Daily Global Market Update
Oil's Significant Surge
The Oil-Dollar pair surged by 2.9% in the last trading session, marking a strong performance. The MACD is signalling a positive trend, indicating potential for continued upward momentum.
Australian Dollar Weakens
The Australian Dollar fell 0.9% against the US Dollar in the last session. The Stochastic Indicator is signalling a negative trend, suggesting caution for traders.
Euro's Decline Against the Dollar
The Euro dropped 0.5% against the US Dollar in the previous session. The MACD is providing a negative signal, reinforcing a bearish outlook for the pair.
Yen's Slight Downward Movement
The Dollar-Yen pair experienced a slight downward movement, dropping 0.2% in the last session. The Rate of Change (ROC) indicator is signalling a negative trend, indicating reduced momentum.
Global Financial Headlines
Global stocks have dipped as US Treasury yields rise on stronger-than-expected jobs data, which has reinforced expectations of prolonged high interest rates from the Federal Reserve. Meanwhile, the IMF projects steady global growth and a continuation of disinflation in its updated World Economic Outlook. Upcoming US inflation data could impact market sentiment and test investors' resolve.
Upcoming Economic Highlights
Notable economic events include:
• US Monthly Budget Statement - 19:00 GMT
• Japan's CFTC JPY NC Net Positions - 21:30 GMT
• US 3-Month Bill Auction - 16:30 GMT
• UK's CFTC GBP NC Net Positions - 21:30 GMT
• Japan's Trade Balance - 23:50 GMT
• Japan's Current Account - 23:50 GMT
Dollar dips on hopes of gradual tariffs ahead of US inflation data
EBC Markets Briefing | Speculators highly bearish on loonie
Japanese Yen in Consolidation After Recent Growth: Signs of Recovery but Insufficient Support Factors
GBP/USD shows recovery signs
Bitcoin: pushed back from the bottom?
Daily Global Market Update
USDJPY, GBPUSD, AUDUSD
