Daily Global Market Update

GBP strengthened 0.5%, Bitcoin rose 1.1%, Oil dropped 2.5%, AUD slightly recovered 0.1%. Binance faces UK re-entry hurdles, Bank of England holds rates amid split vote. Global factors include Fed hints at rate cuts and China's property sector support. Key events: UK and Japan CFTC net positions, US earnings and payrolls, Spain's unemployment change, and Australia's Producer Price Index.
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Pound's Steady Climb

The GBP/USD pair witnessed a 0.5% surge against the dollar in the latest session. The CCI indicator is currently suggesting a positive outlook.

 

 

Bitcoin's Bullish Session

Bitcoin demonstrated a robust performance by gaining 1.1% against the dollar, with an intraday high of 1.5%. The MACD indicator aligns with this bullish momentum.

 

 

Oil's Downward Trend

The Oil/USD pair plunged 2.5% in the recent session, with the RSI indicating a bearish signal.

 

 

AUD's Slight Recovery

The AUD/USD pair made a minor upward correction, appreciating by 0.1%. The CCI indicates that we are currently in an oversold market.

 

 

Global Financial Headlines

Binance faces hurdles as it seeks re-entry into the UK market amidst regulatory challenges. Meanwhile, the Bank of England's interest rate decision came as anticipated, following a three-way split in voting. Globally, oil prices received a nudge from the Federal Reserve's hints at rate cuts and China's new support measures for its property sector.

 

Today's Economic Events

A glance at today's key economic releases:

• UK's CFTC GBP NC net positions - 2030 GMT

• Japan's CFTC JPY NC net positions - 2030 GMT

• US Average Hourly Earnings - 1330 GMT

• US Non-Farm Payrolls - 1330 GMT

• Spain's Unemployment Change - 0800 GMT

• Australia's Producer Price Index - 0030 GMT

Förordning: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector.
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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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