Daily Global Market Update

Bitcoin dipped despite investor interest, Nio stock rose, AUD gained slightly, gold dipped. Fed Chair's dovish remarks weakened dollar. Watch today's data for economic clues.

Bitcoin's Plunge

Bitcoin USD experienced a decrease of 1.4% against the dollar in the last session. The Stochastic RSI indicates that we are currently in an overbought market.

 

 

Nio's Stock Gain

Nio's shares rose by 1.6% in the last session. The MACD is giving a positive signal.

 

 

AUD/USD Minor Bump

The AUD/USD pair saw a slight increase of 0.1% in the last session. The Stochastic RSI indicates an overbought market.

 

 

Gold's Minor Correction

The gold-dollar pair experienced a minor decline of 0.1% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Global Financial Headlines

Gold prices edged down as treasury yields held firm, while investors digested comments from Federal Reserve Chair Jerome Powell and looked forward to US jobs data for further signals on US interest rate cuts. Meanwhile, the dollar slipped after Powell's dovish remarks, hinting at possible US interest rate cuts later this year. Notably, over half of the top American hedge funds have now invested in newly launched spot Bitcoin ETFs.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Australia's Retail Sales - 0130 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

• Spain's Unemployment Change - 0700 GMT

• US ISM Services PMI - 1400 GMT

• Japan's Foreign Bond Investment - 2350 GMT

• US ADP Employment Change - 1215 GMT

Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady | 22nd August 2025

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Markets hold steady ahead of Powell’s Jackson Hole speech, with gold near $3,330 and silver slipping toward $38.00 as Fed cut bets fade. WTI rallies toward $63.50 on strong U.S. demand and supply concerns. AUD/USD stays under pressure near 0.6410 on dollar strength, while USD/CNY steadies around 7.1320 after a firmer PBoC fix. Traders brace for Powell’s policy signals.
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Markets Brace for US CPI Data as Dollar Steadies | 12th August 2025

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Markets tread cautiously ahead of US CPI, with gold near $3,355 and oil rebounding above $63.00. AUD/USD holds near 0.6500 on trade truce optimism but RBA cut bets persist, while EUR/USD hovers above 1.1600 on geopolitical hopes. DXY steadies at 98.50 as traders weigh inflation’s impact on Fed policy. CPI results seen as key catalyst for near-term volatility.
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Oil Dips Below $63.50 as Geopolitical Talks Weigh on Markets | 8th August 2025

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WTI slides below $63.50 on US-Russia talks, while silver holds firm above $38 on safe-haven demand and Fed rate-cut bets. AUD/USD softens on rising RBA cut expectations; USD/JPY edges lower amid trade tensions. DXY steadies above 98.00 as Fed leadership speculation swirls. Markets remain cautious as central bank and geopolitical signals guide direction.
Moneta Markets | 16 days ago