Daily Global Market Update

The Euro weakened against the Dollar, while the Dollar strengthened against the Yen. Gold and Meta stock rose. The Canadian dollar strengthened after a rate cut with hawkish guidance. Wall Street rallied, led by tech stocks. Key economic events to watch include US CPI, Bank of Canada's Monetary Policy Report, Eurozone Industrial Production, UK GDP, and Japan Machinery Orders.

Moneta Markets | 55 days ago

Euro's Decline Against the Dollar

The last trading session saw the Euro fall by 0.3% against the dollar. The CCI indicator is giving a negative signal.

Dollar Gains Against the Yen

The dollar gained 0.3% against the yen in the last trading session. The Stochastic indicator is giving a positive signal.

Gold's Positive Movement

Gold rose by 0.8% against the dollar in the last trading session. The MACD is giving a positive signal.

Meta Stock's Significant Gain

Meta stock rose by 1.5% in the last trading session. The Ultimate Oscillator is indicating a positive signal.

Global Financial Headlines

The Canadian dollar strengthened as the Bank of Canada cut interest rates by 0.5% but adopted hawkish guidance. Wall Street saw tech stocks rally, pushing the NASDAQ above 20,000 points for the first time after a US inflation report heightened expectations of a Federal Reserve rate cut.

Upcoming Economic Highlights

Key events to monitor include:

• US Consumer Price Index (CPI) - 1230 GMT

• Bank of Canada's Monetary Policy Report - 1400 GMT

• Eurozone Industrial Production - 0900 GMT

• UK GDP Preliminary Reading - 0700 GMT

• Japan Machinery Orders - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Tags: Analysis

Cryptocurrency market takes a wait-and-see approach

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Cryptocurrency market takes a wait-and-see approach

FxPro | 1h 13min ago

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EBC Financial Group | 2h 16min ago

Market sentiment remains fragile as Trump takes aim at Iran

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XM Group | 3h 25min ago

EBC Markets Briefing | Yen regains safe-haven appeal

The yen hit a seven-week high on Wednesday as delays to tariffs on Canada and Mexico eased concerns about the Fed's ability to cut interest rates.

EBC Financial Group | 4h 0min ago

GOLD Analysis: Beware of intraday bull traps

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for FEB 4, 2025.

Ultima Markets | 4h 44min ago

ATFX Economic Calendar- 2025.02.03~2025.02.07

The ATFX Weekly Economic Calendar is a comprehensive resource designed to help traders and investors stay ahead of market-moving events. It outlines key economic data releases, central bank meetings, speeches, and geopolitical events for the week. This calendar provides a strategic tool for navigating global markets, offering insights into potential volatility triggers across multiple asset.

ATFX | 4h 44min ago

ATFX Market Outlook 4th February 2025

U.S. stock index futures rose after President Trump delayed 25% tariffs on Canada and Mexico for 30 days, easing investor concerns. However, a 10% tariff on China will commence on Tuesday. While stocks had dropped due to trade and inflation worries, they ended above session lows following the delay.

ATFX | 4h 44min ago

ATFX Market Outlook 5th February 2025

U.S. job openings declined in December as the labor market slowed, with the Federal Reserve expected to cut interest rates by June. Major U.S. stock indexes closed higher, boosted by energy stocks and optimism over U.S.-China trade after Trump postponed tariffs on Canada and Mexico. The Dow rose 0.3%, the S&P 500 gained 0.72%, and the Nasdaq climbed 1.35%.

ATFX | 4h 44min ago

EURUSD	1.04189	GBPUSD	1.25359	AUDUSD	0.62823
USDJPY	152.909	USDCAD	1.42846	USDCHF	0.90178