Daily Global Market Update

The EUR/USD and USD/JPY pairs traded sideways, with negative signals from Stochastic and MACD, respectively. Gold/USD dropped 0.2%, while Volkswagen stock rose 0.4% with oversold conditions. US dollar mixed after inflation data, Wall Street fell, and Harris's presidential odds rose. Oil prices surged due to hurricane fears.

Moneta Markets | 23 days ago

EUR/USD Sideways Movement

The EUR/USD pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

USD/JPY Sideways Trading

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

Gold's Minor Downward Correction

The Gold/USD pair made a minor downwards correction in the last session, dropping 0.2%. The Williams Percent Range indicator is giving a negative signal.

Volkswagen Stock Rise

The last session saw Volkswagen's stock rise 0.4%. The Stochastic indicator suggests an oversold market.

Global Financial Headlines

The US dollar showed mixed performance in choppy trading after data revealed a rise in underlying inflation in August, reinforcing expectations of a smaller 25 basis point interest rate cut by the Federal Reserve next week. Wall Street's main indexes fell following the latest inflation numbers, which dampened hopes for a larger interest rate cut. Meanwhile, odds of Democrat Kamala Harris winning the US Presidency increased after a televised debate. In the energy sector, US crude oil climbed more than $2 a barrel, driven by fears of lengthy production shutdowns in the offshore oil patch as Hurricane Francine approached.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Monthly Budget Statement - 18:00 GMT

• Germany's Wholesale Price Index - 06:00 GMT

• US Producer Price Index - 12:30 GMT

• US Initial Jobless Claims - 12:30 GMT

• Spain's Harmonised Index of Consumer Prices - 07:00 GMT

• Spain's Consumer Price Index - 07:00 GMT

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

EUR/USD hits three-week low amid ECB easing expectations

The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. The drop reflects market anticipation that the European Central Bank (ECB) will continue to ease monetary policy aggressively, spurred by sluggish economic growth and inflation rates falling below the ECB’s 2% target in the Eurozone.

RoboForex | 1 day ago

The US Dollar A Comprehensive Analysis of Recent Trends and Future Outlook

The US dollar (USD) experienced a 1.0% decline on the DXY index in September, representing a relatively moderate drop compared to the 2.3% decrease seen in August.

ACY Securities | 1 day ago

Where is EURUSD Heading for the Month of October?

The euro continued its upward trend through September, bolstered by a notable improvement in financial market conditions across the region. Current market sentiment, as captured by the Overnight Index Swaps (OIS) market, now indicates a shift in expectations for the European Central Bank (ECB).

ACY Securities | 1 day ago

USD/JPY Sees a Sharp Rise Amid Economic Shifts and Geopolitical Unrest

The USD/JPY currency pair has recently experienced a significant surge, influenced by a blend of economic indicators, monetary policy changes, and heightened geopolitical uncertainty.

ACY Securities | 1 day ago

Pound Lose Ground on BoE Dovish Tone

The Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey.

PU Prime | 1 day ago

Daily Global Market Update

The Euro/USD pair experienced a small decline, while the USD/JPY pair saw a significant increase. Gold traded sideways, and Apple stock rose slightly. The dollar reached a 3-week high against the Euro following the ADP National Employment Report. Markets remain cautious amid geopolitical tensions in the Middle East.

Moneta Markets | 2 days ago

Yen Capitulates on Ishiba Dovish Tone

Japan's Nikkei 225 jumped at the market's open, driven by a surprise statement from new Prime Minister Ishiba, who expressed caution about another rate hike this year, citing the economy's unpreparedness. This dovish outlook fueled gains in Japanese equities. However, the Japanese Yen weakened considerably in the last session, sliding more than 2% against a strengthened U.S. dollar.

PU Prime | 2 days ago

USDJPY outlook remains gloomy

USDJPY holds below key resistance levels as October’s session starts. Technical signals cannot warrant a bullish trend reversal.

XM Group | 3 days ago

EURUSD	1.0975	GBPUSD	1.3122	AUDUSD	0.66385
USDJPY	148.716	USDCAD	1.33666	USDCHF	0.85806