Daily Global Market Update
EUR/USD Remains Stable
The EUR/USD pair remained largely unchanged in the last session. The Stochastic RSI indicates that the market is currently overbought.
USD/JPY's Minor Upward Correction
The USD/JPY pair made a minor upward correction in the last session, gaining 0.1%. The Ultimate Oscillator is currently giving a positive signal.
Gold's Decline Against the Dollar
Gold fell by 0.5% against the dollar in the last session. The Stochastic RSI is giving a negative signal.
NIO Shares Plummet
Shares of NIO plummeted 7.7% in the last session. The Commodity Channel Index (CCI) is giving a negative signal.
Global Financial Headlines
The dollar dropped after the Federal Reserve cut interest rates by half a percentage point, citing great confidence that inflation will continue to recede to the US Central Bank's 2% annual target. This larger-than-usual reduction in borrowing costs followed growing unease about the health of the job market. US stocks closed with modest losses, well off their intraday highs, after the Federal Reserve's decision, which marked its first cut in more than four years.
Upcoming Economic Highlights
Key economic events to look out for include:
• Dutch Unemployment Rate - 0430 GMT
• Germany's German Buba Monthly Report - 1000 GMT
• Australia's Unemployment Rate - 0130 GMT
• UK's GfK Consumer Confidence - 2301 GMT
• US Initial Jobless Claims - 1230 GMT
• Australia's Employment Change - 0130 GMT
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US 100, EURUSD, GBPUSD
