Daily Global Market Update
Euro's Gain Against Dollar
The Euro experienced an increase of 0.5% against the dollar in the last session. The Stochastic RSI indicates that we are currently in a market with a positive outlook.
Steady Dollar Yen Price
The Dollar Yen price remained largely unchanged in the last session. The Stochastic RSI suggests an overbought market.
Gold-Dollar Pair's Surge
The gold-dollar pair saw a significant increase of 1.5% in the last session. The Stochastic indicator is providing a negative signal, suggesting caution.
Microsoft Shares Uptick
Microsoft shares rose by 0.6% in the last session. The RSI's positive signal aligns with our overall technical analysis.
Global Financial Headlines
The dollar weakened and the Yen rebounded from near their multi-decade lows after the Federal Reserve held interest rates steady, as expected. Wall Street's main stock indexes rallied, with policymakers projecting three US rate cuts this year even as inflation remains elevated. Britain's inflation cooled to 3.4% in February, offering some respite to Prime Minister Rishi Sunak ahead of an expected election later this year.
Today's Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• Japan's Jibun Bank Manufacturing PMI - 00:30 GMT
• Germany's Bundesbank Monthly Report - 11:00 GMT
• US Initial Jobless Claims - 12:30 GMT
• US Current Account - 12:30 GMT
• Australia's Unemployment Rate - 00:30 GMT
• UK's Public Sector Net Borrowing - 07:00 GMT
Why is EURUSD falling even though the Fed has softened its rhetoric?
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Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
