Daily Global Market Update

Oil-dollar pair trades sideways; Aussie, euro, and dollar yen prices steady. Gold hits record amid Middle East tensions; US Steel acquisition progresses. US Energy shares surge. Today's key events: US Retail Sales, NAHB Housing Market Index.
Moneta Markets | 936 hari yang lalu

Oil-Dollar Pair's Sideways Trade

The oil-dollar pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

 

 

Aussie Dollar's Unchanged Price

The Aussie dollar price remained largely unchanged in the last session. The MACD is giving a negative signal, consistent with our overall technical analysis.

 

 

Euro Dollar's Unchanged Price

The euro dollar price remained largely unchanged in the last session. According to the RSI, we are in an oversold market.

 

 

Dollar Yen's Steady Price

The dollar yen price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal, aligning with our overall technical analysis.

 

 

Global Financial Headlines

Gold prices rose above $2,400 per ounce to an all-time high last week, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe haven asset. US Steel shareholders approved its proposed $14.9 billion acquisition by Japan's Nippon Steel as expected, taking the merger one step closer to completion, even as political opposition to the deal mounts. US Energy shares are soaring as investors benefit from rising oil prices and a stronger than expected economy. The S&P 500 energy sector is up about 177% in 2024, roughly doubling the broader index's year-to-date return.

 

Upcoming Economic Highlights

Here's a brief rundown of today's most important economic events:

• US Retail Sales - 1230 GMT

• US NAHB Housing Market Index - 1400 GMT

• US 3-Month Bill Auction - 1530 GMT

• US 6-Month Bill Auction - 1530 GMT

• Finland's Consumer Price Index - 5000 GMT

• Eurozone's Industrial Production - 900 GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
baca selengkapnya
Stocks sink amid AI wipeout, dollar shines ahead of NFP

Stocks sink amid AI wipeout, dollar shines ahead of NFP

Nasdaq leads equity losses as AI outlook dims on fears of datacentre revolt. AI rout deepens in Asia but US futures point to some easing in selloff. Gold’s rebound hits a wall as traders turn to the safety of US dollar. Attention to turn to NFP report as December rate hike bets fade.
XM Group | 1 hari yang lalu
The dollar saves the day

The dollar saves the day

The dollar rebounds as the AI-driven S&P 500 sell-off boosts safe-haven demand, while the BoE’s first hike since 2023 fails to support the pound.
FxPro | 1 hari yang lalu
Tech Stocks Lead US Selloff Ahead of Payrolls

Tech Stocks Lead US Selloff Ahead of Payrolls

AI-related shares led the worst US equity session since 2020 as investors feared tighter oversight of AI and data-center buildout following the midterm results; Truist called it a “buyers’ strike in tech.” The selloff is spreading beyond Wall Street: Korean chipmakers fell about 10% before the open, the Kospi dropped below 5,000, CoreWeave’s five-year credit default swap widened to a record
ATFX | 1 hari yang lalu