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Daily Global Market Update September 18th, 2024

Bitcoin's Significant Surge The Bitcoin/USD pair experienced a remarkable surge, skyrocketing by 3.55% in the last session. The RSI is currently giving a positive signal, aligning with the overall bullish trend. Nike's Positive Performance Nike shares gained 0.7% in the last session. The Williams %R indicator is giving a positive signal, suggesting potential for further upside. Australian Dollar's Stability The Australian Dollar price remained largely unchanged in the last session. However, the RSI is giving a positive signal, indicating potential upward momentum. Gold's Slight Decline The last session saw gold drop 0.5% against the dollar. Despite this decline, the RSI is giving a positive signal, suggesting potential for a rebound. Global Financial Headlines Oil prices rose by a dollar a barrel as supply disruptions mounted and traders bet on demand growth if the US Federal Reserve lowers borrowing costs this week, as widely expected. The US dollar strengthened against most major currencies following better-than-expected retail sales data, seemingly supporting a less aggressive stance by the Federal Reserve. Tether's stablecoin USDT has surpassed $1 billion in circulating supply on the TON network, underscoring USDT's dominance among US dollar-backed stablecoins and TON chain's rising popularity. Upcoming Economic Highlights Key economic events to look out for include: • US Fed Interest Rate Decision - 18:00 GMT • US FOMC Press Conference - 18:30 GMT • Eurozone's Harmonised Index of Consumer Prices - 09:00 GMT • Austrian HICP - 07:00 GMT • UK's Consumer Price Index - 06:00 GMT • UK Core Consumer Price Index - 06:00 GMT

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Publication date:

2024-09-18 12:11:25 (GMT)

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