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
Publication date:
2024-08-30 08:19:02 (GMT)
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