Daily Global Market Update

Crude oil and the dollar fell 1%, while the Aussie dollar dipped 0.1%, the euro-dollar remained stable but bearish, and the dollar-yen rate was unchanged with a bullish signal. South Korea's exports showed improvement, Samsung reported losses, and MSCI's global equities ended slightly negative. Upcoming economic updates include key data releases in the U.S., Netherlands, Austria, and Japan.

Moneta Markets | Pred 596 dňami

Crude Oil and the Dollar Developments

The oil-dollar pairing experienced a descent of 1% in its last trading session. Observations using the Stochastic RSI infer an oversold market scenario.

Aussie Dollar's Slight Dip

The Aussie-dollar pairing evidenced a nominal retreat of 0.1% in the previous session. The Stochastic delineates a bearish trend.

Euro Dollar's Steady Performance

The euro-dollar exchange rate remained relatively consistent in the prior trading engagement. The MACD suggests a bearish trajectory.

Dollar Yen's Stable Path

The dollar-yen rate stayed largely unaffected in the last trading session. Intriguingly, the MACD furnishes a bullish signal, complementing our comprehensive technical analysis.

Global Market Headlines

South Korea's export figures evince a tempered fall in September, contrary to prevailing market forecasts, signifying the slightest decline in an ongoing year-long downturn. This trend is an encouraging harbinger for the global economy, especially considering South Korea's pivotal role in global industrial outputs. Samsung's DS division posted an operating loss for the first time in 14 years, with a deficit of 4.6 trillion won in the initial quarter. This loss is attributed to the mounting chip inventories amidst dwindling global demand. Nonetheless, Samsung anticipates a decrease in its chip shortfall in the upcoming third quarter, thanks primarily to its ongoing reduction in chip production. MSCI's worldwide equities concluded the previous week on a marginally negative note. Investors worldwide are girding themselves for an imminent U.S. government lockdown and are recalibrating their portfolios in anticipation of the quarter's culmination.

Upcoming Economic Updates

Today, the financial arena is poised for several pivotal economic disclosures:

• U.S ISM Manufacturing PMI - 1400 hours GMT

• U.S ISM Manufacturing Employment Index - 1400 hours GMT

• Dutch Market Manufacturing PMI - 0500 hours GMT

• Austria's Unemployment Rate - 0700 hours GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

• Japan's Monetary Base - 2350 GMT