Daily Global Market Update

Oil drops 2.5% vs. dollar; oversold. Aussie dollar sideways, negative RSI. Euro-dollar stable, oversold. Dollar-yen flat, Stochastic signals negative. EU refrains from new Russia bans. Foxconn sees improvement amid chip shortages. US stocks at record high. Today: Germany Trade Balance, US ISM Services PMI, Japan Labor Cash Earnings, Australia Trade Balance/Imports, US ISM Services New Orders Index

Moneta Markets | hace 640

Oil's Decline Against the Dollar

The oil-dollar pair saw a significant drop of 2.5% in the previous session. According to the Williams %R indicator, the market is currently in an oversold state.

Aussie Dollar's Sideways Movement

The Aussie dollar traded sideways in the last session, with the RSI indicating a negative signal, suggesting potential downside.

Euro Dollar's Unchanged Position

The Euro-dollar pair remained largely unchanged in the last session, with the Stochastic RSI indicating an oversold market condition.

Dollar Yen's Static Trade

The dollar-yen pair's price remained largely unchanged in the last session, however, the Stochastic indicator signals a negative outlook, contradicting our overall technical analysis.

Global Financial Headlines

The European Commission has decided against imposing new import bans in its upcoming package of sanctions on Russia, as the 13th package proposal is finalised. Meanwhile, Taiwan's Foxconn anticipates a slight improvement in its business outlook despite facing chip shortages for AI servers. In the US, stocks ended higher last week, with the S&P 500 hitting an all-time closing high, buoyed by strong earnings and a robust January employment report, which, however, dims the prospects for an imminent Federal Reserve rate cut.

Today's Major Economic Events

A brief overview of today's key economic releases:

• Germany's Trade Balance - 0700 hours GMT

• US ISM Services PMI - 1500 hours GMT

• Japan's Labor Cash Earnings - 2330 GMT

• Australia's Trade Balance - 0030 GMT

• Australia's Imports - 0130 GMT

• US ISM Services New Orders Index - 1500 hours GMT

Moneta Markets

4.7

176 reviews

Tipo: STP, ECN

Reglamento: FCA (UK), FSA (Seychelles), FSCA (South Africa)

Tags: Análisis

Dollar Slips, Gold Softens as Shutdown Drags On | 6th November 2025

Markets traded cautiously as the U.S. shutdown hit record length, pressuring the Dollar near 100.00. Gold eased below $4,000 and silver held near $49 amid profit-taking. The Yen gained slightly on BoJ speculation, while the yuan steadied after a firmer PBoC fix. Traders await U.S. inflation data and Fed speeches for next policy cues.

Moneta Markets | hace 2h 23min

Markets buoyed by US data; equities rebound, dollar slips

US jobs and PMI data ease growth concerns, boosting sentiment. Wall Street indices close higher but stay cautious. Yields jump as Fed rate cut bets pared back, yet dollar retreats. Pound extends recovery ahead of BoE decision.

XM Group | hace 4h 39min

EBC Markets Briefing | Euro rebounds; clean energy has shined in 2025

The dollar stayed below multi-month highs on Thursday, with riskier assets recovering, while the euro ended its consecutive declines.

EBC Financial Group | hace 5h 30min

The pound fears the Bank of England

• The dollar risks weakening due to the stock market. • The Supreme Court calls tariffs taxes. • The pound fears a reduction in the repo rate. • Wage data does not help the yen.

FxPro | hace 5h 49min

Gold (XAUUSD) Analysis: Is a Price Squeeze Signaling Volatility Ahead?

Gold (XAUUSD) is consolidating within a tight range as technical indicators point to potential volatility ahead. The daily chart suggests oversold conditions with possible short-term recovery, while resistance near 4015.00 and support at 3950.00 remain key pivot zones likely to define the next directional move.

Ultima Markets | hace 5h 56min