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Daily Global Market Update September 10th, 2024

Gold's Positive Movement The Gold/Dollar pair gained 0.3% in the last session. The Commodity Channel Index (CCI) is giving a positive signal. Euro's Decline Against the Dollar The EUR/USD pair dropped 0.4% in the last session. The Williams Percent Range indicator suggests an oversold market. Pound's Downward Movement The GBP/USD pair dropped 0.4% in the last session. The Ultimate Oscillator is giving a negative signal. Bitcoin's Significant Rise The Bitcoin/Dollar pair skyrocketed 4.8% in the last session. The Stochastic indicator is giving a positive signal. Global Financial Headlines Wall Street's three major indexes gained more than 1% as investors sought bargains after the previous week's selloff. They are also awaiting inflation reports and the Federal Reserve's next policy decision. Cryptocurrency exchange GVT has secured a contractual agreement of $3.3 billion in monthly trading volume from popular market makers ahead of its anticipated main net launch. Boeing shares rose 3.7% after the plane maker and its biggest union reached a tentative deal covering more than 32,000 workers, marking the first major negotiation by new CEO Kelly Ortberg. Upcoming Economic Highlights Key economic events to look out for include: • US NFIB Business Optimism Index - 10:00 GMT • Dutch Consumer Price Index - 04:30 GMT • US Red Book Index - 12:55 GMT • UK Employment Change - 06:00 GMT • UK Claimant Count Change - 06:00 GMT • Germany's Harmonised Index of Consumer Prices - 06:00 GMT

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Publication date:

2024-09-10 07:17:11 (GMT)

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