Daily Global Market Update
Euro/Dollar Pair's Uplift
The Euro/Dollar pair rose 0.6% in the last session, with gains reaching as much as 1% during the trading hours. The Stochastic RSI indicates a positive outlook.
Dollar/Yen's Slight Decline
The Dollar dipped by 0.2% against the Yen in the last session. The MACD signals negative trends ahead.
Gold's Modest Rise
The Gold/Dollar pair experienced a rise of 0.4% in the last session. Despite this increase, the MACD continues to signal a bearish outlook.
Amazon's Stock Decline
Amazon's stock dropped by 0.6% in the last session, with the Stochastic RSI indicating an overbought market.
Global Financial Highlights
The S&P 500 and NASDAQ reached record closing highs for the third consecutive day following softer-than-expected consumer prices data. However, these indices closed lower from the day's peaks after the Federal Reserve's projection of only one interest rate cut this year.
Upcoming Economic Highlights
Today's key economic events include:
• US Initial Jobless Claims - 1230 GMT
• US Producer Price Index - 1230 GMT
• Eurozone Industrial Production - 0900 GMT
• Eurogroup Meeting - 0700 GMT
• Australia Employment Change - 0130 GMT
• Australia Unemployment Rate - 0130 GMT
Why is EURUSD falling even though the Fed has softened its rhetoric?
France’s Political Turmoil and Trump’s Grip on the Fed Increase FX Volatility
Are Bullish Shares Disconnected from Underlying Fundamentals?
Equities rebound ahead of Nvidia earnings, dollar also firms
Gold Surges Amid Mounting Global Risks
EBC Markets Briefing | Sterling eases but looks robust
Leading altcoins are once again attempting to pull the crypto market upwards
