Daily Global Market Update

Oil prices rose slightly, while the Aussie dollar fell slightly. The Euro and Dollar traded sideways, while the Yen was overbought. China's stimulus boosted hedge fund returns, and Taiwan's Foxconn reported record revenue. US stocks are near record highs, and key economic events include UK retail sales, Japan's current account and labor earnings, US bill auctions, and Eurozone retail sales.

Oil's Upward Movement

Oil gained 0.7% against the dollar in the last session. The MACD is currently giving a positive signal.

 

 

Aussie Dollar's Minor Correction

The AUD/USD pair experienced a minor downward correction in the last session, dropping 0.1%. The Williams indicator is giving a negative signal.

 

 

Euro/Dollar Pair Sideways Trading

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

 

 

Dollar/Yen Pair Analysis

The USD/JPY pair traded sideways in the last session. The Stochastic RSI indicates an overbought market.

 

 

Global Financial Headlines

China-focused hedge funds report explosive returns in September due to a sharp rebound in Chinese stocks, driven by Beijing's aggressive stimulus package. Taiwan's Foxconn posts record Q3 revenue of $57.3 billion, up 20.2% year-on-year, driven by strong demand for AI servers. A high-stakes corporate earnings season begins this week, with investors hoping results will justify rich valuations in the US stock market. Strong US labour market data boosts the case for continued economic growth. The S&P 500 is up 20% year-to-date, nearing record highs.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• UK's BRC Like-for-Like Retail Sales - 2301 GMT

• Japan's Current Account - 2350 GMT

• Japan's Labor Cash Earnings - 2330 GMT

• US 6-Month Bill Auction - 1530 GMT

• US 3-Month Bill Auction - 1530 GMT

• Eurozone's Retail Sales - 0900 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
Gold, GBPUSD, EURUSD

Gold, GBPUSD, EURUSD

Delayed jobs report coming up; gold holds 4,045 support; UK CPI seen softer; GBPUSD under pressure; Eurozone PMIs steady; EURUSD faces resistance at 1.1660
XM Group | 1h 29min ago
Dollar Strengthens as Global Rate Cut Bets Fade | 17th November 2025

Dollar Strengthens as Global Rate Cut Bets Fade | 17th November 2025

The US Dollar strengthened as fading global rate-cut expectations boosted demand for safety and yield. Risk currencies like NZD, GBP, and EUR fell, while USD pairs firmed on resilient US data and cautious central bank outlooks. Mixed signals from China and weak UK/EU data kept sentiment soft, keeping USD in the driver’s seat.
Moneta Markets | 1h 52min ago
Trump retreats, dollar advances

Trump retreats, dollar advances

•The dollar rose thanks to lower tariffs. •The fate of the USD index depends on data. •The yen has taken a clear direction. •The pound is hoping for British inflation.
FxPro | 2h 37min ago
Trump retreats, dollar advances

Trump retreats, dollar advances

•The dollar rose thanks to lower tariffs. •The fate of the USD index depends on data. •The yen has taken a clear direction. •The pound is hoping for British inflation.
FxPro | 2h 37min ago
ATFX Market Outlook 17th November 2025

ATFX Market Outlook 17th November 2025

U.S. equities rebounded on Friday after a steep selloff as traders reassessed the likelihood of a Federal Reserve rate cut in December. However, the three major indices ended the week mixed: the S&P 500 rose 0.1%, the Dow gained 0.3%, while the Nasdaq fell 0.5%. The U.S. Dollar Index inched up 0.07% to 99.31. EUR/USD slipped 0.12% to 1.1617.
ATFX | 10h 16min ago
The market lacks liquidity

The market lacks liquidity

• The Fed may resume asset purchases. • Carry traders are selling the US dollar. • The chances of a BoE rate cut are increasing. • Japan is not yet ready for intervention.
FxPro | 2 days ago
The market lacks liquidity

The market lacks liquidity

• The Fed may resume asset purchases. • Carry traders are selling the US dollar. • The chances of a BoE rate cut are increasing. • Japan is not yet ready for intervention.
FxPro | 2 days ago