Daily Global Market Update

The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.
Moneta Markets | 323 dias atrás

Euro's Minor Dip Against the Dollar

The Euro/Dollar pair saw a minor decrease of 0.2% in the last session. The MACD is giving a negative signal, suggesting a potential further decline.

 

 

Dollar Strengthens Against Yen

The Dollar rose by 0.6% against the Yen in the last session. The Ultimate Oscillator indicates that we are currently in an overbought market.

 

 

Gold's Drop Amid Market Volatility

The Gold/Dollar pair dropped by 0.9% in the last session. According to the Williams %R indicator, we are currently in an oversold market.

 

 

Meta's Stock Surge

Meta's stock gained 1.4% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

 

 

Global Financial Headlines

Amazon.com reached a market valuation of $2 trillion, reflecting heightened optimism around AI and potential interest rate cuts. Meanwhile, major US stock indexes experienced modest gains in a volatile session, with key events like the presidential debate and upcoming inflation reports closely watched by the Federal Reserve.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• US Gross Domestic Product - 1230 GMT

• US Durable Goods Orders - 1230 GMT

• Australia's Consumer Inflation Expectations - 0100 GMT

• Eurozone Eurogroup Meetings - 0700 GMT

• Japan's Tokyo Consumer Price Index - 2330 GMT

• Japan's Unemployment Rate - 2330 GMT

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ATFX Market Outlook 16th May 2025

ATFX Market Outlook 16th May 2025

U.S. retail sales increased at a much weaker rate in April as the pre-tariff scramble to purchase automobiles exhausted itself and shoppers trimmed other spending in the face of growing economic uncertainty. In addition, Federal Reserve Chairman Jerome Powell stated the Fed needs to reconsider its existing employment and inflation paradigm within monetary policy.
ATFX | 19h 14min atrás