

Daily Global Market Update August 30th, 2024

GBP/USD's Minor Dip The pound-dollar pair experienced a slight decrease of 0.1% in the last session. The Stochastic RSI is signalling a negative outlook. Bitcoin's Explosive Growth The Bitcoin-dollar pair surged by 1% in the last session. The Stochastic RSI indicates an oversold market. Oil's Significant Uptick The oil-dollar pair exploded 2% in the last session. The MACD is giving a negative signal, contrasting with the price movement. AUD/USD Pair's Slight Gain The Aussie dollar gained 0.2% against the US dollar in the last session. The Ultimate Oscillator is giving a positive signal, aligning with the price movement. Global Financial Headlines Ether exchange-traded funds (ETFs) have seen positive inflows for the first time in over two weeks, with the nine US ether ETFs recording a cumulative $5.9 million worth of net positive inflows. This marks the first green day since 14 August. Gold prices gained around 1%, fueled by strong expectations of a Federal Reserve rate cut in September. Investors are focusing on US inflation data for further insights on the potential size of the cut. Oil prices rose by more than a dollar a barrel as supply disruptions in Libya and plans to lower output in Iraq raised concerns of a tightening market. Brent crude futures were up around 1.3%. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Euro Zone's Harmonised Index of Consumer Prices - 0900 GMT • Japan's Annualised Housing Starts - 0500 GMT • US Personal Income - 1230 GMT • US Personal Spending - 1230 GMT • Germany's Retail Sales - 0600 GMT • Japan's Construction Orders - 0500 GMT

Learn more

Publication date:

2024-08-30 08:19:02 (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.