Daily Global Market Update
Euro Dollar's Stable Stance
The Euro Dollar pair showed no significant change in the last session. The ROC's negative signal presents a contradiction to our overall technical outlook.
Dollar Yen's Consistent Level
The Dollar Yen pair remained stable in the last session. The MACD's negative signal clashes with our broader technical analysis.
Gold's Minor Upward Correction
The Gold Dollar pair adjusted slightly upwards in the last session, with a 0.2% gain. The MACD indicates a positive signal.
Nike Shares' Slight Increase
Nike shares experienced a minor rise of 0.2% in the last session. The Ultimate Oscillator is emitting a positive signal.
Financial Market Overview
The dollar edged up as traders overlooked US manufactured goods data, awaiting the Federal Reserve's preferred inflation measure for hints on rate cuts. Wall Street saw a decline, with tech stocks leading the downturn. The US economy's growth was slightly revised down to a 3.2% annual pace in the last quarter, driven by robust consumer spending.
Today's Major Economic Events
Today's significant economic announcements include:
• Germany's Unemployment Rate - 0855 hours GMT
• US Personal Spending - 1330 hours GMT
• US Initial Jobless Claims - 1330 hours GMT
• Japan's Annualized Housing Starts - 0500 hours GMT
• Japan's Unemployment Rate - 2330 hours GMT
• French Consumer Price Index - 0745 GMT
DAX40 and FTSE100 outperform the S&P500, rejecting economists' pessimism
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Rating downgrade didn’t spook US markets, but the fundamental picture is deteriorating
Dollar continues to struggle
Euro Rises as US Dollar Comes Under Pressure Amid Budget Deficit Concerns
GBPUSD exits bearish channel
