Daily Global Market Update

Oil and Aussie Dollar up, Euro and Yen mixed. Hyundai India seeks record IPO in Mumbai. NASDAQ sets new high, US stock indices flat. Watch US bill auctions, Eurozone meeting, and inflation data for market direction. Buckle up for an intriguing day in financial markets!

Oil-Dollar Pair's Gain

The Oil-Dollar pair saw an increase of 0.6% in the last session, with a peak rise of 1.6%. The Williams Percent Range indicator suggests an overbought market condition.

 

 

Australian Dollar's Stable Movement

The Australian Dollar traded sideways last session, with the Commodity Channel Index (CCI) indicating a positive trend.

 

 

Euro-Dollar Pair's Stable Movement

The Euro-Dollar also traded sideways, with the Rate of Change (ROC) showing a positive signal.

 

 

Dollar-Yen's Neutral Trend

The Dollar-Yen pair displayed a sideways movement with a negative signal from the Rate of Change (ROC).

 

 

Global Financial Headlines

Hyundai Motors's India unit seeks regulatory approval for a stock market listing in Mumbai, potentially the nation's biggest IPO, with the South Korean parent planning to sell up to a 17.5% stake. The NASDAQ eked out a fifth straight record closing high following gains in Adobe and other tech-related shares, while the S&P 500 and Dow ended slightly lower.

 

Upcoming Economic Highlights

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

• US 3-Month Bill Auction - 1530 GMT

• US 6-Month Bill Auction - 1530 GMT

• Eurozone's Euro Group Meeting - 0700 GMT

• Germany's Boer Monthly Report - 1000 GMT

• Italy's Consumer Price Index - 0800 GMT

• Australia's Consumer Inflation Expectations - 0100 GMT

Reglamento: FCA (UK), FSA (Seychelles), FSCA (South Africa)
read more
Fed hawks lower expectations for Powell’s Jackson Hole speech

Fed hawks lower expectations for Powell’s Jackson Hole speech

September rate cut in question as Fed officials reluctant to switch policy. Dollar firms as bets grow that Powell will not send strong rate cut signal. Wall Street slips again as tech stocks continue to wobble. Oil headed for weekly gains as Ukraine peace efforts run into trouble.
XM Group | hace 2
GBP/USD: Friday correction after surge

GBP/USD: Friday correction after surge

On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector.
RoboForex | hace 2
Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady | 22nd August 2025

Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady | 22nd August 2025

Markets hold steady ahead of Powell’s Jackson Hole speech, with gold near $3,330 and silver slipping toward $38.00 as Fed cut bets fade. WTI rallies toward $63.50 on strong U.S. demand and supply concerns. AUD/USD stays under pressure near 0.6410 on dollar strength, while USD/CNY steadies around 7.1320 after a firmer PBoC fix. Traders brace for Powell’s policy signals.
Moneta Markets | hace 2
ATFX ​Market Outlook 22nd August 2025

ATFX ​Market Outlook 22nd August 2025

Ahead of Fed Chair Jerome Powell’s speech tonight, three Fed officials poured cold water on expectations of a September rate cut. U.S. PMI data showed stronger business activity in August, but weekly jobless claims posted the most significant increase in nearly three months, highlighting continued labor market weakness.
ATFX | hace 2