Daily Global Market Update

Euro's Slight Uptick

The Euro-Dollar pair observed a modest upward correction, increasing by 0.1% in the latest session. The Stochastic indicator is currently signaling a positive trend.

Dollar's Gain Against Yen

The Dollar saw a 0.3% rise against the Yen in the last trading session. The Rate of Change (ROC) indicator is offering a positive signal.

Gold's Recent Downturn

Gold recorded a decline of 0.9% against the dollar in its last session. The MACD indicator is presenting a negative outlook.

Apple's Stock Movement

Apple shares experienced a slight uptick, rising by 0.3% in the latest session. The Stochastic indicator is pointing towards an overbought market.

Global Financial News

The dollar has strengthened for the third consecutive day, buoyed by increasing confidence that the Federal Reserve might cease its interest rate hikes. In the stock market, US indices like the S&P 500 and NASDAQ saw gains, marking their longest streak in two years, partly due to the pullback in US Treasury yields and awaiting further guidance on interest rates from the Federal Reserve. Meanwhile, Germany's economy is projected to shrink by 0.4% in 2023, as per the report from the German Council of Economic Experts, aligning with the government's forecast.

Upcoming Economic Events

Here's a brief overview of today's key economic releases:

• Japan's Eco Watchers Survey Outlook - 0500 hours GMT

• Irish Consumer Price Index - 1100 hours GMT

• Japan's Eco Watchers Survey Current - 0500 hours GMT

• US Initial Jobless Claims - 1330 hours GMT

• Eurozone's ECOFIN Meeting - 0700 hours GMT

• UK's RICS Housing Price Balance - 0001 hours GMT