Daily Global Market Update

The Euro gained 0.2% against the dollar, while the USD/JPY remained stable. Gold rose by 0.8%, despite mixed technical signals. Google stocks increased by 0.3%. Global markets reacted to a weakening dollar, UK economic growth, and rising oil prices.

Euro Gains Against Dollar

The Euro saw an uptick of 0.2% against the dollar in the last session. The MACD's positive signal aligns with our overall technical analysis.

 

 

Stable Yen Against Dollar

The USD/JPY pair remained largely unchanged in the last session. The MACD indicates a negative outlook, suggesting caution.

 

 

Gold's Upward Trend

Gold appreciated by 0.8% against the dollar in the recent session. Despite the Stochastic RSI's negative signal, gold's performance contradicts our overall technical analysis.

 

 

Google Stocks Continue to Climb

Google's stock experienced a modest increase of 0.3% in the last session. The RSI's positive signal suggests a bullish outlook.

 

 

Global Financial Headlines

The dollar weakened following a rise due to hotter-than-expected US inflation data, as investors awaited further economic indicators that might influence Federal Reserve rate cuts. The UK's economy showed signs of growth in January after a brief recession, signaling potential relief for Prime Minister Rishi Sunak. Oil prices have increased due to expected strong global demand, particularly from the US, despite persistent inflation.

 

Upcoming Economic Highlights

Today's key economic releases include:

• US Retail Sales - 1230 GMT

• US Initial Jobless Claims - 1230 GMT

• UK RICS Housing Price Balance - 0001 GMT

• US Producer Price Index - 1230 GMT

• Spain's Harmonized Index of Consumer Prices - 0800 GMT

• Finland's Consumer Price Index - 0600 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.
ATFX | 6h 1min ago
The yen is advancing on three fronts

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FxPro | 1 day ago
Global Bond Selloff, Eyes on Central Banks & US ADP

Global Bond Selloff, Eyes on Central Banks & US ADP

The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX | 2 days ago