Daily Global Market Update
Oil Dollar Pair's Sideways Movement
The oil-dollar pair traded sideways in the last session. The Commodity Channel Index (CCI) is delivering a negative signal.
Aussie Dollar's Steady State
The Aussie dollar pair traded sideways in the last session. The Williams %R indicator's negative signal contradicts our overall technical analysis.
Euro Dollar's Stability
The Euro-dollar price remained largely unchanged in the last session. The MACD is issuing a positive signal, aligning with our overall technical analysis.
Dollar Yen's Sideways Trade
The dollar-Yen pair traded sideways in the last session. The MACD is providing a negative signal.
Global Financial Headlines
Saudi Aramco's CEO, Amin Nasser, discussed the robust and growing demand for oil in China, coinciding with the company's profit results announcement. Rivian's shares surged following high demand for its R2 SUV, signaling potential growth in the mass market. Asian stocks reached a seven-month high, buoyed by anticipation of an interest rate easing cycle from major central banks, putting pressure on the dollar and treasury yields.
Upcoming Economic Highlights
Today's significant economic events:
• US 6-month and 3-month Bill auctions - 1530 GMT
• Finland's current account - 0600 GMT
• Eurozone's Eurogroup meeting - 0700 GMT
• Japan's Machine Tool Orders - 0600 GMT
• Producer Price Index 2350 - GMT
Why is EURUSD falling even though the Fed has softened its rhetoric?
France’s Political Turmoil and Trump’s Grip on the Fed Increase FX Volatility
Are Bullish Shares Disconnected from Underlying Fundamentals?
Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
