Daily Global Market Update
Euro's Minor Dip Against the Dollar
The Euro/Dollar pair saw a minor decrease of 0.2% in the last session. The MACD is giving a negative signal, suggesting a potential further decline.
Dollar Strengthens Against Yen
The Dollar rose by 0.6% against the Yen in the last session. The Ultimate Oscillator indicates that we are currently in an overbought market.
Gold's Drop Amid Market Volatility
The Gold/Dollar pair dropped by 0.9% in the last session. According to the Williams %R indicator, we are currently in an oversold market.
Meta's Stock Surge
Meta's stock gained 1.4% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
Global Financial Headlines
Amazon.com reached a market valuation of $2 trillion, reflecting heightened optimism around AI and potential interest rate cuts. Meanwhile, major US stock indexes experienced modest gains in a volatile session, with key events like the presidential debate and upcoming inflation reports closely watched by the Federal Reserve.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US Gross Domestic Product - 1230 GMT
• US Durable Goods Orders - 1230 GMT
• Australia's Consumer Inflation Expectations - 0100 GMT
• Eurozone Eurogroup Meetings - 0700 GMT
• Japan's Tokyo Consumer Price Index - 2330 GMT
• Japan's Unemployment Rate - 2330 GMT
Why is EURUSD falling even though the Fed has softened its rhetoric?
France’s Political Turmoil and Trump’s Grip on the Fed Increase FX Volatility
Are Bullish Shares Disconnected from Underlying Fundamentals?
Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
