Daily Global Market Update
Oil-Dollar Pair's Gain
The Oil-Dollar pair saw an increase of 0.6% in the last session, with a peak rise of 1.6%. The Williams Percent Range indicator suggests an overbought market condition.
Australian Dollar's Stable Movement
The Australian Dollar traded sideways last session, with the Commodity Channel Index (CCI) indicating a positive trend.
Euro-Dollar Pair's Stable Movement
The Euro-Dollar also traded sideways, with the Rate of Change (ROC) showing a positive signal.
Dollar-Yen's Neutral Trend
The Dollar-Yen pair displayed a sideways movement with a negative signal from the Rate of Change (ROC).
Global Financial Headlines
Hyundai Motors's India unit seeks regulatory approval for a stock market listing in Mumbai, potentially the nation's biggest IPO, with the South Korean parent planning to sell up to a 17.5% stake. The NASDAQ eked out a fifth straight record closing high following gains in Adobe and other tech-related shares, while the S&P 500 and Dow ended slightly lower.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US 3-Month Bill Auction - 1530 GMT
• US 6-Month Bill Auction - 1530 GMT
• Eurozone's Euro Group Meeting - 0700 GMT
• Germany's Boer Monthly Report - 1000 GMT
• Italy's Consumer Price Index - 0800 GMT
• Australia's Consumer Inflation Expectations - 0100 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
