Daily Global Market Update
Euro's Recent Rise
The euro gained 0.6% against the dollar in the last session. The stochastic indicator is giving a positive signal.
Dollar-Yen Pair's Plummet
The dollar-yen pair dropped by 1% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.
Gold-Dollar Pair's Soaring
The gold-dollar pair surged by 1.2% in the last session. The Commodity Channel Index (CCI) indicates an overbought market.
Nike's Share Fall
Nike's shares declined by 0.7% in the last session. The stochastic indicator is giving a positive signal.
Dollar Slump and Market Response
The dollar weakened against major currencies following US consumer prices showing lower inflation trends, potentially paving the way for an earlier interest rate cut by the Federal Reserve. Both the S&P 500 and NASDAQ achieved record closes, with hopes for interest rate cuts being reinforced by lower-than-expected consumer inflation.
Today's Major Economic Events
Here are today's significant economic releases:
• US Industrial Production - 1315 GMT
• Australia's Employment Change - 130 GMT
• Japan's Industrial Production - 430 GMT
• Italy's Consumer Price Index - 8 GMT
• Australia's Unemployment Rate - 130 GMT
• Dutch Unemployment Rate - 430 GMT
Inflation in the US will not make the Fed's rate cut in September comfortable
Gold approached the upper limit of the 4-month trading range
Dollar extends slide ahead of PCE inflation data
September Market Insights: How Volatility, Institutional Flows, and Global Trends Shape Fall Trading
While the dollar is confused, the S&P 500 faces NVIDIA’s rebalancing threat
August was the best month for gold since April
EBC Markets Briefing | Aussie dollar stalls on US GDP beat
