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Daily Global Market Update, September 24th, 2024

Gold's Positive Movement Gold gained 0.3% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a positive signal. Euro's Decline Against the Dollar The EUR/USD pair fell 0.4% in the last trading session. The Williams Percent Range indicator is giving a negative signal. Pound's Slight Increase The GBP/USD pair experienced a slight increase of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal. Bitcoin's Volatile Session The BTC/USD pair dropped 0.2% in the last session after rising as much as 1.8% during the session. The Rate of Change (ROC) indicator is giving a negative signal. Global Financial Headlines Wall Street's main indexes rose as investors assessed whether a trend will develop in the week following the Federal Reserve's rate cut. The gains come amid comments from Fed policymakers and steady factory activity data, building on last week's sharp market rally after the central bank's decision to lower interest rates. Chinese Bitcoin miners still control the lion's share of the global network despite the country's ban on cryptocurrencies. Over 55% of the Bitcoin mining network is still controlled by Chinese mining pools, according to the CEO of CryptoQuant. Shares of Donald Trump's media company tumbled over 5% to a new low, extending recent losses after restrictions on insider selling expired. Six straight sessions of declines in the company, which is 57% owned by the Republican presidential candidate, have left its market capitalisation at $2.5 billion. Upcoming Economic Highlights Key economic events to look out for include: • US Red Book Index - 1255 GMT • Germany's ifo Business Climate - 0800 GMT • Japan's Jibun Bank Manufacturing PMI - 0030 GMT • US Consumer Confidence - 1400 GMT • Australia's RBA Rate Statement - 0430 GMT • Germany's ifo Current Assessment - 0800 GMT

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Publication date:

2024-09-24 07:13:51 (GMT)

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