Daily Global Market Update

Oil and Aussie dollar weakened, while the euro and dollar-yen pairs dipped slightly. Oil prices fell due to easing supply concerns and China's tepid economic stimulus. The global market is focused on inflation trends and the impact of US election results. Key economic events from Finland, Japan, and New Zealand will be monitored.
Moneta Markets | 726 hari yang lalu

Oil's Decline Against the Dollar

The oil-dollar pair dove by 2.3% in the last session. The Commodity Channel Index (CCI) is giving a negative signal.

 

 

Aussie Dollar's Downward Trend

The Aussie dollar pair fell by 1.3% following a 1.7% intra-session dip. The Williams Percent Range indicator is giving a positive signal.

 

 

Euro's Market Position

The euro-dollar pair fell by 0.8% in the last session. The CCI indicates an oversold market.

 

 

Dollar-Yen Pair's Minor Dip

The dollar-yen pair saw a minor dip of 0.1% in the last session. The MACD is giving a negative signal.

 

 

Global Financial Headlines

Oil prices settled more than 2% lower last week as traders grew less fearful of prolonged supply disruptions in the US Gulf of Mexico. Meanwhile, China's latest economic stimulus packages failed to impress some oil traders. China's consumer prices rose more slowly in October, while producer price deflation deepened, even as Beijing doubled down on stimulus policies. China unveiled a 10 trillion yuan package to ease local government hidden debt burdens rather than directly injecting money into the economy. Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the US presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• Finland's Current Account - 6 GMT

• Japan's Eco Watchers Survey Current - 5 GMT

• Japan's Eco Watchers Survey Outlook - 5 GMT

• Japan's Machine Tool Orders - 6 GMT

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

• New Zealand's Electronic Card Retail Sales - 2145 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