session. The Williams indicator is giving a positive signal.

 

 

Global Financial Headlines

The newly launched spot Bitcoin exchange-traded funds are witnessing combined negative flows for the first time. This development is attributed to the slower pace of incoming funds in products like BlackRock's iBit and Fidelity's FBTC compared to exits from Grayscale's GBTC. Additionally, German business morale has worsened unexpectedly, signaling potential struggles for Europe's largest economy. Meanwhile, oil prices have risen following a decrease in U.S. crude stockpiles and expectations of economic recovery in China.

 

Upcoming Economic Highlights

Today’s major economic events include:

• US Personal Spending - 1330 hours GMT

• Japan's Leading Economic Index - 0500 hours GMT

• US Personal Income - 1330 hours GMT

• UK's CFTC GBP NC Net Positions - 2030 hours GMT

• Japan's Coincident Index - 0500 hours GMT

• Germany's GfK Consumer Confidence Survey - 0700 hours GMT

Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Dollar extends slide ahead of PCE inflation data

Dollar extends slide ahead of PCE inflation data

Fed Governor Waller reiterates support for lower interest rates - PCE inflation data may impact Fed rate cut bets beyond September - S&P 500 and Dow Jones hit fresh record highs - Gold gains, approaches upper boundary of sideways range
XM Group | 3h 59min ago
US Dollar Surges, Global Markets Await Key Inflation Data | 29th August 2025

US Dollar Surges, Global Markets Await Key Inflation Data | 29th August 2025

The US Dollar extends gains, with DXY near 98.00 ahead of key PCE data. EUR/USD drifts to 1.1650 on weak eurozone growth, while USD/JPY hovers below 147.00 after hotter Tokyo CPI. GBP/USD slips toward 1.3510 on UK fiscal concerns, and USD/CNY steadies around 7.10 as PBoC leans against yuan weakness. Traders brace for PCE to confirm—or challenge—the USD’s bullish momentum.
Moneta Markets | 7h 20min ago