Daily Global Market Update

The oil dollar pair rose slightly despite an oversold market. The Australian dollar gained with positive MACD signals. The Euro strengthened but is overbought. The dollar-yen pair remained stable with a positive Ultimate Oscillator. Gold prices surged due to a weaker dollar, trade uncertainty, and rate cut expectations.
Moneta Markets | 649 hari yang lalu

Oil Dollar Pair's Gains

The oil dollar pair rose by 0.4% in the last session. The Commodity Channel Index (CCI) suggests that the market is currently oversold.

 

 

Aussie's Positive Signal

The Australian dollar gained 0.3% against the US dollar in the last session. The MACD indicator is giving a positive signal.

 

 

Euro Overbought

The Euro gained 0.7% against the US dollar in the last trading session. The Williams Percent Range indicator indicates an overbought market.

 

 

Dollar-Yen Stability

The dollar-yen pair remained largely unchanged in the last session. The Ultimate Oscillator is providing a positive signal.

 

 

Global Financial Updates

Gold prices surged by over 1% on Friday, nearing their all-time high from October, driven by a weakening US dollar, tariff uncertainties, and rate cut expectations. Wall Street banks are preparing to sell up to $3 billion in debt holdings for INX, Elon Musk's social media platform. Investors are also anticipating the Federal Reserve’s first meeting of 2025, where further rate cuts may shape market trends.

 

Upcoming Economic Highlights

Keep an eye on these key economic events:

• US 6-Month Bill Auction - 1630 GMT

• US Chicago Fed National Activity Index - 1330 GMT

• Finland’s Consumer Confidence - 6 GMT

• Finland’s Industrial Confidence - 6 GMT

• Japan’s Leading Economic Index - 5 GMT

• Japan’s Coincident Index - 5 GMT

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