Daily Global Market Update

The EUR/USD declined slightly, while the USD/JPY surged. Gold corrected, and NIO's shares rose. The Canadian dollar weakened, and US home loan rates increased. European stocks rebounded, anticipating interest rate cuts. Key economic events include US CPI and jobless claims, Finland's industrial output, Austrian industrial production, Japan's money supply, and Australia's inflation expectations.
Moneta Markets | 758 hari yang lalu

Euro's Slight Decline Against the Dollar

The EUR/USD pair experienced a minor downturn, losing 0.2% in the last session. The Stochastic indicator suggests that the market is currently oversold.

 

 

Dollar Yen's Upward Movement

The USD/JPY pair saw a significant rise, gaining 0.7% in the last session. The Williams Percent Range indicator suggests that the market is currently overbought.

 

 

Gold's Minor Correction

The Gold/USD pair experienced a slight downward correction, dropping 0.2% in the last session. The MACD is currently signalling a negative trend.

 

 

NIO's Positive Performance

NIO shares saw a notable increase, gaining 2.7% in the last session. However, the Commodity Channel Index (CCI) is giving a negative signal, suggesting potential caution.

 

 

Global Financial Headlines

The Canadian dollar weakened to a near 8-week low against its US counterpart as oil prices fell and investors reduced their bets on the pace of expected interest rate cuts from the Federal Reserve. The interest rate for the most popular US home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year. This comes after better-than-expected economic data caused financial markets to scale back bets on further Federal Reserve interest rate cuts. European stocks settled higher, bouncing from losses in the previous session as investors focused on upcoming interest rate cuts and a key US inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the Automobiles and Parts sector among top gainers with a 1.1% jump.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Consumer Price Index - 1230 GMT

• US Initial Jobless Claims - 1230 GMT

• Finland's Industrial Output - 0500 GMT

• Austrian Industrial Production - 0700 GMT

• Japan's Money Supply M2 plus CD - 2350 GMT

• Australia's Consumer Inflation Expectations - 0000 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