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Daily Global Market Update July 30th, 2024

Gold's Decline The gold-dollar pair experienced a drop of 0.5% in the last session. The MACD indicator is giving a negative signal. Euro/USD Pair's Minor Dip The EUR/USD pair saw a slight dip of 0.2% in the last session. The RSI is giving a negative signal. Pound/USD Pair's Sideways Trading The GBP/USD pair traded sideways in the last session. The Stochastic indicator is showing a negative signal. Bitcoin's Significant Drop Bitcoin fell by 1.5% against the dollar in the last session. The Stochastic RSI is indicating a negative signal. Global Financial Headlines The S&P 500 closed barely higher after a choppy trading session, as investors awaited major technology company earnings, a Federal Reserve policy decision on interest rate cuts, and key US labour data due this week. Solana's price is set to end July with a 30% monthly return and is poised to challenge its yearly high of around $210 over the coming weeks. Despite recent pullbacks, the S&P 500 Tech sector is trading near a two-decade high reached earlier this month, with a focus on valuations of tech giants like Nvidia and Microsoft. Upcoming Economic Highlights Today's major economic events include: • French Gross Domestic Product - 0530 GMT • Eurozone Business Climate - 0900 GMT • UK 10-Year Bond Auction - 0900 GMT • US JOLTS Job Openings - 1400 GMT • Japan Large Retailer Sales - 2350 GMT • Australia Retail Sales - 1300 GMT

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Publication date:

2024-07-30 07:41:45 (GMT)

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