Daily Global Market Update
Crude Oil's Significant Decline
Oil experienced a notable decline, closing 0.9% lower after an intra-session dip of 1.9%. The RSI indicator is currently showing a negative signal.
Australian Dollar's Upward Movement
The AUD/USD pair showed a slight upward correction, gaining 0.1% in the last session. The Stochastic indicator is providing a positive signal.
Euro's Positive Performance
The EUR/USD pair advanced by 0.4% in the last session. The RSI indicator is showing a positive signal.
Japanese Yen's Strength
The USD/JPY pair saw the dollar decline by 0.5% against the yen in the last trading session. The Williams Percent Range indicator is showing a negative signal.
Global Financial Headlines
Oil markets remain in focus following Israel's retaliatory strike on Iran, which notably avoided disrupting oil infrastructure and nuclear facilities. Oil futures saw a 4% gain last week amid market uncertainty. China's industrial sector faced challenges with September profits declining 27.1% year-over-year, marking the steepest monthly drop of the year. In technology sector news, Nvidia has surpassed Apple as the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion.
Upcoming Economic Highlights
Key economic events to watch include:
• US Dallas Fed Manufacturing Business Index - 1430 GMT
• US 3-Month Bill Auction - 1530 GMT
• Finland's Consumer Confidence - 0600 GMT
• Finland's Industrial Confidence - 0600 GMT
• Japan's Jobs Applicants Ratio - 2330 GMT
• Japan's Unemployment Rate - 2330 GMT
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