Daily Global Market Update

The EUR/USD and USD/JPY pairs traded sideways, with negative signals from Stochastic and MACD, respectively. Gold/USD dropped 0.2%, while Volkswagen stock rose 0.4% with oversold conditions. US dollar mixed after inflation data, Wall Street fell, and Harris's presidential odds rose. Oil prices surged due to hurricane fears.

EUR/USD Sideways Movement

The EUR/USD pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

 

 

USD/JPY Sideways Trading

The USD/JPY pair traded sideways in the last session. The MACD is giving a negative signal.

 

 

Gold's Minor Downward Correction

The Gold/USD pair made a minor downwards correction in the last session, dropping 0.2%. The Williams Percent Range indicator is giving a negative signal.

 

 

Volkswagen Stock Rise

The last session saw Volkswagen's stock rise 0.4%. The Stochastic indicator suggests an oversold market.

 

 

Global Financial Headlines

The US dollar showed mixed performance in choppy trading after data revealed a rise in underlying inflation in August, reinforcing expectations of a smaller 25 basis point interest rate cut by the Federal Reserve next week. Wall Street's main indexes fell following the latest inflation numbers, which dampened hopes for a larger interest rate cut. Meanwhile, odds of Democrat Kamala Harris winning the US Presidency increased after a televised debate. In the energy sector, US crude oil climbed more than $2 a barrel, driven by fears of lengthy production shutdowns in the offshore oil patch as Hurricane Francine approached.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US Monthly Budget Statement - 18:00 GMT

• Germany's Wholesale Price Index - 06:00 GMT

• US Producer Price Index - 12:30 GMT

• US Initial Jobless Claims - 12:30 GMT

• Spain's Harmonised Index of Consumer Prices - 07:00 GMT

• Spain's Consumer Price Index - 07:00 GMT

Regulacja: FSA (Seychelles), FSCA (South Africa)
read more
Dollar Falls, Pound Gains: May 15, 2025

Dollar Falls, Pound Gains: May 15, 2025

Global financial markets on May 20, 2025, are driven by central bank actions and geopolitical developments, with focus on the RBA’s press conference post-rate cut, PBoC’s LPR reduction, and potential Russia-Ukraine ceasefire talks.
Moneta Markets | 3g 18 minut temu
ATFX Market Outlook 20th May 2025

ATFX Market Outlook 20th May 2025

Different Federal Reserve officials made speeches, issuing warnings on the impact of the U.S. sovereign credit rating downgrade as well as market volatility, as they continue to work in a very uncertain economic environment. Stocks in the U.S. closed nearly even on Monday, with the market mood dampened following the comments on the U.S. credit rating downgrade.
ATFX | 12g 1 minut temu
ATFX Market Outlook 19th May 2025

ATFX Market Outlook 19th May 2025

Despite a sharp decline in consumer sentiment, U.S. stocks extended gains on Friday, supported by optimism over the recent U.S.-China tariff truce. The University of Michigan survey showed May confidence fell to a three-year low, while 12-month inflation expectations surged to their highest since 1981.
ATFX | 1 dni temu
ATFX Market Outlook 16th May 2025

ATFX Market Outlook 16th May 2025

U.S. retail sales increased at a much weaker rate in April as the pre-tariff scramble to purchase automobiles exhausted itself and shoppers trimmed other spending in the face of growing economic uncertainty. In addition, Federal Reserve Chairman Jerome Powell stated the Fed needs to reconsider its existing employment and inflation paradigm within monetary policy.
ATFX | 4 dni temu