Daily Global Market Update
Euro's Slight Bump
The Euro experienced a modest increase of 0.1% against the dollar in the latest session. The MACD indicator is showing a negative signal, aligning with our comprehensive technical analysis.
Dollar Yen's Minor Dip
The Dollar/Yen pair saw a decline of 0.1% in the last session, with the CCI indicating an overbought market.
Gold's Market Position
Gold's price remained largely stable in the last session, with the CCI suggesting an oversold market condition.
Alibaba's Stock Gain
Alibaba's stock appreciated by 1.4% in the previous session, with the MACD indicator providing a negative signal.
Global Financial Headlines
The dollar witnessed a decline against the yen following a statement from a Japanese official regarding market movements, as the Yen hovered on the weaker side of the 150 threshold. In the UK, Consumer Price Inflation remained steady at 4% in January, contrary to the anticipated increase, hinting at potential rate cuts by the Bank of England. Gold prices stayed near a two-month low, under the $2,000 per ounce mark, as a US inflation report stronger than expected led to adjusted forecasts for Federal Reserve rate cuts.
Upcoming Economic Highlights
Today's key economic releases include:
• US Retail Sales - 1330 GMT
• Australia's Unemployment Rate - 0030 GMT
• Dutch Unemployment Rate - 0530 GMT
• UK's Gross Domestic Product - 0700 GMT
• Japan's Industrial Production - 0430 GMT
• US Industrial Production - 1415 GMT
Market greed has shifted to smaller names
Fed Chair Powell pushes the dollar off a cliff
Euro Rallies Against Dollar After Powell's Cautious Jackson Hole Speech
EURUSD remains rangebound after pullback from four-week high
Bitcoin drags crypto down
EBC Markets Briefing | Hang Seng eyes 4-year high
Markets React to Powell’s Dovish Tone: Gold Slips, USD Mixed Across Majors | 25th August 2025
