Daily Global Market Update

Euro-dollar stable with a positive ROC, dollar-yen slightly up, gold down 0.5% with negative RSI, Tesla's stock dipped 1.1%, global finance: dollar strong, yen weak, emerging markets faltering due to China, UK hints at rate plateau, economic data releases expected.
Moneta Markets | 1158 hari yang lalu

Euro Dollar Outlook

The euro-dollar price remained largely unchanged in the last session. The ROC suggests a positive turn in the market.

 

 

Dollar Yen's Incremental Rise

The dollar-yen pair saw a minor uptick during its recent trading session, notching up by 0.1%. CCI's analysis pinpoints an overbought market scenario.

 

 

Gold's Descent

Gold saw a decline of 0.5% against the dollar in the previous trading day. RSI's analysis indicates a negative sentiment.

 

 

Tesla's Stock Performance

Tesla's stock dipped by 1.1% in the recent trading session. The RSI highlights a positive outlook, aligning with the broader technical analysis.

 

 

Global Financial Snapshots

The dollar, amidst global growth concerns and China's influence, holds near a six-month peak. Concurrently, the yen approaches a 10-month nadir, prompting Japan's leading currency diplomat to issue a stern advisory. Emerging market stocks are on a downtrend, primarily due to Chinese equities' underperformance ahead of domestic trade releases. In contrast, the widespread anxiety over global growth is causing emerging market currencies to lag against the steadfast dollar. Bank of England's Governor, Andrew Bailey, intimated that the UK's interest rates might soon plateau. This sentiment arises from the forecasted inflation drop, hinting at the possible cessation of the bank's fastest tightening cycle in 30 years.

 

Economic Data Releases

Anticipated economic announcements include:

• U.S Unit Labour Costs - 1230 GMT

• Japan's Current Account - 2350 GMT

• Germany's Industrial Production - 0600 hours GMT

• Australia's Trade Balance - 0130 GMT

• Japan's Gross Domestic Product - 2350 GMT

• Australia's Exports - 0113 GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
baca selengkapnya
Stocks sink amid AI wipeout, dollar shines ahead of NFP

Stocks sink amid AI wipeout, dollar shines ahead of NFP

Nasdaq leads equity losses as AI outlook dims on fears of datacentre revolt. AI rout deepens in Asia but US futures point to some easing in selloff. Gold’s rebound hits a wall as traders turn to the safety of US dollar. Attention to turn to NFP report as December rate hike bets fade.
XM Group | 2 hari yang lalu
The dollar saves the day

The dollar saves the day

The dollar rebounds as the AI-driven S&P 500 sell-off boosts safe-haven demand, while the BoE’s first hike since 2023 fails to support the pound.
FxPro | 2 hari yang lalu
Tech Stocks Lead US Selloff Ahead of Payrolls

Tech Stocks Lead US Selloff Ahead of Payrolls

AI-related shares led the worst US equity session since 2020 as investors feared tighter oversight of AI and data-center buildout following the midterm results; Truist called it a “buyers’ strike in tech.” The selloff is spreading beyond Wall Street: Korean chipmakers fell about 10% before the open, the Kospi dropped below 5,000, CoreWeave’s five-year credit default swap widened to a record
ATFX | 2 hari yang lalu