Daily Global Market Update

Euro falls 0.2% against dollar, Dollar-Yen stable, Gold up 0.3%, Nike shares increase 0.1%. Dollar strong on US labor data, EU considers sanctions on China. Key data today: Germany, Australia, Eurozone, Japan GDP, US jobless claims.

Euro's Slight Downturn

The Euro experienced a marginal decline of 0.2% against the dollar in the recent trading session. The Stochastic RSI indicates an oversold market condition.

 

 

Dollar Yen's Steady Movement

The Dollar-Yen pair exhibited a sideways trend in the last session. The Williams %R indicator is currently signaling a bullish momentum.

 

 

Gold's Incremental Gain

Gold rose by 0.3% against the dollar in the last trading session. The Stochastic RSI suggests an oversold market condition.

 

 

Nike Shares' Slight Uptick

Nike shares saw a minor upward correction, increasing by 0.1% in the last session. The MACD indicator is giving a bullish signal.

 

 

Global Financial Headlines

The dollar held near a two-week high against a basket of currencies as investors reacted to US economic data indicating a cooling labor market and speculations of Federal Reserve rate cuts next year. US stocks and Treasury yields fluctuated following reports of fewer job openings and unexpected growth in service businesses last month. In Europe, leaders are contemplating imposing new sanctions and trade penalties on China if it does not address economic tensions and limit exports to Russia for its war in Ukraine, as per EU officials ahead of the Beijing summit.

 

Today's Key Economic Events

Here's a snapshot of major economic releases expected today:

• Germany's Industrial Production - 0700 hours GMT

• Australia's Exports - 0030 hours GMT

• Eurozone's Gross Domestic Product - 1000 hours GMT

• Japan's Gross Domestic Product - 2330 GMT

• US Initial Jobless Claims - 1330 GMT

• Australia's Trade Balance - 0030 hours GMT

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