Daily Global Market Update
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
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