Daily Global Market Update
Oil's Slight Gain
Oil experienced a marginal increase of 0.2% against the dollar in the last session. The Stochastic RSI suggests a bullish outlook for the commodity.
Aussie Dollar's Steady Performance
The Australian dollar traded sideways in the last session, with the Stochastic RSI indicating a divergence from our overall technical analysis.
Euro Dollar's Sideways Movement
The Euro Dollar pair traded sideways in the last session, with the CCI giving a positive signal, suggesting potential upward momentum.
Dollar Yen's Positive Outlook
The Dollar Yen pair traded sideways in the last session, with the MACD indicator providing a positive signal in line with our overall technical analysis.
Global Economic Insights
IMF's Managing Director, Kristalina Georgieva, remains optimistic about the global economy's resilience amid geopolitical uncertainties. Jeff Bezos has initiated a significant share sell-off plan from Amazon, liquidating around $2 billion worth. The US trade deficit's dynamics are shifting, highlighting the country's growing stature as a major oil exporter.
Today's Economic Events
Important economic releases to watch include the US Monthly Budget Statement, Japan's Producer Price Index, and the UK's and Japan's CFTC net positions, among others.
• US Monthly Budget Statement - 1900 hours GMT
• Japan's Producer Price Index - 2350 GMT
• Japan's CFTC JPY NC Net Positions - 2030 GMT
• Finland's Current Account - 0600 hours GMT
• US 3-Month Bill Auction - 1630 GMT
• UK's CFTC GBP NC Net Positions - 2030 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
