Daily Global Market Update

Euro up 0.7%, caution due to conflicting indicators. Dollar-yen drops 1.6%, oversold signal. Gold rises 2.2%, supported by positive CCI. Nike stock up 1.2%, watch for overbought. USD weakens globally, policy shift possible. Key releases: UK housing, US retail sales, Finland CPI, Australia employment, Japan industrial production, Spain HICP.

Euro's Upward Movement

The Euro showed a notable increase of 0.7% against the dollar in the last session. Despite this, the stochastic indicator is signaling a negative outlook, challenging our broader technical analysis.

 

 

Dollar-Yen Pair's Decline

The dollar-yen pair experienced a significant drop of 1.6% in the last session. The stochastic RSI indicates that we are currently in an oversold market.

 

 

Gold's Strong Performance

Gold surged by 2.2% against the dollar in the last trading session. The CCI's positive signal aligns well with the overall bullish sentiment in our technical analysis.

 

 

Nike Stock's Rise

Nike's stock witnessed a rise of 1.2% in the last session. However, the Williams indicator is pointing towards an overbought market, suggesting potential caution for traders.

 

 

Global Financial Headlines

The dollar weakened against the Euro and Yen following the Federal Reserve's indication that the era of tight U.S. monetary policy may be concluding, with lower borrowing costs expected in 2024. Wall Street awaits further insights from Federal Reserve Chief Jerome Powell. Meanwhile, the Bank of England is poised to maintain interest rates amid emerging economic vulnerabilities.

 

Upcoming Economic Highlights

Here are today's key economic releases:

• UK's RICS Housing Price Balance - 0001 hours GMT

• U.S. Retail Sales - 1330 hours GMT

• Finland's Consumer Price Index - 0600 hours GMT

• Australia's Employment Change - 0030 hours GMT

• Japan's Industrial Production - 0430 hours GMT

• Spain's Harmonized Index of Consumer Prices - 0800 hours GMT

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