Daily Global Market Update

The EUR/USD pair remained stable, while the USD/JPY pair saw a minor upward correction. Gold fell against the dollar, and NIO shares plummeted. The Federal Reserve cut interest rates by half a percentage point, leading to a drop in the dollar and modest losses in US stocks.

Moneta Markets | 416 days ago

EUR/USD Remains Stable

The EUR/USD pair remained largely unchanged in the last session. The Stochastic RSI indicates that the market is currently overbought.

USD/JPY's Minor Upward Correction

The USD/JPY pair made a minor upward correction in the last session, gaining 0.1%. The Ultimate Oscillator is currently giving a positive signal.

Gold's Decline Against the Dollar

Gold fell by 0.5% against the dollar in the last session. The Stochastic RSI is giving a negative signal.

NIO Shares Plummet

Shares of NIO plummeted 7.7% in the last session. The Commodity Channel Index (CCI) is giving a negative signal.

Global Financial Headlines

The dollar dropped after the Federal Reserve cut interest rates by half a percentage point, citing great confidence that inflation will continue to recede to the US Central Bank's 2% annual target. This larger-than-usual reduction in borrowing costs followed growing unease about the health of the job market. US stocks closed with modest losses, well off their intraday highs, after the Federal Reserve's decision, which marked its first cut in more than four years.

Upcoming Economic Highlights

Key economic events to look out for include:

• Dutch Unemployment Rate - 0430 GMT

• Germany's German Buba Monthly Report - 1000 GMT

• Australia's Unemployment Rate - 0130 GMT

• UK's GfK Consumer Confidence - 2301 GMT

• US Initial Jobless Claims - 1230 GMT

• Australia's Employment Change - 0130 GMT

Moneta Markets

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Type: STP, ECN

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

The dollar risks losing support from tariff revenues

• The US risks losing tariff revenues. • The American labour market is cooling down. • EURUSD may rise to 1.21. • The pound rose but remains under pressure.

FxPro | 2 days ago

The dollar risks losing support from tariff revenues

• The US risks losing tariff revenues. • The American labour market is cooling down. • EURUSD may rise to 1.21. • The pound rose but remains under pressure.

FxPro | 2 days ago

USD/JPY Declines as Safe-Haven Demand Bolsters the Yen

The USD/JPY pair retreated to 153.10 on Friday, with the yen retaining a portion of its recent gains amid a flight to safety.

RoboForex | 2 days ago

Global Currencies React to Shifting Trade Data and Central Bank Policies Amid Mixed Dollar Performance | 7th November 2025

The U.S. Dollar steadied near 100.00 as firm yields and weak Chinese trade data pressured risk currencies. The Aussie and Kiwi fell on slower export outlooks, while USD/CAD held near six-month highs. The Yen eased as BoJ stayed dovish. Traders now await U.S. inflation and sentiment data for the Fed’s next policy cues.

Moneta Markets | 2 days ago

Dollar Slips, Gold Softens as Shutdown Drags On | 6th November 2025

Markets traded cautiously as the U.S. shutdown hit record length, pressuring the Dollar near 100.00. Gold eased below $4,000 and silver held near $49 amid profit-taking. The Yen gained slightly on BoJ speculation, while the yuan steadied after a firmer PBoC fix. Traders await U.S. inflation data and Fed speeches for next policy cues.

Moneta Markets | 3 days ago