Daily Global Market Update
Oil's Downward Trajectory
The oil-dollar pair experienced a significant drop of 1.6% in the last session. The Stochastic indicator currently points to a negative outlook for the market.
Aussie Dollar's Stability
The Aussie dollar showed little change in the previous session. The CCI indicates that we are currently in an overbought market.
Euro's Sideways Movement
The euro-dollar pair traded sideways in the last session. The MACD is signaling a negative trend, in line with our technical analysis.
Dollar-Yen Pair's Steady Course
The dollar-yen pair remained steady in the last session. The Ultimate Oscillator is giving a negative signal, aligning with our overall market analysis.
Global Economic Insights
Japan continues to grapple with inflation, primarily driven by cost-push factors, as noted by Bank of Japan board member Asahi Nuchi. This suggests a continued ultra-loose monetary policy. In corporate news, Tencent-backed Prao, a Healthcare and Diagnostics app, is aiming for profitability next fiscal year and is considering an IPO. The OECD has warned of a deepening slowdown in advanced economies, with growth not expected to pick up until 2025.
Today's Major Economic Events
Here's a snapshot of today's key economic releases:
• US Factory Orders - 1500 hours GMT
• US 3-Month Bill Auction - 1630 hours GMT
• Germany's Trade Balance - 0700 hours GMT
• Germany's Exports - 0700 hours GMT
• Japan's Tokyo Consumer Price Index - 2330 GMT
• Japan's Tokyo CPI - 2330 GMT
EBC Markets Briefing | "Blue Wave" poised to sweep across stock markets
Stocks sink amid AI wipeout, dollar shines ahead of NFP
US Payrolls in Focus as Wall Street Rout and Falling Yields Cap the Dollar | 6th November, 2026
Week Ahead – Inflation and geopolitics in focus as US political landscape shifts
The dollar saves the day
Tech Stocks Lead US Selloff Ahead of Payrolls
Technical Analysis – USDJPY stays rangebound, pinned at support near 158.00
