Daily Global Market Update
Gold's Minor Upward Correction
The gold-dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a negative signal.
Euro's Minor Upward Correction
The euro-dollar pair made a minor upward correction in the last session, gaining 0.2%. The Ultimate Oscillator is giving a negative signal.
Pound's Rise Against Dollar
The pound rose 0.3% against the dollar in the last session. The MACD is giving a negative signal.
Bitcoin's Significant Gain
The Bitcoin-dollar pair skyrocketed 4.1% in the last session. The Stochastic RSI is giving a positive signal.
World Financial News
Federal Reserve officials expressed continued faith in US inflation, particularly with housing price increases expected to help lower the headline pace of price increases. However, there is a growing sense of caution in the debate. Grayscale Bitcoin Trust recorded $1.9 billion in outflows last week, tipping the group of US spot Bitcoin exchange-traded funds into net outflows. Nissan announced plans to launch 30 new models over the next 3 years and aims to raise its global sales by 1 million vehicles, targeting an operating profit margin of over 6% by March 2027 and total shareholder returns of more than 30%.
Major Economic Events
Here are today's major economic events:
• US Consumer Confidence - 1400 GMT
• US Durable Goods Orders - 1230 GMT
• US Non-Defense Capital Goods Orders - 1230 GMT
• Germany's GfK Consumer Confidence Survey - 0700 GMT
• Spain's Gross Domestic Product - 0800 GMT
• Irish Consumer Confidence - 0001 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
