Daily Global Market Update
Oil's Slight Gain
Oil experienced a marginal increase of 0.2% against the dollar in the last session. The Stochastic RSI suggests a bullish outlook for the commodity.
Aussie Dollar's Steady Performance
The Australian dollar traded sideways in the last session, with the Stochastic RSI indicating a divergence from our overall technical analysis.
Euro Dollar's Sideways Movement
The Euro Dollar pair traded sideways in the last session, with the CCI giving a positive signal, suggesting potential upward momentum.
Dollar Yen's Positive Outlook
The Dollar Yen pair traded sideways in the last session, with the MACD indicator providing a positive signal in line with our overall technical analysis.
Global Economic Insights
IMF's Managing Director, Kristalina Georgieva, remains optimistic about the global economy's resilience amid geopolitical uncertainties. Jeff Bezos has initiated a significant share sell-off plan from Amazon, liquidating around $2 billion worth. The US trade deficit's dynamics are shifting, highlighting the country's growing stature as a major oil exporter.
Today's Economic Events
Important economic releases to watch include the US Monthly Budget Statement, Japan's Producer Price Index, and the UK's and Japan's CFTC net positions, among others.
• US Monthly Budget Statement - 1900 hours GMT
• Japan's Producer Price Index - 2350 GMT
• Japan's CFTC JPY NC Net Positions - 2030 GMT
• Finland's Current Account - 0600 hours GMT
• US 3-Month Bill Auction - 1630 GMT
• UK's CFTC GBP NC Net Positions - 2030 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
