Daily Global Market Update
Oil-Dollar Pair's Decline
The oil-dollar pair experienced a significant decline of 1.8% in the last session. The Rate of Change (ROC) indicator is giving a negative signal, suggesting potential downward pressure on the pair.
Australian Dollar Pair's Sideways Movement
The Aussie dollar pair traded sideways in the last session. Contrary to the oil-dollar pair, the Moving Average Convergence Divergence (MACD) indicator is giving a positive signal for this pair.
Euro-Dollar Pair's Sideways Movement
Similarly, the euro-dollar pair traded sideways in the last session, with the MACD indicating a positive signal, suggesting stability in this pair.
Dollar-Yen Pair's Sideways Movement
In line with the previous pairs, the dollar-yen pair also traded sideways in the last session. However, the Stochastic RSI is giving a positive signal for this pair.
Global Market Headlines
Turning to global headlines, China's consumer prices rose for a third consecutive month in April, signaling improving domestic demand. Meanwhile, Seeker's shares soared nearly 35% above their IPO price, marking a strong debut for the electric vehicle maker in the US market.
Upcoming Economic Events
Here's a glimpse of today's economic calendar:
• US 3-Month Bill Auction - 1530 GMT
• US 6-Month Bill Auction - 1530 GMT
• Finland's Current Account - 0500 GMT
• Portuguese Consumer Price Index - 1000 GMT
• Eurozone's Eurogroup Meeting - 0700 GMT
• Japan's Producer Price Index - 2350 GMT
Inflation in the US will not make the Fed's rate cut in September comfortable
Gold approached the upper limit of the 4-month trading range
Dollar extends slide ahead of PCE inflation data
September Market Insights: How Volatility, Institutional Flows, and Global Trends Shape Fall Trading
While the dollar is confused, the S&P 500 faces NVIDIA’s rebalancing threat
August was the best month for gold since April
EBC Markets Briefing | Aussie dollar stalls on US GDP beat
