Daily Global Market Update

Oil prices dropped after initial gain. AUD, EUR flat, USD/JPY up slightly. Financial news: Intel replaced in Dow Jones, Canadian dollar weakens, Amazon surges. Watch US factory orders, bill auctions and note auction later.

Crude Oil's Decline

The WTI Crude Oil experienced a significant decline, falling 1.7% in the last session after an initial gain of 1.1%. The Commodity Channel Index (CCI) is currently showing a positive signal.

 

 

AUD/USD Stability

The Australian dollar remained relatively stable against the US dollar in the latest session. The Rate of Change (ROC) indicator is presenting a positive signal.

 

 

EUR/USD Analysis

The EUR/USD pair showed minimal movement in the last session. The Stochastic indicator suggests a positive trend ahead.

 

 

USD/JPY Movement

The USD/JPY pair recorded a slight upward correction, gaining 0.2% in the last session. The CCI indicator is currently showing a negative signal.

 

 

Global Financial Headlines

Intel is set to be replaced by Nvidia in the prestigious Dow Jones Industrial Average index after a 25-year tenure, highlighting the shifting dynamics in the semiconductor industry. The Canadian dollar has weakened to a two-year low against its US counterpart ahead of the US presidential election, despite positive domestic factory activity data. Wall Street's major indices ended higher, with Amazon.com rising 6.2% following strong earnings that exceeded Wall Street expectations.

 

Upcoming Economic Highlights

Key economic events to watch:

• US Factory Orders - 1500 GMT

• US 3-Month Bill Auction - 1630 GMT

• US 6-Month Bill Auction - 1630 GMT

• US 3-Year Note Auction - 1800 GMT

• Austrian Unemployment Rate - 0800 GMT

• Japan's Monetary Base - 2350 GMT

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