Gold's Minor Uptick
The Gold/USD pair experienced a slight increase of 0.1% in the last trading session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
Euro's Upward Movement
The EUR/USD pair saw a notable rise of 0.4% in the last session. However, the Moving Average Convergence Divergence (MACD) is currently signalling a negative trend.
Pound's Significant Gain
The GBP/USD pair experienced a substantial increase, gaining 0.6% in the last session. The Commodity Channel Index (CCI) suggests that the market is currently overbought.
Bitcoin's Sharp Decline
The BTC/USD pair plummeted by 2.2% in the last session. The Commodity Channel Index (CCI) is indicating a negative signal, aligning with the overall market movement.
Global Financial Headlines
Technology stocks weighed on the NASDAQ and the S&P 500 on Monday as cautious investors awaited a crucial monetary policy decision from the Federal Reserve later in the week. Most traders have priced in a significant reduction in borrowing costs. Tether's US dollar-denominated stablecoin now controls 75% of the entire stablecoin market, following substantial adoption over the past two years. Shares of Apple fell nearly 3% after some analysts suggested that delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.
Upcoming Economic Highlights
Key economic events to look out for include:
• US Retail Sales - 12:30 GMT
• US Industrial Production - 13:15 GMT
• Germany's ZEW Survey Current Situation - 09:00 GMT
• Germany's ZEW Survey Economic Sentiment - 09:00 GMT
• Japan's Exports - 23:50 GMT
• Japan's Imports - 23:50 GMT
Publication date:
2024-09-17 10:24:24 (GMT)
Challenges