Daily Global Market Update
Oil's Decline Against the Dollar
The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.
Aussie Dollar's Sideways Movement
The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.
Euro's Sideways Movement
The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
Dollar's Decline Against the Yen
The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.
Global Financial Headlines
Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.
Upcoming Economic Highlights
Key economic events to look out for include:
• US 3-month Bill Auction - 1530 GMT
• US 6-month Bill Auction - 1530 GMT
• Germany's Producer Price Index - 0600 GMT
• China's PBOC Interest Rate Decision - 0115 GMT
• New Zealand's Exports - 2145 GMT
• New Zealand's Imports - 2145 GMT
US inflation: a step back before the run-up?
EBC Markets Briefing | Wall St back in green with Nvidia jumping
Yen Edges Higher as Market Capitalises on News-Driven Rebound
GBPUSD Analysis: The Fed Still Has Expectations of Cuts This Year
Crypto market grows on altcoins
Dollar struggles to maintain its recent gains
EBC’s Million Dollar Trading Challenge II | Tariffs Test Traders as Top Performers Turn the Tide
