cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all
top icon

This website is operated by Moneta Markets Ltd, which is not authorised or regulated by the UK Financial Conduct Authority (FCA) and does not offer or promote services to UK residents. Access to this website is restricted in the UK and the content is not intended for distribution to, or use by, any person located in the UK. If you believe you have reached this website in error, please exit the page now

Daily Global Market Update

Pound's Minor Rise Against the Dollar

The GBP/USD pair experienced a slight increase, rising 0.2% in the last session. The Stochastic indicator is currently signalling a negative trend.



Bitcoin's Significant Drop

The BTC/USD pair plummeted by 3% in the last session. The MACD is currently giving a negative signal, aligning with the recent price action.



Oil's Slight Increase

Oil experienced a marginal increase of 0.1% against the dollar in the last session. The Rate of Change (ROC) indicator is currently giving a negative signal.



Australian Dollar's Upward Movement

The AUD/USD pair gained 0.3% in the last session. However, the Ultimate Oscillator is currently giving a negative signal, suggesting potential caution.



Global Financial Headlines

Crypto lobbying has seen a significant increase over the past few years, with key companies like Coinbase driving advocacy efforts to influence US legislators. Coinbase has increased its lobbying expenditure by 3,475% over the past 7 years. In Europe, shares of major luxury goods companies have fallen sharply due to growing concerns over slowing demand in the key Chinese market, following signs of weakening in the world's second-largest economy. OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in 9 months, adding that it could further pause or reverse the hikes if needed.


Upcoming Economic Highlights

Key economic events to look out for include:

  • Japan's Coincidence Index - 0500 GMT
  • Japan's Leading Economic Index - 0500 GMT
  • UK's CFTC GBP Non-Commercial Net Positions - 1930 GMT
  • Eurozone's Gross Domestic Product - 0900 GMT
  • US Non-Farm Payrolls - 1230 GMT
  • US Average Hourly Earnings - 1230 GMT
open chat