Daily Global Market Update
Oil's Slight Gain
Oil experienced a marginal increase of 0.2% against the dollar in the last session. The Stochastic RSI suggests a bullish outlook for the commodity.
Aussie Dollar's Steady Performance
The Australian dollar traded sideways in the last session, with the Stochastic RSI indicating a divergence from our overall technical analysis.
Euro Dollar's Sideways Movement
The Euro Dollar pair traded sideways in the last session, with the CCI giving a positive signal, suggesting potential upward momentum.
Dollar Yen's Positive Outlook
The Dollar Yen pair traded sideways in the last session, with the MACD indicator providing a positive signal in line with our overall technical analysis.
Global Economic Insights
IMF's Managing Director, Kristalina Georgieva, remains optimistic about the global economy's resilience amid geopolitical uncertainties. Jeff Bezos has initiated a significant share sell-off plan from Amazon, liquidating around $2 billion worth. The US trade deficit's dynamics are shifting, highlighting the country's growing stature as a major oil exporter.
Today's Economic Events
Important economic releases to watch include the US Monthly Budget Statement, Japan's Producer Price Index, and the UK's and Japan's CFTC net positions, among others.
• US Monthly Budget Statement - 1900 hours GMT
• Japan's Producer Price Index - 2350 GMT
• Japan's CFTC JPY NC Net Positions - 2030 GMT
• Finland's Current Account - 0600 hours GMT
• US 3-Month Bill Auction - 1630 GMT
• UK's CFTC GBP NC Net Positions - 2030 GMT
5 Takeaways from Joe DiNapoli’s 2025 Gold Outlook with EBC
EURUSD tactical retreat ahead of 1.25 spurt
Pound Falls, Euro Dips: May 22, 2025
Weak eurozone PMI cementing the resistance area near 1.1300
Dollar, Treasuries and stocks extend slide on fiscal concerns
WTI oil futures slide on OPEC supply outlook
Sterling Strengthens Weak US Dollar and UK Inflation Provide Support
