Daily Global Market Update

Oil prices (CL1!) dropped 2.6%, Aussie dollar (AUDUSD) flat but oversold, Euro (EURUSD) steady with positive signal, Yen (USDJPY) unchanged with positive signal. China's fuel imports down, tech outage disrupts markets. US economic data and Eurozone meeting eyed today.

Oil-Dollar Pair's Sharp Decline

The oil-dollar pair (CL1!) plummeted by 2.6% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Aussie Dollar's Sideways Movement

The Aussie dollar (AUDUSD) traded sideways in the last session. The CCI indicates that we are in an oversold market.

 

 

Euro-Dollar's Steady Stance

The Euro-Dollar pair (EURUSD) remained largely unchanged in the last session. The ROC is giving a positive signal.

 

 

Dollar-Yen's Unchanged Value

The Dollar-Yen price (USDJPY) remained largely unchanged in the last session. The CCI is giving a positive signal.

 

 

Global Financial Headlines

China's total fuel imports slipped 11% in the first half of 2024 amid weak refining margins and poor fuel demand. A global tech outage linked to a software update by cybersecurity firm CrowdStrike disrupted millions of Microsoft devices, affecting various services and causing stock indexes to falter.

 

Upcoming Economic Highlights

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

• US Chicago Fed National Activity Index - 1230 GMT

• US 3-Month Bill Auction - 1530 GMT

• Germany's Retail Sales - 0600 GMT

• Eurozone's Eurogroup Meeting - 0700 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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EUR/USD Holds Its Rising Channel as 1.1641 Breakout Awaits ECB and U.S. CPI

EUR/USD Holds Its Rising Channel as 1.1641 Breakout Awaits ECB and U.S. CPI

EUR/USD is trading around 1.1626 inside a rising 4-hour channel that has developed from the September swing low near 1.1584. Price remains above the rising 200-period WMA near 1.1597 and has recovered above the Bollinger basis, preserving the short-term sequence of higher reaction lows. The setup is constructive, but not yet impulsive.
Errante | 11h 49min ago
Gold, EURUSD, OIL

Gold, EURUSD, OIL

US CPI data Set to Dictate Gold’s direction; ECB rate decision and EURUSD: Policy guidance in focus; Middle East conflict elevate WTI Crude oil
XM Group | 13h 31min ago
US Payrolls Hit 5-Month High as Markets Await CPI This Week.

US Payrolls Hit 5-Month High as Markets Await CPI This Week.

U.S. and Canadian markets are closed for the holidays. With investors digesting nonfarm data and Middle East tensions high, traders should watch for unusual price swings amid low liquidity. Eurozone Q2 GDP is expected to be 0.4%, which could affect Thursday’s ECB meeting.
ATFX | 15h 51min ago
The dollar is in no hurry to gain ground

The dollar is in no hurry to gain ground

A blowout NFP of 162K failed to lift the dollar as markets held Fed hike bets at 60% and awaited August inflation data. Japan's likely Treasury selling added pressure on yields, while gold weakened as rising real rates undermined the debasement trade.
FxPro | 16h 48min ago
Dollar Strength Meets Geopolitical Risk | 7th September, 2026

Dollar Strength Meets Geopolitical Risk | 7th September, 2026

Global markets face renewed volatility as strong U.S. jobs data boosts Fed rate-hike expectations, pressuring gold while supporting the dollar. Oil climbs near $90 amid escalating U.S.-Iran tensions, while yen strength reflects BoJ tightening bets. Traders now await U.S. inflation data for the next major market direction.
Moneta Markets | 17h 2min ago