Daily Global Market Update
Oil's Decline in the Market
Oil dropped by 0.7% against the dollar in the last trading session. The Commodity Channel Index (CCI) is indicating a negative signal.
Australian Dollar's Slight Decline
The Australian dollar dropped 0.3% against the US dollar in the last session. The Stochastic RSI is signalling a positive market trend.
Euro's Slight Decline
The Euro dipped 0.2% against the US dollar in the last trading session. The Relative Strength Index (RSI) is signalling a positive trend.
Yen's Decline Against the Dollar
The US dollar gained 0.7% against the Japanese yen in the last session. The Stochastic RSI is giving a positive signal.
Global Financial Headlines
Oil prices settled lower, marking their fourth consecutive weekly gain as US sanctions on Russian energy trade raised concerns over supply disruptions. Meanwhile, TikTok ceased operations in the United States, disappearing from major app stores. Smaller US companies saw pressure as the Russell 2000 index marked a 10% correction from November highs, while the S&P 500 showed less decline, decreasing by 3% during the same period.
Upcoming Economic Highlights
Key economic events to watch include:
• Germany's Producer Price Index - 07:00 GMT
• Eurozone's Construction Output - 10:00 GMT
• Japan's Capacity Utilisation - 04:30 GMT
• Japan's Industrial Production - 04:30 GMT
• Japan's Tertiary Industry Index - 04:30 GMT
• UK's Rightmove House Price Index - 01:00 GMT
US 30, EURUSD, USDJPY
Market greed has shifted to smaller names
Fed Chair Powell pushes the dollar off a cliff
Euro Rallies Against Dollar After Powell's Cautious Jackson Hole Speech
EURUSD remains rangebound after pullback from four-week high
Bitcoin drags crypto down
EBC Markets Briefing | Hang Seng eyes 4-year high
