Daily Global Market Update

Oil prices (CL1!) dropped 2.6%, Aussie dollar (AUDUSD) flat but oversold, Euro (EURUSD) steady with positive signal, Yen (USDJPY) unchanged with positive signal. China's fuel imports down, tech outage disrupts markets. US economic data and Eurozone meeting eyed today.

Oil-Dollar Pair's Sharp Decline

The oil-dollar pair (CL1!) plummeted by 2.6% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Aussie Dollar's Sideways Movement

The Aussie dollar (AUDUSD) traded sideways in the last session. The CCI indicates that we are in an oversold market.

 

 

Euro-Dollar's Steady Stance

The Euro-Dollar pair (EURUSD) remained largely unchanged in the last session. The ROC is giving a positive signal.

 

 

Dollar-Yen's Unchanged Value

The Dollar-Yen price (USDJPY) remained largely unchanged in the last session. The CCI is giving a positive signal.

 

 

Global Financial Headlines

China's total fuel imports slipped 11% in the first half of 2024 amid weak refining margins and poor fuel demand. A global tech outage linked to a software update by cybersecurity firm CrowdStrike disrupted millions of Microsoft devices, affecting various services and causing stock indexes to falter.

 

Upcoming Economic Highlights

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

• US Chicago Fed National Activity Index - 1230 GMT

• US 3-Month Bill Auction - 1530 GMT

• Germany's Retail Sales - 0600 GMT

• Eurozone's Eurogroup Meeting - 0700 GMT

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