Daily Global Market Update

Euro's Minor Dip Against the Dollar

The EUR/USD pair experienced a slight decline of 0.1% in the last trading session. The Stochastic RSI indicates that the market is currently oversold.

Dollar Yen's Significant Surge

The USD/JPY pair saw a substantial increase of 1.8% in the last session. The Stochastic RSI suggests that the market is currently overbought.

Gold's Sideways Movement

The Gold/USD pair traded sideways in the last session. The Williams Percent Range indicator suggests that the market is currently overbought.

Apple Stock's Slight Increase

Apple stock experienced a minor rise of 0.3% in the last session. The Stochastic RSI is currently giving a negative signal.

Global Financial Headlines

The dollar reached a 3-week high against the Euro following the ADP National Employment Report, which showed US private payrolls increased more than expected in September. This comes ahead of Friday's highly anticipated jobs data. The S&P 500 and NASDAQ edged higher but remained near two-week lows as investors monitored potential escalations in geopolitical tensions in the Middle East. A recent survey has alleviated concerns about a rapid cooldown in the US labour market. Markets remain cautious as Israel and the US vowed to retaliate after Iran's attack on Israel. The attack has renewed interest in safe-haven assets, and oil prices have surged. However, with uncertainty surrounding the evolving situation in the Middle East, investors are proceeding cautiously, questioning whether Iran's strike marks an escalation or is more of a one-off response to Israel.

Upcoming Economic Highlights

Key economic events to look out for include:

• US ISM Services PMI - 14:00 GMT

• Australia's Exports - 01:30 GMT

• Japan's 10-year Bond Auction - 03:35 GMT

• Eurozone's Producer Price Index - 09:00 GMT

• French 10-year Bond Auction - 09:00 GMT

• Australia's Trade Balance - 01:30 GMT