Daily Global Market Update

The euro saw a 0.3% increase against the dollar, while the Dollar-Yen pair remained stable. Gold had a minor 0.1% drop, and Google's shares rose by 1.8%. The Pound gained against the dollar due to a weaker U.S. currency and positive UK business data, while global economic concerns and China-Germany financial cooperation were noted.

Moneta Markets | 383 days ago

Euro's Positive Ascent

The euro witnessed an uplift of 0.3% against the dollar in its last trading activity. Analysis using the Ultimate Oscillator indicates a favourable market direction.

Dollar-Yen's Steady Stance

The Dollar-Yen pair remained mostly stable in its recent trading session. The Stochastic RSI indicates a potential downtrend.

Gold's Minimal Slip

Gold marked a minor decline of 0.1% against the dollar during the last trading episode. As per the RSI, we're treading in an oversold territory.

Google's Encouraging Trajectory

Google's shares witnessed a robust ascent of 1.8% in the previous trading session. The Ultimate Oscillator provides a positive insight aligning with the general technical analysis.

Global Economic News

The Pound, responding to a weakening U.S. currency and optimistic UK business activity data, recorded gains against the dollar after almost a week. On the international front, the UN has raised concerns regarding the potential for a protracted global economic slowdown. These concerns stem from the need for a reformed global financial structure, improved policies targeting inflation, inequality, and sovereign debt, along with fortified market regulation. At the diplomatic level, China and Germany renewed their financial cooperation agreement after four years, highlighting China's ongoing relationship with Europe's leading economy amidst global political dynamics.

Upcoming Economic Highlights

Anticipated economic releases include:

• U.S Continuing Jobless Claims - 1230 GMT

• Germany's Trade Balance - 0600 hours GMT

• U.S Initial Jobless Claims - 1230 GMT

• Australia's Trade Balance - 0330 GMT

• Japan's Overall Household Spending - 2330 GMT

• Germany's Exports - 0600 hours GMT

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Tags: Analysis

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PU Prime | 1h 36min ago

Daily Global Market Update

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Moneta Markets | 1h 57min ago

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ACY Securities | 2h 12min ago

US Dollar Gains Amid Higher Yields and Political Uncertainty

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ACY Securities | 2h 12min ago