Daily Global Market Update

The EUR/USD pair declined, while the USD/JPY pair surged. Gold prices remained stable, and Google stock traded sideways. The dollar strengthened against the euro, but investors anticipate a rate cut. The Dow and S&P 500 retreated from recent highs. Trump Media shares rebounded.
Moneta Markets | 772 hari yang lalu

Euro's Decline Against the Dollar

The EUR/USD pair dropped 0.5% in the last session. The Stochastic indicator is giving a positive signal, suggesting potential for a reversal.

 

 

Dollar Yen's Significant Rise

The USD/JPY pair surged 1.2% in the last session. The MACD is currently giving a positive signal, aligning with the recent price action.

 

 

Gold's Stable Performance

The Gold/USD price remained largely unchanged in the last session. According to the Stochastic indicator, we are currently in an overbought market.

 

 

Google Stock's Sideways Movement

Google stock traded sideways in the last session. The MACD is giving a positive signal, suggesting potential upward momentum.

 

 

Global Financial Headlines

The dollar bounced off a 14-month low against the euro in choppy trading. However, investors are still betting on another large interest rate cut by the Federal Reserve at its November meeting due to weakening labour optimism. The Dow Jones Industrial Average and S&P 500 closed lower, pulling back from recent record highs driven by China's sweeping stimulus package. Investors are now awaiting economic indicators and signals on upcoming interest rate cuts. Shares of former U.S. President Donald Trump's media company rebounded over 6%, bouncing back from all-time lows after restrictions on insider selling expired last week. Trump Media and Technology Group, which is 57% owned by the Republican presidential nominee, has seen a 12% lift over two consecutive days of gains.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Gross Domestic Product Annualised - 12:30 GMT

• US Durable Goods Orders - 12:30 GMT

• Spain's Retail Sales - 07:00 GMT

• Italy's Consumer Confidence - 08:00 GMT

• Japan's Tokyo Consumer Price Index - 23:30 GMT

• Japan's Foreign Bond Investment - 23:50 GMT

Moneta Markets
Tipe: STP, ECN
Regulasi: FCA (UK), FSA (Seychelles), FSCA (South Africa)
baca selengkapnya
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
The euro has spread its wings

The euro has spread its wings

The euro is rising as oil and the dollar fall: eurozone inflation at 4% raises the odds of an ECB rate hike, while a cooling US economy gives the Fed a reason not to rush.
FxPro | 2 hari yang lalu