Daily Global Market Update

The Euro/Dollar pair saw a slight increase, while the Dollar/Yen remained stable. Gold prices traded sideways, and Google's stock rose. The pound strengthened against the dollar as expectations for US interest rate cuts grew. The S&P 500 and NASDAQ edged up due to a decline in US job data. Gold prices fell slightly.

Euro/Dollar's Slight Uptick

The Euro/Dollar pair experienced a minor upward correction, gaining 0.2% in the last session. The MACD is giving a positive signal.

 

 

Dollar/Yen's Stability

The Dollar/Yen price remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal.

 

 

Gold's Sideways Movement

The Gold/Dollar pair traded sideways in the last session. The ROC is giving a positive signal.

 

 

Google's Stock Rise

Google shares rose by 0.4% in the last session. The ROC is giving a negative signal.

 

 

Global Financial Headlines

The pound steadied near the one-year high it touched against the dollar the previous day, with the US currency under pressure from rising expectations of Federal Reserve interest rate cuts. The S&P 500 and the NASDAQ edged up as a sharp downward revision in US jobs data for the year ended March 2024 indicated a slowdown in the labour market, propping up hopes the Federal Reserve would cut interest rates this month. Gold prices eased with investors looking forward to the minutes from the US Federal Reserve's latest policy meeting for more cues on interest rate cuts. Spot gold was down 0.2%.

 

Upcoming Economic Highlights

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

• UK's GfK Consumer Confidence - 2301 GMT

• Belgian Consumer Confidence Index - 0900 GMT

• Eurozone's Consumer Confidence - 1400 GMT

• US Initial Jobless Claims - 1230 GMT

• US Continuing Jobless Claims - 1230 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

Moneta Markets
Type: STP, ECN
Regulation: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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