Daily Global Market Update

Oil and Aussie Dollar rose with positive indicators; Euro traded steady, Dollar/Yen sideways. Global highlights: Nissan's China EV plans, Chinese entities avoid foreign devices; Wall Street adjusts 2024 rate forecasts. Key releases: US housing data, German Ifo indicators.

Oil's Upward Trend

Oil marked a gain of 0.3% against the dollar in the last session. The RSI indicator is currently signaling a positive trend.

 

 

Aussie Dollar Stability

The Australian Dollar displayed minimal changes in its last session. The MACD is emitting a positive signal, aligning with the broader technical outlook.

 

 

Euro's Consistent Course

The Euro/Dollar pair traded without significant change in the last session. The RSI suggests a positive signal, consistent with our overall analysis.

 

 

Dollar/Yen Pair's Stable Movement

The Dollar/Yen pair experienced sideways movement in its last session. Contrary to our broader analysis, the Ultimate Oscillator is showing a positive signal.

 

 

Global Financial Headlines

Nissan Motor plans to sell China-developed electric vehicles globally, leveraging a new partnership with the country's top university. Meanwhile, various Chinese agencies and state-backed firms are reportedly avoiding Apple iPhones and foreign devices at work. Wall Street is re-evaluating its 2024 interest rate forecasts, expecting potential rate cuts following a dovish shift from the Federal Reserve.

 

Upcoming Economic Highlights

Key economic releases to watch out for include:

• US NAHB Housing Market Index - 1500 GMT

• US 3-Month Bill Auction - 1630 GMT

• US 6-Month Bill Auction - 1630 GMT

• Germany's Ifo Business Climate - 0900 GMT

• Germany's Ifo Current Assessment - 0900 GMT

• Germany's Ifo Expectations - 0900 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)
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