Daily Global Market Update

Oil and Aussie dollar up, Euro sideways, Dollar-Yen negative. Euro area expects growth, OpenAI valuation uncertain. Key events: US bill auctions, Germany PPI, Eurozone construction output, Germany's Bundesbank report, China's PBOC rate decision.

Moneta Markets | 603 days ago

Oil's Remarkable Surge

The oil-dollar pair experienced a significant surge, climbing 3.8% in the last session. The Rate of Change (ROC) indicator is currently emitting a positive signal.

Aussie Dollar Stability

The Aussie dollar price remained largely steady in the last session. The Relative Strength Index (RSI) is providing a positive signal, aligning with the overall technical analysis.

Euro's Sideways Movement

The Euro-Dollar pair traded sideways in the last session. The Commodity Channel Index (CCI) suggests an overbought market.

Dollar-Yen Pair's Steady Course

The dollar-Yen pair saw a sideways trend in the latest session. The stochastic indicator is hinting at a negative outlook.

Global Financial Headlines

The Euro area is expected to dodge a recession and see growth towards the year's end, bolstered by easing inflation and a strong jobs market, as per recent EU forecasts. Meanwhile, the valuation of OpenAI is in the limelight, with its valuation hanging in balance after executive shifts. U.S. government debt and fiscal deficits, key drivers of bond yields, may become secondary concerns for investors, shifting focus to economic fundamentals, city analysts predict.

Upcoming Economic Highlights

A quick overview of today's key economic events:

• US 3-month Bill Auction - 1630 GMT

• US 6-month Bill Auction - 1630 GMT

• Germany's Producer Price Index - 0700 GMT

• Eurozone's Construction Output - 1000 GMT

• Germany's Bundesbank Monthly Report - 1100 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

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

Tags: Analysis

Stimulus is taking effect: China's economy is accelerating

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Stimulus is taking effect: China's economy is accelerating

FxPro | 11h 21min ago

Dollar battles to maintain recent gains

Trump uses tariffs as leverage to end the Ukraine-Russia conflict; Risk-on sentiment remains intact as earnings season picks up speed; US CPI report in focus, could cement a July Fed rate pause; Heavy profit-taking in cryptos; oil slides after testing key resistance;

XM Group | 17h 48min ago

China’s GDP Surprise Boosts Risk Currencies, CPI Eyed

China’s Q2 GDP surprise at 5.2% YoY sparked a positive reaction across global markets on July 15, 2025. Commodity currencies like AUD and NZD advanced modestly, while Gold hovered near $3,350 ahead of key U.S. CPI data. The Japanese Yen weakened despite safe-haven flows, as 10-year JGB yields hit their highest since 2008, highlighting BoJ-Fed policy divergence.

Moneta Markets | 18h 8min ago