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Daily Global Market Update September 13th, 2024

Pound's Positive Performance The GBP/USD pair gained 0.6% against the dollar in the last session. The Commodity Channel Index (CCI) is giving a positive signal. Bitcoin's Significant Rise The BTC/USD pair skyrocketed 1.4% in the last session. According to the Stochastic RSI, we are in an overbought market. Oil's Upward Trend The Oil/USD pair rose 2.6% in the last session, after gaining as much as 3.5% during the session. The CCI is giving a positive signal. Australian Dollar's Mixed Signals The AUD/USD pair rose 0.7% in the last session. The Stochastic indicator is giving a negative signal. Global Financial Headlines Grayscale Investments, a major cryptocurrency investment firm, is debuting a new crypto trust linked to the XRP cryptocurrency. Grayscale officially announced the creation and public launch of Grayscale XRP Trust, which enables investors to gain exposure to XRP. Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year as policymakers provided little clarity on how willing they were to double down on monetary easing. Oil prices rose more than 1%, extending a rebound spurred by concerns over Hurricane Francine's impact on US output, though a gloomy demand outlook capped gains. Brent crude futures for November were up $0.95 or 1.4%. Upcoming Economic Highlights Key economic events to look out for include: • US Export Price Index - 12:30 GMT • Eurozone's Euro Group Meeting - 07:00 GMT • Japan's Capacity Utilization - 04:30 GMT • Eurozone's Industrial Production - 09:00 GMT • US Michigan Consumer Sentiment Index - 14:00 GMT • UK's Consumer Inflation Expectations - 08:30 GMT

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Publication date:

2024-09-13 08:10:19 (GMT)

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