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The Oil/USD pair experienced a substantial drop of 2.5% in the last session, despite gaining as much as 1.1% during the session. The Commodity Channel Index (CCI) indicates that the market is currently oversold.
The AUD/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal.
The EUR/USD pair traded sideways in the last session. The Moving Average Convergence Divergence (MACD) is giving a negative signal.
The USD/JPY price remained largely unchanged in the last session. The Ultimate Oscillator is currently giving a negative signal.
A broadening rally in US stocks is offering an encouraging signal to investors concerned about concentration in technology shares. Markets are awaiting key jobs data and the Federal Reserve's expected rate cuts in September. Inflation in the Eurozone fell to its lowest level in 3 years in August, setting the stage for a further cut in the European Central Bank's interest rates next month, despite an Olympics-driven surge in the price of services. Global stocks edged higher in choppy trading to end last week, marking the fourth consecutive month of gains. This comes despite a bout of heavy selling in early August, buoyed by US economic data that has helped the dollar snap a weeks-long losing streak.
Key economic events to look out for include:
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Moneta Markets is a trading name of Moneta Markets (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa. Company Registration Number: 2016 / 063801 / 07. Contact Phone Number: +27 (10) 1429139. Operational Office: Unit 7, 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa.
Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.
Mmonexia Ltd registered in the Republic of Cyprus with registration number HE436544 and registered address at Archbishop Makarios III, 160, Floor 1, 3026, Limassol, Cyprus. Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.
Moneta Markets Limited. Business Registration Number:72493069. Registration Address: Flat/RM A 12/F ZJ 300, 300 Lockhart Road, Wan Chai, Hong Kong. Contact Phone Number: +852 37522556. Operational Office: Unit 1201, 12/F, FWD Financial Centre, 308 Des Voeux Road Central, Sheung Wan, Hong Kong.
Moneta Markets is a trading name of Moneta Markets (Pty) Ltd, an authorised Financial Service Provider (“FSP”) registered and regulated by the Financial Sector Conduct Authority (“FSCA”) of South Africa under license number 47490 and located at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196, South Africa. Company Registration Number: 2016 / 063801 / 07. Contact Phone Number: +27 (10) 1429139. Operational Office: 31 First Avenue East, Parktown North, Gauteng, Johannesburg, 2193, South Africa.
Moneta Markets is a trading name of Moneta Markets Ltd, registered under Saint Lucia Registry of International Business Companies with registration number 2023-00068.
Mmonexia Ltd, facilitates payment services to the licensed and regulated entities within the Moneta Markets Organizational structure.