Daily Global Market Update
Euro's Upward Trend
The Euro-Dollar pair saw a rise of 0.3% in the last session. The Stochastic indicator, however, is presenting a negative signal.
Dollar Yen Pair's Progress
The Dollar-Yen pair increased by 0.8% in the last session. A positive signal is indicated by the Stochastic indicator.
Gold's Retreat
Gold experienced a 0.3% decrease against the dollar in the last trading session. The Williams indicator suggests an oversold market condition.
Google's Stock Performance
Google's stock witnessed a gain of 0.7% in the last session. The market appears overbought according to the Williams indicator.
Global Financial Headlines
The dollar strengthened against the Yen but saw a slight decline versus the Euro. Market participants are awaiting US inflation data for indications on the Federal Reserve's interest rate decisions. Mixed sentiment prevailed in global markets, with Tokyo's benchmark reaching its highest level since March 1990, boosted by a weaker Yen benefiting exporters. European markets showed a lack of momentum as they awaited the US inflation reports.
Economic Events to Watch
Today's key economic releases include:
• Dutch Consumer Price Index - 0530 GMT
• US Consumer Price Index - 1330 GMT
• Australia's Trade Balance and Imports - 0030 GMT
• US Initial Jobless Claims - 1330 GMT
• Japan's Current Account - 2350 GMT
Weak PMIs Failed to Dampen GBPUSD
Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend
EBC Markets Briefing | Loonie closer to key support on easing policy
Stocks under pressure amid US election jitters, dollar extends gains
Technical Analysis – GBPJPY at 3-Month High
Has Bitcoin Completed a Correction?
EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand
