Daily Global Market Update

Oil-dollar pair crashed 3.4%, oversold. Aussie, euro, and dollar-yen pairs traded sideways with positive signals. Oil prices tumbled on weak US jobs data and China woes. Intel's stock plunged 26%. Recession fears grip Wall Street, Fed rate cut expectations rise. Today's economic highlights include Eurozone PPI, US ISM Services, UK retail sales, and Japan data.
Moneta Markets | 824 hari yang lalu

Oil-Dollar Pair's Plunge

The oil-dollar pair plummeted 3.4% in the last session. According to the CCI, we are in an oversold market.

 

 

Aussie-Dollar Pair's Stability

The Aussie-dollar pair traded sideways in the last session. The MACD is giving a positive signal.

 

 

Euro-Dollar Pair's Sideways Movement

The euro-dollar pair traded sideways in the last session. The stochastic indicator is giving a positive signal.

 

 

Dollar-Yen Pair's Stability

The dollar-yen pair traded sideways in the last session. According to the RSI, we are in an oversold market.

 

 

Global Financial Headlines

Oil prices fell to end last week, settling at their lowest since January after data showed the US economy added fewer jobs than expected last month and Chinese economic data added more pressure. Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly turnaround after losing its once dominant global position. The company lost more than $30 billion in market value. A surprisingly weak US employment report for June has turned Wall Street confidence on a soft landing into near panic that a recession is looming, prompting major firms to change forecasts for Federal Reserve easing this year to more aggressive interest rate cutting.

 

Upcoming Economic Highlights

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

• Eurozone's Producer Price Index - 0900 GMT

• US ISM Services Employment Index - 1400 GMT

• UK's BRC Like-for-Like Retail Sales - 2301 GMT

• US ISM Services PMI - 1400 GMT

• Japan's Labour Cash Earnings - 2330 GMT

• Japan's Jibun Bank Services PMI - 0300 GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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