Daily Global Market Update

The Euro weakened against the Dollar, while the Dollar strengthened against the Yen. Gold and Meta stock rose. The Canadian dollar strengthened after a rate cut with hawkish guidance. Wall Street rallied, led by tech stocks. Key economic events to watch include US CPI, Bank of Canada's Monetary Policy Report, Eurozone Industrial Production, UK GDP, and Japan Machinery Orders.
Moneta Markets | 36 days ago
Stocktwits

Euro's Decline Against the Dollar

The last trading session saw the Euro fall by 0.3% against the dollar. The CCI indicator is giving a negative signal.

 

 

Dollar Gains Against the Yen

The dollar gained 0.3% against the yen in the last trading session. The Stochastic indicator is giving a positive signal.

 

 

Gold's Positive Movement

Gold rose by 0.8% against the dollar in the last trading session. The MACD is giving a positive signal.

 

 

Meta Stock's Significant Gain

Meta stock rose by 1.5% in the last trading session. The Ultimate Oscillator is indicating a positive signal.

 

 

Global Financial Headlines

The Canadian dollar strengthened as the Bank of Canada cut interest rates by 0.5% but adopted hawkish guidance. Wall Street saw tech stocks rally, pushing the NASDAQ above 20,000 points for the first time after a US inflation report heightened expectations of a Federal Reserve rate cut.

 

Upcoming Economic Highlights

Key events to monitor include:

• US Consumer Price Index (CPI) - 1230 GMT

• Bank of Canada's Monetary Policy Report - 1400 GMT

• Eurozone Industrial Production - 0900 GMT

• UK GDP Preliminary Reading - 0700 GMT

• Japan Machinery Orders - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
Tags: Analysis
Stocktwits
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Daily Global Market Update

Daily Global Market Update

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ATFX Market Outlook 16th January 2025

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ATFX | 1 day ago
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