Daily Global Market Update

Oil-Dollar surged 1.5%, MACD bullish. Aussie-Dollar traded sideways, Stochastic bearish. Euro gained 0.3%, Williams Percent Range negative. Dollar-Yen climbed 0.6%, Stochastic RSI overbought. China's economy projected to grow 5%. Broadcom's shares surged, valuation hits $1 trillion. NASDAQ and S&P 500 gain significantly.

Moneta Markets | 130 days ago

Oil’s Strong Performance

The Oil-Dollar pair rose by 1.5% in the last session, peaking with a 1.9% gain during the day. The MACD is currently giving a positive signal, indicating potential upward momentum in the market.

Aussie Dollar Trades Sideways

The Aussie-Dollar pair remained range-bound in the last session. The Stochastic indicator is currently providing a negative signal, suggesting potential bearish momentum.

Euro’s Moderate Gain

The Euro rose by 0.3% against the dollar in the last session. The Williams Percent Range indicator is signalling a negative trend, which could hint at short-term resistance.

Yen Moves Higher

The Dollar-Yen pair climbed by 0.6% in the last session. The Stochastic RSI is signalling that the market is currently in an overbought zone, suggesting caution for buyers.

Global Financial Headlines

China's economy is projected to grow by 5% this year, contributing nearly 30% of global growth. Broadcom’s shares surged 21%, reaching a valuation of $1 trillion as AI demand drives revenue potential. The NASDAQ index breached the 20,000 milestone last week, gaining 32% this year, while the S&P 500 rose by 27%. These developments underline the robust performance of US equities in 2024.

Upcoming Economic Highlights

This week, traders should keep an eye on key events:

• Federal Reserve Meeting – Time TBD

• US Initial Jobless Claims – Thursday, 13:30 GMT

• China’s Manufacturing PMI – Friday, 01:00 GMT

• Germany’s Trade Balance – Friday, 07:00 GMT

• UK Halifax House Price Index – Friday, 08:30 GMT

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Tags: Analysis

EUR/USD Stuck in Consolidation: Rumours Abound, but Facts Remain Scarce

On Friday, the major currency pair became further entrenched within a local sideways channel, hovering around 1.1339. The US dollar retained gains accumulated over recent sessions, supported by US President Donald Trump’s confirmation that trade negotiations with China would continue.

RoboForex | 30 minutes ago

EBC Markets Briefing | Oil prices higher on peace deal uncertainty

Oil prices rose slightly on Friday but were set for a weekly loss as OPEC+ output hikes and a potential Russia-Ukraine ceasefire may boost supply.

EBC Financial Group | 2h 42min ago

BTCUSD Analysis: Funds flow into Bitcoin ETFs for two consecutive days

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BTCUSD for April 25, 2025.

Ultima Markets | 3h 25min ago

ATFX Market Outlook 25th April 2025

U.S. initial jobless claims rose only slightly last week, suggesting that the labour market remains resilient despite the uncertainty caused by chaotic trade policies. Federal Reserve officials stated in interviews that they see no need to adjust monetary policy and are seeking more information on how President Trump’s trade tariffs might affect the broader economy.

ATFX | 5h 48min ago