

Daily Global Market Update August 2nd, 2024

Pound-Dollar's Recent Performance The pound dropped by 0.8% against the dollar in the last session. The MACD is giving a negative signal. Bitcoin's Modest Gain Bitcoin rose by 0.3% against the dollar in the last trading session. The MACD is giving a negative signal. Oil-Dollar Pair's Decline The oil-dollar pair plummeted by 2% in the last session. The Stochastic indicator is giving a positive signal. AUD/USD Pair's Decline The AUD/USD pair fell by 0.7% in the last session. The ROC is giving a negative signal. Global Financial Headlines Crypto.com has surpassed Coinbase Exchange in trading volume, boosted by a growing list of institutional clients and the launch of the first spot Ether exchange-traded funds in the United States. Crypto.com saw a 23% increase in reported 24-hour trading volume, rising to $3.16 billion on August 1st. The Bank of England cut interest rates from a 16-year high after a tight vote by its policymakers, who were split over whether inflation pressures had eased sufficiently. Governor Andrew Bailey led the 5 to 4 decision to reduce rates by a quarter point to 5% and said the BoE would move cautiously going forward. Oil prices settled more than $1 lower as global supply seemed largely unaffected by worries of a wider Middle East crisis after the killing of a Hamas leader in Iran and as investors refocused on demand concerns. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • French Industrial Output - 0645 GMT • French Non-Farm Payrolls - 0645 GMT • US Average Hourly Earnings - 1230 GMT • Australia's Producer Price Index - 0130 GMT • Japan's CFTC JPYNC Net Positions - 1930 GMT • UK's CFTC GBPNC Net Positions - 1930 GMT

Learn more

Publication date:

2024-08-19 15:11:05 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.