Daily Global Market Update

The oil-dollar pair rose by 1.2%, while the Aussie dollar remained stable and oversold. The Euro-dollar and Dollar-Yen pairs traded sideways with mixed signals. Nvidia's AI chip struggled in China, Dell's shares hit a record high, and U.S. stocks, led by NASDAQ, gained for a fifth week. Key upcoming economic events include the Eurozone's Eurogroup meeting and German and Japanese indicators.

Oil-Dollar Pair's Jump

The oil dollar pair (CL1!) experienced a significant increase of 1.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

 

 

Aussie Dollar Remains Stable

The Aussie Dollar price remained largely unchanged in the last session. The Stochastic RSI indicates that we are currently in an oversold market.

 

 

Euro-Dollar Pair Trades Sideways

The Euro-Dollar pair (EUR/USD) traded sideways in the last session. The Stochastic indicator is signalling a negative outlook.

 

 

Dollar-Yen Pair's Stability

The Dollar-Yen pair (USD/JPY) traded sideways in the last session. The Relative Strength Index (RSI) is giving a positive signal.

 

 

Global Financial Headlines

Nvidia's advanced AI chip developed for the China market has faced a slow start, pricing below a competing product from Chinese tech giant Huawei. Shares of Dell Technologies soared to a record high, buoyed by optimism in generative AI technology. U.S. stocks, particularly the NASDAQ, saw a fifth consecutive week of gains following positive consumer inflation outlooks.

 

Upcoming Economic Highlights

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

• Eurozone's Eurogroup meeting - 0700 GMT• Germany's IFO Business Climate - 0800 GMT• Germany's IFO Current Assessment - 0800 GMT• Germany's IFO Expectations - 0800 GMT• Japan's Coincident Index - 0500 GMT• Japan's Leading Economic Index - 0500 GMT

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