Daily Global Market Update

Oil prices dipped amid geopolitical tensions and economic concerns. The Australian dollar and euro strengthened, while the Japanese yen appreciated against the US dollar. Key economic events like the US Dallas Fed Manufacturing Business Index and Japanese unemployment rate are upcoming, which may influence market sentiment.

Moneta Markets | 44 days ago

Crude Oil's Significant Decline

Oil experienced a notable decline, closing 0.9% lower after an intra-session dip of 1.9%. The RSI indicator is currently showing a negative signal.

Australian Dollar's Upward Movement

The AUD/USD pair showed a slight upward correction, gaining 0.1% in the last session. The Stochastic indicator is providing a positive signal.

Euro's Positive Performance

The EUR/USD pair advanced by 0.4% in the last session. The RSI indicator is showing a positive signal.

Japanese Yen's Strength

The USD/JPY pair saw the dollar decline by 0.5% against the yen in the last trading session. The Williams Percent Range indicator is showing a negative signal.

Global Financial Headlines

Oil markets remain in focus following Israel's retaliatory strike on Iran, which notably avoided disrupting oil infrastructure and nuclear facilities. Oil futures saw a 4% gain last week amid market uncertainty. China's industrial sector faced challenges with September profits declining 27.1% year-over-year, marking the steepest monthly drop of the year. In technology sector news, Nvidia has surpassed Apple as the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion.

Upcoming Economic Highlights

Key economic events to watch include:

• US Dallas Fed Manufacturing Business Index - 1430 GMT

• US 3-Month Bill Auction - 1530 GMT

• Finland's Consumer Confidence - 0600 GMT

• Finland's Industrial Confidence - 0600 GMT

• Japan's Jobs Applicants Ratio - 2330 GMT

• Japan's Unemployment Rate - 2330 GMT

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

All Eye on Today’s CPI

Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist.

PU Prime | 4h 45min ago

Geopolitics and Market Trends Why the Dollar Remains a Strong Bet

Global financial markets are in flux, influenced by a mix of geopolitical developments and central bank policies. Recent events in South Korea, including a brief imposition of martial law, have highlighted the fragility of regional stability and reinforced the appeal of the U.S. dollar.

ACY Securities | 6h 35min ago

FX Market Insights and Bitcoin’s Path Beyond $100K

As 2024 concludes, global financial markets find themselves at pivotal crossroads. From shifts in major currency pair trends to Bitcoin breaking through the $100,000 milestone, this year has been a testament to the evolving dynamics of both traditional and digital markets. Let’s explore the most significant developments shaping these realms and what lies ahead.

ACY Securities | 7h 17min ago

Japanese Yen Weakens as USD/JPY Climbs Amid BoJ Rate Hike Uncertainty

The USD/JPY pair reached a high of 151.07 on Tuesday, marking its highest level in a week. This movement is largely attributed to ongoing uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ).

RoboForex | 1 day ago

Daily Global Market Update

Gold up, Euro and Pound flat. Bitcoin down. Wall Street falls on Nvidia and inflation worries. Crypto investment surges as Bitcoin hits record high. Oracle misses earnings. Key economic events: US inflation, UK production, Japan's GDP, Eurozone and German industrial data, German consumer confidence.

Moneta Markets | 1 day ago

Gold Surge on Rising Geopolitical Issues

Gold surged to a two-week high, reflecting heightened demand for safe-haven assets amid rising geopolitical uncertainties.

PU Prime | 1 day ago

USDJPY, EURUSD, USDCAD

US CPI to be another clue ahead of Fed decision; USDJPY remains steady around 150.50; ECB to cut rates by 25 bps; EURUSD fails to extend above 1.0600; BoC to continue rate cuts in 2024; USDCAD surges to 4½-year high

XM Group | 1 day ago

ATFX Market Outlook 9th December 2024

US stock futures were little changed on Monday as investors await crucial inflation data later this week, which could influence the Federal Reserve's next interest rate decision. Gold remains a haven amid rising geopolitical tensions and inflation fears. Crude Oil slides more than 1% on Friday and is set to close off the week in the red.

ATFX | 2 days ago

EURUSD	1.05012	GBPUSD	1.27292	AUDUSD	0.63423
USDJPY	152.576	USDCAD	1.41881	USDCHF	0.8844