Daily Global Market Update

Euro-Dollar traded sideways, ROC negative. Dollar-Yen plunged 1.7%, MACD negative. Gold soared 1.5%, ROC negative. Microsoft fell 0.5%, MACD negative. Yen strengthens sharply after Bank of Japan's rate hike, markets await Fed hints on rate cuts. Eurozone inflation ticks up but expectations for ECB rate cut remain.
Moneta Markets | 828 hari yang lalu

Euro-Dollar's Sideways Movement

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

 

 

Dollar-Yen Pair's Plummet

The dollar-yen pair plummeted 1.7% in the last session. The MACD is giving a negative signal.

 

 

Gold's Skyrocket

The gold-dollar pair skyrocketed 1.5% in the last session. The ROC is giving a negative signal.

 

 

Microsoft's Stock Drop

Microsoft's stock dropped by 0.5% in the last session. The MACD is giving a negative signal.

 

 

Global Financial Headlines

The Bank of Japan's move to raise interest rates to their highest in 15 years has jolted the yen to its strongest against the dollar since March and left it poised for further gains. Japan's Ministry of Finance spent $37 billion in the foreign exchange market to prop up their currency this month. The NASDAQ and the S&P 500 jumped around 2% as investors hoped for hints from the Federal Reserve on the timing of rate cuts. A bullish forecast from AMD boosted chip stocks, while Microsoft slipped after a higher spending forecast. Eurozone inflation unexpectedly edged up in July, although a widely watched gauge of price growth in the services sector eased. Wednesday's figures did not seem to derail market expectations for an interest rate cut by the European Central Bank in September.

 

Upcoming Economic Highlights

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

• Australia's Trade Balance - 0130 GMT

• Japan's Monetary Base - 2350 GMT

• Australia's Exports - 0130 GMT

• US Initial Jobless Claims - 1230 GMT

• Japan's Jibun Bank Manufacturing PMI - 0300 GMT

• Dutch Retail Sales - 0430 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