Daily Global Market Update

Euro-dollar down 0.1%, dollar up 0.3% vs. yen, gold stable, Google -2.9%; USD gains post-Fed, China-Russia ties, UK inflation; Today: UK/Netherlands/Eurozone consumer confidence, Japan CPI, US jobless claims, UK monetary policy summary. Williams indicator suggests oversold euro-dollar.

Euro-Dollar Movement

The euro-dollar pair witnessed a slight dip of 0.1% during its previous trading session. According to the Williams indicator, there's an inclination towards an oversold market.

 

 

Dollar's Ascendance against Yen

In the last session, the dollar ascended by 0.3% versus the yen. The Rate of Change (ROC) indicator is showcasing a bullish momentum.

 

 

Gold's Stable Performance

Gold, paired with the dollar, demonstrated a flat trajectory in its latest trading session. The MACD points towards a bullish sign, consistent with the overall technical reading.

 

 

Google Shares' Downward Shift

In the preceding session, Google shares slumped by 2.9%. The MACD suggests a bearish tone.

 

 

Major Global News

In the wake of the Federal Reserve's decision to maintain interest rates, the US dollar gained traction against other major currencies. Furthermore, the Fed displayed a hawkish tilt with an expected rate hike by the close of the upcoming year. Amid geopolitical tensions following Russia's incursion into Ukraine, China champions heightened trade and investment collaboration with its ally, Russia, irrespective of Western scepticism. Meanwhile, after disappointing inflation data from the UK, speculators have revised their bets concerning the Bank of England's rate increase prospects.

 

Economic Calendar Highlights

Stay tuned for today's economic releases:

• UK's GFK Consumer Confidence - 2301 hours GMT

• The Netherlands' Consumer Confidence - 0430 hours GMT

• Eurozone's Consumer Confidence - 1400 hours GMT

• Japan's National Consumer Price Index - 2330 GMT

• U.S Initial Jobless Claims - 1230 GMT

• UK's Monetary Policy Summary - 1100 hours GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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