

Daily Global Market Update August 13th, 2024

Gold's Significant Surge The Gold/Dollar pair skyrocketed by 1.8% in the last session. The ROC is giving a positive signal, aligning with the overall bullish trend. Euro/Dollar's Minor Correction The Euro/Dollar pair experienced a slight upward correction, rising by 0.1% in the last session. The ROC indicator is giving a positive signal. Pound/Dollar's Slight Increase The Pound/Dollar pair saw a minor rise of 0.1% in the last session. The Stochastic RSI is giving a positive signal. Bitcoin's Volatile Session The Bitcoin/Dollar pair dropped 0.1% in the last session after rising as much as 3.2% during the session. The Stochastic indicator is giving a positive signal. Global Financial Headlines Wall Street stocks struggled for direction as investors braced for a slew of US economic data this week, particularly consumer prices, to gauge the outlook for Federal Reserve monetary policy. Real estate and financials were the top losers among S&P 500 sectors. Marathon Digital Holdings, the world's largest Bitcoin mining firm, has announced a $250 million offering of convertible senior notes due in 2031 in a private offering to qualified institutional buyers. The company is also considering selling an additional $37.5 million in notes to initial purchasers based on market conditions. Ratings agencies S&P and Moody's downgraded JetBlue Airways after the carrier unveiled plans to raise more than $3 billion in debt, majority backed by its loyalty programme TrueBlue. Sales of the New York-based company plummeted 19%. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • UK's Employment Change - 0600 GMT • US NFIB Business Optimism Index - 1000 GMT • Germany's ZEW Survey Current Situation - 0900 GMT • Germany's ZEW Survey Economic Sentiment - 0900 GMT • UK's Claimant Count Change - 0600 GMT • US Producer Price Index - 1230 GMT

Learn more

Publication date:

2024-08-13 07:46:07 (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.