Daily Global Market Update
Euro's Minor Correction
The EUR/USD pair made a slight downward correction in the last session, falling 0.1%. The RSI indicates a positive signal, suggesting potential upward momentum.
Dollar-Yen Pair's Decline
The USD/JPY pair dropped 0.9% in the last session. The CCI suggests the market is currently oversold, indicating potential for a reversal.
Gold's Upward Movement
Gold gained 0.5% against the dollar in the last session. The Stochastic RSI suggests the market is in an overbought condition.
Microsoft Stock's Positive Performance
Microsoft's stock rose 1.5% in the last session. The Rate of Change (ROC) indicates a positive signal, aligning with bullish market sentiment.
World Financial News
The dollar weakened against major peers following cooler-than-expected inflation data, reducing fears of accelerating inflation and increasing the likelihood of Federal Reserve interest rate cuts. US equities rallied, with all three major indexes recording their largest daily percentage gains in over two months.
Upcoming Economic Highlights
Key economic events to monitor:
• Netherlands Unemployment Rate - 0530 GMT
• US Import Price Index - 1330 GMT
• UK NIESR GDP Estimate - 1200 GMT
• Australia's Participation Rate - 0030 GMT
• Australia's Consumer Inflation Expectations - 0100 GMT
• UK Manufacturing Production - 0700 GMT
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German economic sentiment rebound supports the euro
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US 100, EURUSD, GBPUSD
