Daily Global Market Update

Euro-Dollar steady, oversold; Dollar gains 0.6% vs Yen, overbought; Gold down 1%, bearish trend; Nike shares -0.2%, negative signal; US Dollar peaks, robust retail data; Global stocks fall, rate cut resistance; UK CPI at 4%, rate cut unlikely; Upcoming: Dutch, Australian unemployment, Euro account, Japan CPI, UK housing, Australian employment.
Moneta Markets | 588 dagar sedan

Euro-Dollar Pair's Sideways Movement

The Euro-Dollar pair exhibited a sideways trend in the last session. The CCI indicator points towards an oversold market condition.

 

 

Dollar's Gain Against the Yen

In the last session, the Dollar strengthened by 0.6% against the Yen. The CCI suggests we are currently in an overbought market.

 

 

Gold's Downward Trend

Gold saw a decline of 1% in the latest session. The Ultimate Oscillator's negative signal corroborates the downtrend observed in gold.

 

 

Nike Shares' Minor Correction

Nike shares experienced a slight downward adjustment, dropping by 0.2% in the last session. The Stochastic RSI indicates a negative signal for Nike's stock.

 

 

Global Financial Headlines

The US Dollar Index reached a new one-month high following US retail sales data, which indicated economic robustness and reduced likelihood of immediate Federal Reserve rate cuts. Meanwhile, global stocks declined as markets adjusted to central banks resisting interest rate cuts and uneven signs of China's economic recovery. The UK's annual CPI accelerated to 4% in December, suggesting a reduced likelihood of an early Bank of England rate cut.

 

Upcoming Economic Highlights

Key economic releases to look out for include:

• Dutch Unemployment Rate - 0530 GMT

• Australia's Employment Change - 0030 GMT

• Euro Zone's Current Account - 0900 GMT

• Japan's National CPI - 2330 GMT

• UK's RICS Housing Price Balance - 0001 GMT

• Australia's Unemployment Rate - 0030 GMT

Förordning: FCA (UK), FSA (Seychelles), FSCA (South Africa)
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