Daily Global Market Update

EUR/USD is trending positive, gold price surges against USD, and Alibaba stock rises. Yen falls to a 38-year low, while US stock markets hit record highs. Watch out for upcoming economic releases from Japan, Australia, and Germany.

EUR/USD's Positive Trend

The Euro gained 0.3% against the dollar in the last session. The RSI is giving a positive signal.

 

 

USD/JPY's Market Indecision

The Dollar-Yen pair traded sideways in the last session. The ROC is giving a negative signal.

 

 

Gold's Strong Uptrend Against USD

The gold-dollar pair exploded 1.1% in the last session. According to the CCI, we are in an overbought market.

 

 

Alibaba's Stock Rise

Alibaba stock gained 1.8% in the last session. The CCI is giving a positive signal.

 

 

Global Financial Headlines

Yen hits a 38-year low against the US dollar; S&P 500 and NASDAQ reach record highs, fueled by data suggesting a potential slowdown in the economy, bolstering hopes for an upcoming Fed rate cut.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Monetary Base - 2350 GMT

• Japan's JP Foreign Reserves - 2350 GMT

• Australia's Trade Balance - 0130 GMT

• Germany's Factory Orders - 0600 GMT

• Japan's Overall Household Spending - 2330 GMT

• Australia's Imports - 0130 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
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 | 3 days ago
The yen is advancing on three fronts

The yen is advancing on three fronts

The yen surged on three simultaneous tailwinds: BoJ rate hike expectations rising to 90% with speculation of a 50bp move, rumours of currency intervention, and an extraordinary GPIF meeting fuelling speculation of a portfolio shift toward domestic bonds. Falling Treasury yields and weak ADP data added further pressure on the dollar, pushing USDJPY sharply lower.
FxPro | 3 days ago