Daily Global Market Update
Oil's Slight Bump
Oil experienced a slight increase of 0.1% against the dollar in the last session. The RSI is signaling a negative outlook.
Aussie Dollar's Dip
The Aussie dollar dipped by 0.2% against the dollar in the last session. The stochastic RSI indicates an oversold market.
Euro Dollar Pair's Sideways Movement
The euro dollar pair traded sideways in the last session. The MACD is giving a negative signal.
Dollar Yen Price's Stability
The dollar yen price remained largely unchanged in the last session. The Ultimate Oscillator is giving a negative signal.
World Financial News Highlights
Oil prices slipped on Friday, with the possibility of a Gaza ceasefire weakening crude benchmarks. Meanwhile, the war in Europe and shrinking US rig count cushioned the fall. China has introduced guidelines to phase out US microprocessors from Intel and AMD from government PCs and servers. The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favor of domestic options. The S&P 500 ended little changed on Friday but registered its biggest weekly percentage gain of 2024 after the Federal Reserve stuck with projections for three interest rate cuts by year's end.
Major Economic Events Today
Here are today's major economic events:
• US Chicago Fed National Activity Index at 1230 GMT
• US New Home Sales at 1400 GMT
• Irish Consumer Confidence at 0001 GMT
• Dutch Gross Domestic Product at 0530 GMT
• Japan's Coincident Index at 0500 GMT
• Japan's Leading Economic Index at 0500 GMT
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