Daily Global Market Update

Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,

Euro's Downward Correction

The EUR/USD pair made a minor downward correction in the last session, dropping 0.2%. According to the RSI, the market is currently oversold.

 

 

Dollar's Gain Against Yen

The dollar gained 0.4% against the yen in the last session. The MACD is giving a positive signal.

 

 

Gold's Market Position

The Gold/Dollar pair gained 0.5% in the last session. According to the CCI, the market is currently overbought.

 

 

Nike's Stock Performance

Nike's stock rose 2.2% in the last session. The CCI is giving a positive signal.

 

 

Global Financial Headlines

The Canadian dollar rose against its US counterpart as investors assessed the Bank of Canada's potential policy easing. US stocks were mixed, and gold gained strength as bank earnings exceeded expectations. Spain's benchmark IEX closed at its highest since January 2010, following a rally of over 18% this year.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• Australia's Employment Change - 0030 GMT

• Eurozone's Harmonized Index of Consumer Prices - 0900 GMT

• Australia's Unemployment Rate - 0030 GMT

• Dutch Unemployment Rate - 0430 GMT

• Japan's Tertiary Industry Index - 0430 GMT

• US Retail Sales - 1230 GMT

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