Daily Global Market Update

Oil-dollar pair down 0.2%, overbought (Williams). Aussie dollar sideways, overbought (stochastic RSI). Euro-dollar stable, positive (ultimate oscillator). Dollar-yen sideways, negative (ultimate oscillator). China's forex reserves up despite USD rise.

Moneta Markets | 400 days ago

Oil-Dollar Pair Correction

The oil-dollar pair corrected downwards by 0.2% in the last session. The Williams indicator indicates an overbought market.

Aussie Dollar Pair Sideways Trading

The Aussie dollar pair traded sideways in the last session. According to the stochastic RSI, we are in an overbought market.

Euro-Dollar Price Stability

The euro-dollar price remained largely unchanged in the last session. The ultimate oscillator is giving a positive signal.

Dollar-Yen Pair Sideways Trading

The dollar-yen pair traded sideways in the last session. The ultimate oscillator is giving a negative signal.

Global Headlines

China's foreign exchange reserves rose in March, reaching $3.246 trillion, despite the US dollar's climb against other major currencies. Tesla has cancelled its long-promised inexpensive car, focusing instead on developing self-driving robotaxis. US stocks finished higher last week, driven by a strong jobs report, reinforcing the view of a healthy economy and potentially delaying interest rate cuts by the Federal Reserve. All major S&P 500 sectors advanced.

Upcoming Economic Events

Here are today's most important economic events:

• Japan's Eco Watchers Survey Current - 0500 GMT

• Japan's Eco Watchers Survey Outlook - 0500 GMT

• US 6-Month Bill Auction - 1530 GMT

• UK's BRC Like-for-Like Retail Sales - 2301 GMT

• US 3-Month Bill Auction - 1530 GMT

• Germany's Trade Balance - 0600 GMT

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Tags: Analysis

Dollar’s resilience could be tested after Monday’s surge

Risk appetite is slightly receding today after Monday’s boost; US stocks and the dollar experienced considerable moves on Monday; US CPI in focus today, but investors are craving Fed commentary; Gold is climbing today, as oil maintains most of Monday’s gains;

XM Group | 20 minutes ago

Think All Central Banks Move Together? EBC Shows Why That’s No Longer True

EBC highlights how diverging central bank policies and rising geopolitical risks are reshaping global markets and forcing traders to rethink their strategies.

EBC Financial Group | 5h 29min ago

US and China agree to slash tariffs, dollar and stocks surge

US and China make progress in trade talks, agree to 90-day reprieve. Dollar, stocks and oil jump as both sides to temporarily lower tariffs by 115%. But trade deal hopes pummel gold, easing geopolitical tensions weigh too.

XM Group | 23h 7min ago

Gold Drops to 3,273 USD as Markets Await Trade Deal Developments

The price of a troy ounce of gold fell to 3,273 USD on Monday, losing about 1% compared to the previous session’s level.

RoboForex | 23h 11min ago

Crypto market slows down, nearing a top

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market slows down, nearing a top

FxPro | 23h 24min ago

US 100, EURUSD, GBPUSD

US-China trade talks send Wall Street sharply higher; US CPI on calendar; EURUSD tumbles ahead of Eurozone GDP; US-UK trade deal and UK GDP in focus; GBPUSD below 1.3200

XM Group | 23h 25min ago

Moneta Markets Daily Market Update: May 12, 2025

Global financial markets on May 12, 2025, are buoyed by optimism surrounding a US-China trade deal, though uncertainties over tariff reductions temper gains. Gold drops to a one-week low near $3,253, while EUR/USD holds above 1.1200, awaiting trade deal details.

Moneta Markets | 1 day ago

Risk appetite improves on first trade deal, US-Sino talks in focus

US and UK agree on trade, US-China talks loom - Dollar gains on easing anxiety and recession fears - Wall Street extends gains, gold slides as risk appetite improves - BoE cuts rates by 25bps, three-way split helps the pound

XM Group | 3 days ago

EURUSD	1.11095	GBPUSD	1.32173	AUDUSD	0.6407
USDJPY	147.948	USDCAD	1.39909	USDCHF	0.84076