Daily Global Market Update

Oil dipped slightly, Stochastic RSI bearish. AUD/USD traded sideways, MACD positive. EUR/USD stable, overbought. USD/JPY unchanged, RSI positive. China banks gain gold import quotas, gold prices surge. India's forex reserves decline. US stocks rally. Global focus on Jackson Hole. Today's economic releases: US bill auctions, German Buba report, China FDI, NZ exports/imports.

Moneta Markets | 265 days ago

Oil's Slight Dip

Oil experienced a decrease of 0.2% against the dollar in the last session. The Stochastic RSI is signalling a negative outlook.

AUD/USD Pair's Sideways Movement

The AUD/USD pair traded sideways in the last session. The MACD is giving a positive signal.

EUR/USD Pair's Stability

The EUR/USD price remained largely unchanged in the last session. According to the Williams %R indicator, we are in an overbought market.

USD/JPY Pair's Steady Performance

The USD/JPY price remained largely unchanged in the last session. The RSI is giving a positive signal.

Global Financial Headlines

Several Chinese banks have been granted new gold import quotas from the Central Bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs. India's foreign exchange reserves came off record highs and fell to $667.14 billion as of August 9th, the central bank said. The reserves fell by $4.8 billion in the reporting week, the biggest fall in 4 months. US Stocks entered last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole economic Symposium next week. The S&P 500 and the NASDAQ notched their seventh straight session of gains.

Upcoming Economic Highlights

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

• US 3-month Bill auction - 1530 GMT

• US 6-month Bill auction - 1530 GMT

• Germany's German Buba Monthly Report - 1000 GMT

• China's FDI - 0900 GMT

• New Zealand's Exports - 2245 GMT

• New Zealand's Imports - 2245 GMT

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

USDJPY remains exposed to bearish trend

USDJPY erases gains, shifts spotlight to bearish trajectory. Resistance at 144.23, support at 141.60.

XM Group | 4 days ago

Tariffs Ignite Safe-Haven Rally

Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.

Moneta Markets | 5 days ago

Japanese yen halts gains as US trade negotiations return to the spotlight

USD/JPY had an opportunity to correct after two consecutive days of decline, with Tuesday’s trading centred around 143.78.

RoboForex | 5 days ago

ATFX Market Outlook 6th May 2025

U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s

ATFX | 5 days ago

USDJPY, GBPUSD, Oil

Fed policy meeting to leave rates on hold; Will USDJPY recover ground?; BoC to cut rates by 25bps; GBPUSD ticks up; OPEC+ speeds up increases; WTI opens with bearish gap

XM Group | 6 days ago

EUR/USD tests key support in bid for upside

EUR/USD meets familiar support and returns above 1.1300. Technical Signals don’t yet confirm a meaningful rally. Sellers may stay on the sidelines until price falls below 1.1200.

XM Group | 6 days ago

ATFX Market Outlook 5th May 2025

Last Friday, the April Nonfarm Payrolls report in the U.S. surpassed expectations, indicating a resilient labor market. However, signs of slowing economic momentum, such as a contraction in Q1 GDP and rising jobless claims, raised concerns about a broader slowdown.

ATFX | 6 days ago

AUD/USD in a range: Is a bullish breakout next?

AUD/USD extends sideways move within 0.6340-0.6448 area. Key resistance levels in focus as bullish breakout still likely.

XM Group | 9 days ago

EURUSD	1.12288	GBPUSD	1.32898	AUDUSD	0.64199
USDJPY	145.795	USDCAD	1.39281	USDCHF	0.83389