Daily Global Market Update

Euro, Gold, and USD/JPY show mixed signals. EUR/USD and Gold are overbought, while USD/JPY trends negative. Apple may decline despite recent gains. Netflix's success boosted Wall Street. China plans to support its stock market. Key economic data releases today.

Euro's Overbought Market

The EUR/USD pair rose by 0.1% in the last trading session. The CCI (Commodity Channel Index) indicates that the market is currently overbought.

 

 

Yen's Negative Signal

The USD/JPY pair saw a 0.5% gain in the last session. The Stochastic indicator is signalling a negative trend.

 

 

Gold's Overbought Market

Gold rose by 0.5% against the dollar in the last session. The Stochastic RSI indicates that the market is currently overbought.

 

 

Apple's Decline

Apple stock increased by 1% in the last session. However, the Ultimate Oscillator is indicating a negative signal.

 

 

Global Financial Headlines

Netflix shares surged to an all-time high as its strategic investment in sports content added a record-breaking 18.99 million subscribers in the holiday quarter. Wall Street indexes rose, with the S&P 500 reaching an intraday record high. Additionally, China's state insurers are set to increase investments in A-share markets to boost its stock market, as directed by government policies.

 

Upcoming Economic Highlights

Key economic events to watch today include:

• US Initial Jobless Claims - 13:30 GMT

• Dutch Consumer Confidence Adjusted - 05:30 GMT

• US Continuing Jobless Claims - 13:30 GMT

• French Business Climate in Manufacturing - 07:45 GMT

• US EIA Crude Oil Stocks Change - 17:00 GMT

• Belgian Consumer Confidence Index - 10:00 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

Fed Remarks Dampen Rate Hike Hopes Ahead of NFP Release

The U.S. August Nonfarm Payrolls report will be released tonight, the last major employment report before the Fed’s September meeting. Markets expect payrolls to rise by 58,000 (previous: -23,000), unemployment to remain at 4.1%, and average hourly earnings to increase 0.3% m/m (previous: 0.1%). The data could significantly impact rate expectations and market volatility.
ATFX | 4h 33min ago
The yen is advancing on three fronts

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The yen surged on three simultaneous tailwinds: BoJ rate hike expectations rising to 90% with speculation of a 50bp move, rumours of currency intervention, and an extraordinary GPIF meeting fuelling speculation of a portfolio shift toward domestic bonds. Falling Treasury yields and weak ADP data added further pressure on the dollar, pushing USDJPY sharply lower.
FxPro | 1 day ago
Global Bond Selloff, Eyes on Central Banks & US ADP

Global Bond Selloff, Eyes on Central Banks & US ADP

The Reserve Bank of New Zealand and the Bank of Canada announce rate decisions in succession. This morning, the RBNZ raised rates by 25 basis points as expected; the BoC continues to balance slowing domestic growth against inflation pressures, with rates expected to remain unchanged. US ADP employment data (forecast 48K, previous 44K) will serve as a preview for Friday’s official Nonfarm Payrolls.
ATFX | 2 days ago
Attention on JPY Crosses: Intervention Risk Back in Focus

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The Japanese yen has given back much of its late-July and August gains as intervention risk returns to the foreground. This analysis covers USD/JPY, EUR/JPY, and GBP/JPY key levels, carry-trade exposure risks, and what the upcoming BOJ meeting could mean for yen positioning.
Born2trade | 2 days ago