Daily Global Market Update
Oil's Sharp Decline
Oil against the dollar saw a significant drop of 2% in the last session. The MACD indicator suggests a positive outlook despite the fall.
Aussie Dollar's Stability
The Aussie dollar price remained largely unchanged in the last session. The ROC indicator signals a negative direction.
Euro's Overbought Condition
The euro against the dollar remained largely unchanged in the last session. The CCI indicates an overbought market.
Dollar Yen's Sideways Movement
The dollar Yen pair traded sideways in the last session. The stochastic indicator signals potential headwinds.
Global Financial Headlines
The Bank of Japan may exit negative interest rates as soon as March, should this year's wage negotiations result in increases exceeding 4%, according to former Central Bank board member Makoto Sakurai. VinFast seeks a reduction in Indian import duties to familiarize customers with its EVs ahead of local production. Nvidia's market value briefly reached $2 trillion, driven by demand for its AI chips.
Upcoming Economic Highlights
Here's a brief rundown of today’s anticipated economic releases:
• US New Home Sales - 1500 hours GMT
• US 6-Month Bill Auction - 1630 GMT
• US 3-Month Bill Auction - 1630 GMT
• US 5-Year Note Auction - 1800 hours GMT
• Irish Consumer Confidence - 0001 GMT
• Japan's National Consumer Price Index - 2330 GMT
DAX40 and FTSE100 outperform the S&P500, rejecting economists' pessimism
Neither the US rating nor Coinbase's problems hurt Bitcoin
Dollar Falls, Pound Gains: May 15, 2025
Rating downgrade didn’t spook US markets, but the fundamental picture is deteriorating
Dollar continues to struggle
Euro Rises as US Dollar Comes Under Pressure Amid Budget Deficit Concerns
GBPUSD exits bearish channel
