Daily Global Market Update
Gold's Slight Correction
Gold registered a minor increase of 0.1% against the dollar in the last session. The Ultimate Oscillator signals a positive outlook.
Euro-Dollar's Recent Developments
The Euro-Dollar pair saw an increase of 0.3% in the latest session. The RSI indicator points towards an overbought market.
Pound's Positive Movement
The Pound experienced a 0.4% gain against the dollar in the last session. The Ultimate Oscillator is providing a positive signal.
Bitcoin's Overbought Market
Bitcoin, in its pairing with the dollar, witnessed a 0.2% rise in the last session. The Williams indicator suggests an overbought market condition.
Global Financial Headlines
European shares show restraint after a robust week, with Bayer's slide impacting the healthcare sector. The US Justice Department is negotiating a resolution with Binance, potentially involving over $4 billion and legal implications for its founder. OpenAI welcomes EMT Shear as interim CEO, with Sam Ultman transitioning to a supportive role for Microsoft.
Upcoming Economic Highlights
Key economic releases to watch for today:
• US Chicago Fed National Activity Index - 1330 GMT
• US Redbook Index - 1355 GMT
• US Existing Home Sales - 1500 GMT
• Finland's Unemployment Rate - 0600 GMT
• UK Public Sector Net Borrowing - 0700 GMT
• Australia's RBA Meeting Minutes - 0030 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
