Daily Global Market Update
Oil's Robust Surge
The oil-dollar pair experienced a significant rise, soaring by 2.2% in the latest session, and even reaching a 2.6% increase at its peak. The Stochastic RSI points to an overbought market, suggesting a potential pullback.
Aussie Dollar's Stagnancy
The Australian dollar remained virtually unchanged in the last session. The Relative Strength Index is casting a negative signal, indicating that the AUD might be under pressure.
Euro's Unchanged Stance
The Euro-Dollar pair remained largely unchanged in the recent session. The Stochastic indicator emits a negative signal, hinting at potential declines for the Euro.
Dollar-Yen's Sideways Movement
The Dollar-Yen pair traded sideways in the last session. The Stochastic indicator provides a positive signal, potentially forecasting an upswing for the pair.
Global Financial Headlines
Oil prices ended the previous week on a high note, with geopolitical tensions in the Middle East influencing the markets. Toyota plans to restart its Japanese vehicle plants, while investors are showing a renewed interest in cash, marking the largest inflow since March 2023.
Upcoming Economic Highlights
Today's key economic events include the US 3-month and 6-month Bill auctions, Eurozone retail sales, Germany's Factory orders, and Japan's Tokyo CPI. These releases are crucial for investors to gauge the health of various economies.
• US 3-Month Bill Auction - 1530 GMT
• US 6-Month Bill Auction - 1530 GMT
• Eurozone Retail Sales - 1000 GMT
• Germany Factory Orders - 0700 GMT
• Japan Tokyo CPI - 2330 GMT
• Japan Tokyo Consumer Price Index - 2330 GMT
Pound shines as strong data limits room for BoE’s rate cut
Dollar’s recovery proves short lived as fiscal worries prevail
EUR/USD Could Climb as Dollar Faces Mounting Risks
Crypto Climbs Back to January Highs
USDCAD bounce proves unsustainable
ETHUSD Analysis: Be Wary of the Upper Suppression
5 Takeaways from Joe DiNapoli’s 2025 Gold Outlook with EBC
