Daily Global Market Update
Euro's Minor Dip Against the Dollar
The Euro/Dollar pair saw a minor decrease of 0.2% in the last session. The MACD is giving a negative signal, suggesting a potential further decline.
Dollar Strengthens Against Yen
The Dollar rose by 0.6% against the Yen in the last session. The Ultimate Oscillator indicates that we are currently in an overbought market.
Gold's Drop Amid Market Volatility
The Gold/Dollar pair dropped by 0.9% in the last session. According to the Williams %R indicator, we are currently in an oversold market.
Meta's Stock Surge
Meta's stock gained 1.4% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
Global Financial Headlines
Amazon.com reached a market valuation of $2 trillion, reflecting heightened optimism around AI and potential interest rate cuts. Meanwhile, major US stock indexes experienced modest gains in a volatile session, with key events like the presidential debate and upcoming inflation reports closely watched by the Federal Reserve.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US Gross Domestic Product - 1230 GMT
• US Durable Goods Orders - 1230 GMT
• Australia's Consumer Inflation Expectations - 0100 GMT
• Eurozone Eurogroup Meetings - 0700 GMT
• Japan's Tokyo Consumer Price Index - 2330 GMT
• Japan's Unemployment Rate - 2330 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
