Daily Global Market Update

The Euro plunged sharply, while the Yen surged significantly. Gold prices plummeted, and Apple shares saw a modest gain. The US Dollar soared to a 4-month high post-US election, boosting US stocks to record highs. The Fed's rate cut path is expected to slow down. Key economic events include the US FOMC Press Conference, Australian and Japanese economic data, and German Industrial Production.

Moneta Markets | 33 days ago

Euro's Sharp Decline

The EUR/USD pair plummeted by 1.6% in the last session. The Stochastic indicator is giving a positive signal.

Yen's Significant Rise

The USD/JPY pair surged by 1.9% in the last session. The Stochastic RSI is giving a positive signal.

Gold's Steep Drop

The Gold/USD pair plummeted by 2.9% in the last session. The MACD is giving a negative signal.

Apple's Modest Gain

Apple shares gained 0.5% in the last session. The Stochastic indicator is giving a negative signal.

Global Financial Headlines

The dollar soared to a 4-month high after Republican Donald Trump won the US presidential election, with policies expected to spur higher US growth and inflation. US stocks soared to record highs, with the Dow Industrials, S&P 500, and NASDAQ Composite all hitting record highs. President-elect Donald Trump's return to the White House appears to slow the Federal Reserve's path for interest rate cuts, with new policies poised to boost the economy and potentially reverse the slowdown in inflation.

Upcoming Economic Highlights

Key economic events to look out for include:

• US FOMC Press Conference - 1930 GMT

• Australia's Exports - 0300 GMT

• Japan's Foreign Reserves - 2350 GMT

• Japan's 10Y Bond Auction - 0335 GMT

• Australia's Trade Balance - 0300 GMT

• Germany's Industrial Production - 0700 GMT

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

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 | 10h 32min 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 | 11h 9min 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 | 12h 4min 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 | 1 day ago

Daily Global Market Update

Oil-dollar pair and AUD/USD fell, oversold. EUR/USD corrected slightly, positive signal. USD/JPY sideways, oversold. S&P 500 strong, TikTok divestment, China's gold buying. Watch Japan's labor earnings, Eurozone unemployment, Germany's industrial production, and US core inflation.

Moneta Markets | 1 day ago

Dollar Rises on Jobs Data; Yen Gains on GDP Growth

The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday's Consumer Price Index (CPI) release for further clues on inflation and potential mon

PU Prime | 1 day ago

ATFX Market Outlook 5th December 2024

U.S. stock index futures approached record highs on Wednesday, following Wall Street's gains driven by the tech sector and positive remarks from Federal Reserve Chair Jerome Powell. Powell's comments, likely the last before the Fed's December meeting, indicated cautious optimism about inflation and economic strength amid market uncertainties.

ATFX | 4 days ago

EURUSD	1.0512	GBPUSD	1.27481	AUDUSD	0.63743
USDJPY	152.077	USDCAD	1.4169	USDCHF	0.8829