Daily Global Market Update

Euro dips 0.2%, CCI signals negative. Dollar rises 0.9% vs. Yen, RSI negative. Gold down 0.4%, Stochastic RSI positive. Amazon gains 1.2%, overbought. Global banks predict 2024 economic slowdown due to high rates and energy costs. Upcoming economic highlights include French Business Climate, Japan's CPI, and more.
Moneta Markets | 1081 hari yang lalu

Euro's Minor Downward Correction

The Euro-Dollar pair exhibited a slight downward adjustment, dropping 0.2% in the last session. Despite this, the CCI is issuing a negative signal, which contradicts our overall technical analysis.

 

 

Dollar's Rise Against Yen

The Dollar appreciated by 0.9% against the Yen in the previous trading session. The RSI is currently indicating a negative trend for this pair.

 

 

Gold's Slight Decline

Gold witnessed a decrease of 0.4% against the dollar in the last session. Contrarily, the Stochastic RSI is providing a positive signal for this commodity.

 

 

Amazon's Stock Surge

Amazon's stock enjoyed a gain of 1.2% in the last session. According to the Williams indicator, the market is currently in an overbought state.

 

 

Global Financial Headlines

Major banks worldwide predict a further easing in global economic growth in 2024, influenced by high interest rates, increased energy costs, and a slowdown in the world's two largest economies. The global economy is expected to grow by 2.9% this year, with a projected deceleration to 2.6% next year. Amid these forecasts, world shares show mixed performance in cautious trading, with varying outcomes across major financial centers. European banks are facing increasing challenges due to loan defaults and reduced lending volumes, exacerbated by rising interest rates affecting the region's financial system, as noted by the European Central Bank.

 

Upcoming Economic Highlights

Here's a quick overview of today’s key economic releases:

• French Business Climate in Manufacturing - 0745 GMT

• Japan's National Consumer Price Index - 2330 GMT

• Japan's Foreign and Bond Investment - 2350 GMT

• Japan's Foreign Investment in Japan Stocks - 2350 GMT

• New Zealand's Retail Sales - 2145 GMT

• Singapore's Consumer Price Index - 0500 GMT

Moneta Markets
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Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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