Daily Global Market Update

Oil prices held steady, AUD/USD and EUR/USD pairs traded flat, USD/JPY stalled, US stocks surged on tech earnings. Upcoming economic events include US Dallas Fed Manufacturing and Eurozone Business Climate reports.

Moneta Markets | 29 days ago

Oil Prices Remain Stable

The price of oil saw little change in the last session. The stochastic RSI is indicating a positive signal.

AUD/USD Pair Trades Sideways

The AUD/USD pair showed little movement in the last session. The ROC is giving a mixed signal.

EUR/USD Price Stability

The euro-dollar price remained largely unchanged in the last session. The CCI is giving a positive signal.

USD/JPY Stalls

The dollar-yen price remained largely unchanged in the last session. The Williams indicator suggests an overbought market.

US Stocks Rally on Tech Earnings

US stocks ended the week strong, buoyed by a rally in mega-cap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Alphabet breached the $2 trillion market value mark for the first time since November 2021, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Amazon is set to report on Tuesday, and Apple on Thursday.

Upcoming Economic Events

Here are today's major economic events:

• US Dallas Fed Manufacturing Business Index - 1430 GMT

• US 3-Month Bill Auction - 1530 GMT

• Eurozone Business Climate - 0900 GMT

• Finland's Consumer Confidence - 0500 GMT

• Japan's Unemployment Rate - 2330 GMT

• Japan's Large Retailer Sales - 2350 GMT

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

Commodity prices Surge as Geopolitical Tension Rise

The market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday's session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on Friday.

PU Prime | 21h 52min ago

Daily Global Market Update

The EUR/USD rose 0.1%, Gold increased 0.5%, GBP/USD gained 0.2%, and Bitcoin surged 1.6%. Global highlights: Canada's stock index rose, Ethereum’s meme coins surged, and Amazon’s AWS plans a major investment in Italy. Key events: Eurogroup meeting, US S&P/Case-Shiller Home Price Indices, US Consumer Confidence, Australia's Retail Sales, US Redbook Index, and Germany’s Wholesale Price Index.

Moneta Markets | 22h 24min ago

German business climate worse than expected; euro/pound under pressure

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: German business climate worse than expected; euro/pound under pressure

FxPro | 1 day ago

Japanese yen slightly rises against USD

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73.

RoboForex | 1 day ago

USDJPY, EURUSD, AUDUSD

US Core PCE price index may boost USDJPY to surpass 156.00; Eurozone preliminary CPI attracts traders’ attention with EURUSD standing above 1.0800; Australia monthly CPI indicator may be a breath for AUDUSD

XM Group | 1 day ago

Dollar Dips Ahead of Key Data, Fed Insights

The Dollar Index dipped as investors took profits ahead of key economic data and events later this week

PU Prime | 1 day ago

Daily Global Market Update

The oil-dollar pair rose by 1.2%, while the Aussie dollar remained stable and oversold. The Euro-dollar and Dollar-Yen pairs traded sideways with mixed signals. Nvidia's AI chip struggled in China, Dell's shares hit a record high, and U.S. stocks, led by NASDAQ, gained for a fifth week. Key upcoming economic events include the Eurozone's Eurogroup meeting and German and Japanese indicators.

Moneta Markets | 1 day ago

Analysing Global Currency Trends Amid US Bond Market Volatility and Central Bank Policies

Violent moves in the US bond market have favoured the USD. This could be consistent with higher US interest rates post-GFC being front run since they increased quicker than the Fed's funds rate.

ACY Securities | 2 days ago

EURUSD	1.08472	GBPUSD	1.27487	AUDUSD	0.66503
USDJPY	157.285	USDCAD	1.36608	USDCHF	0.9123