Daily Global Market Update

Euro Dollar stable; Dollar Yen up 0.2%; Gold unchanged. Volkswagen shares rise 0.9%. Dollar Index dips post-Fed minutes. Japanese stocks approach record levels; US stocks see hedge fund selling. Key events: US Jobless Claims, Chicago Fed Index, ECOFIN, France Manufacturing Climate, Japan PMIs.

Euro Dollar's Steady Course

Euro Dollar remained largely unchanged in the last session. The Stochastic RSI suggests an overbought market condition.

 

 

Dollar Yen's Positive Momentum

Dollar Yen experienced a slight increase of 0.2% against the yen in the last session. The RSI indicates a positive market trend.

 

 

Gold's Stability

Gold Dollar price remained largely unchanged in the last session. The RSI indicates a positive market signal.

 

 

Volkswagen's Stock Surge

Volkswagen's stock rose by 0.9% in the last session, indicating an overbought market according to the Williams %R indicator.

 

 

Market Insights

The Dollar Index edged lower after minutes from the Federal Reserve's January meeting, with policymakers wary of cutting interest rates too soon. Japanese stocks, nearing record levels, remain far from overpriced compared to historic levels. Meanwhile, hedge funds have been net sellers in US stocks, as indicated by recent Bank of America data.

 

Economic Events to Watch

Today’s key economic releases include:

• US Initial Jobless Claims - 1330 GMT

• US Chicago Fed National Activity Index - 1330 GMT

• Eurozone's ECOFIN Meeting - 0700 hours GMT

• French Business Climate in Manufacturing - 0745 GMT

• Japan's Jibun Bank Services PMI - 0030 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
read more
Daily Global Market Update

Daily Global Market Update

GBP/USD edged up 0.1%, Bitcoin corrected down 0.2%, Oil dropped 0.8% vs. USD, AUD rose 0.4% vs. USD. Ether trailed Bitcoin YTD gains. Oil steadied near 6-month highs. Russia exports diesel to Sudan post-EU embargo. Economic events include UK's Industrial Production, Japan's Capacity Utilization, Germany's CPI, Eurozone's Fin Meeting, UK's GDP, and US Michigan Consumer Sentiment Index.
Moneta Markets | 2 days ago
Decoding Japan's ESG Landscape: Insights from Q423 Index Analysis

Decoding Japan's ESG Landscape: Insights from Q423 Index Analysis

In the latest quarterly assessment, the Japan ESG macro index saw a downturn in Q423, marking a notable decline from the previous quarter. Despite this, it's important to note that the current index, standing at approximately 0.55, remains significantly lower than the peak observed in the earlier quarters.
ACY Securities | 2 days ago