

Daily Global Market Update August 14th, 2024

Bitcoin's Upward Momentum The Bitcoin-USD pair gained 2% in the last session, after rising as much as 3.6% during the session. The Stochastic indicator is giving a positive signal. Apple's Stock Rise Apple shares rose 1% in the last session. The Williams indicator suggests an overbought market. AUDUSD Pair's Gain The last session saw the Aussie gain 0.7% against the dollar. The Williams indicator suggests an overbought market. Gold's Slight Dip Gold dropped 0.4% against the dollar in the last session. According to the Stochastic RSI, we are in an overbought market. Global Financial Headlines Brent and US crude oil futures fell as markets saw reduced risk of a wider war in the Middle East, with Iran yet to act on threats to retaliate against Israel for the assassination of a Hamas official in Iran. The yen remained weak for a second straight day, and the dollar softened against the rest of its peers in calmer trading as markets await US inflation data that could indicate the outlook for Federal Reserve interest rate cuts. The Canadian cryptocurrency trading platform eBTC and its founder David Smillie allegedly defrauded customers by misappropriating approximately $9.5 million of their cryptocurrency investments and using the funds for gambling. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US Consumer Price Index - 1230 GMT • UK Consumer Price Index - 0600 GMT • Japan's Gross Domestic Product - 2350 GMT • Eurozone's Industrial Production - 0900 GMT • Japan's Gross Domestic Product (Annualised) - 2350 GMT • Eurozone's Employment Change - 0900 GMT

Learn more

Publication date:

2024-08-19 15:12:16 (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.