Daily Global Market Update

Oil price slightly decreased against the dollar, while the Aussie and Euro traded sideways. The dollar-yen pair gained. China announced mortgage rate cuts, and Boeing announced job cuts and delays. The S&P 500 and Dow reached record highs. Key economic events include Finland's CPI, China's trade data, Korea's trade balance.
Moneta Markets | 754 hari yang lalu

Oil's Minor Dip Against the Dollar

The oil-dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The RSI is giving a negative signal.

 

 

Euro's Sideways Movement

The euro-dollar pair traded sideways in the last session. The RSI is giving a negative signal.

 

 

Dollar-Yen Pair's Gain

The dollar-yen pair gained 0.3% in the last session. The MACD is giving a positive signal.

 

 

Global Financial Headlines

Four of China's biggest state-owned banks announced cuts to existing mortgage rates starting on October 25th, as authorities ramp up efforts to stimulate the world's second-biggest economy. Boeing will cut 177,000 jobs, 10% of its global workforce, delay first deliveries of its 777X jet by a year, and record $5 billion in losses in the third quarter. The S&P 500 and the Dow scored record closing highs on Friday, with a big boost from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• Finland's Consumer Price Index - 5 GMT

• China's Exports - 3 GMT

• China's Imports - 3 GMT

• China's Trade Balance USD - 3 GMT

• China's FDI - 9 GMT

• Korea's Trade Balance - 2355 GMT

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