Daily Global Market Update

The EUR/USD fell 0.2%, the dollar rose 0.3% against the yen, and gold dropped 1.7%. Meta's stock was stable. Sterling rose, UK stock futures fell, and Wall Street had mixed results. US crude inventories unexpectedly increased.

Moneta Markets | 27 days ago

Euro's Minor Decline Against the Dollar

The EUR/USD pair experienced a slight decrease of 0.2% against the dollar in the last session. The RSI is indicating a negative signal.

Dollar's Uptick Against the Yen

The dollar rose by 0.3% against the yen in the last session. The MACD is currently indicating a positive outlook.

Gold's Substantial Dip

The gold-dollar pair saw a significant decline of 1.7% in the last session. The Stochastic RSI suggests a negative trend ahead.

Meta's Stock Performance

Meta's stock traded sideways in the last session. The Stochastic indicator is currently giving a negative signal.

Global Financial Headlines

Sterling edged higher while UK stock futures fell following Prime Minister Rishi Sunak's announcement of a parliamentary election on July 4th. Wall Street’s main indexes showed mixed results as investors awaited Nvidia’s quarterly results and the Federal Reserve's policy meeting minutes. US crude oil inventories rose unexpectedly last week, with gasoline stockpiles falling as demand increased ahead of the summer driving season, as reported by the Energy Information Administration.

Upcoming Economic Highlights

Here’s a brief rundown of today’s anticipated economic releases:

• Japan's National Consumer Price Index - 2330 GMT

• UK's GfK Consumer Confidence - 2301 GMT

• Australia’s Consumer Inflation Expectations - 0100 GMT

• Eurozone’s Eurogroup Meetings - 0700 GMT

• Japan’s Jibun Bank Manufacturing PMI - 0230 GMT

• US Initial Jobless Claims - 1230 GMT

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

Focus on Today’s BoE Interest Rate Decision

Attention now turns to the Pound Sterling as the Bank of England’s (BoE) interest rate decision is due later today.

PU Prime | 23 minutes ago

Macron's Assumptions and Strategic Decisions Regarding RN Support in National Vote

President Emmanuel Macron's recent decisions have ignited debates about their potential consequences, especially regarding the support for the Rassemblement National (RN) party in upcoming elections.

ACY Securities | 20h 25min ago

ECB Comments on French Bond Market Dynamics Amid Election-Driven Volatility

At the start of this week, the euro has managed to stay stable, hovering just above the 1.0700 mark against the US dollar. This comes after it dipped to 1.0668 late last week.

ACY Securities | 20h 27min ago

Soft US Retail Sales Pull Dollar, Bond Yields Lower

Softer-than-expected US Retail Sales pulled the US 10-year bond yield down to 4.22% (4.27%). A good US Treasury auction result lifted bond prices, pushing yields lower.

ACY Securities | 20h 28min ago

USD Outlook Amidst Evolving Economic Indicators

The US dollar has been retreating from its April highs over the last few months. This follows the release of several sets of economic data, including some that indicate moderation in labour market conditions, inflation rates, and consumer spending. Despite these cooling signs, I would still look for the USD to remain well within the current range on a trade-weighted basis. As such, my year-end est

ACY Securities | 1 day ago

Forex Market Report - 19th June 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.

DNA Markets | 1 day ago

Yen Strengthen in Hawkish BoJ Statement

the Japanese yen saw modest gains as the Bank of Japan (BoJ) chief signalled a potential rate hike next month if economic data proves satisfactory.

PU Prime | 1 day ago

Dollar Strengthens Amid Hawkish Fed Remarks

The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari's suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets.

PU Prime | 3 days ago

EURUSD	1.0734	GBPUSD	1.27074	AUDUSD	0.66664
USDJPY	158.135	USDCAD	1.37115	USDCHF	0.8834