Daily Global Market Update

Euro/Dollar rose 0.1%, signaling bullish momentum. Dollar/Yen gained 0.2%, Gold stable but with a bearish signal. Alibaba fell 1.2%. Dollar declined; Wall Street high, European shares down. Economic agenda: US jobless claims, Dutch CPI, UK housing price balance.

Moneta Markets | 258 days ago

Euro's Slight Uptick

The Euro/Dollar pair exhibited a modest increase, marking a 0.1% rise in the last session. The Williams %R indicator is currently signaling bullish momentum.

Dollar Yen's Incremental Gain

The Dollar/Yen pair advanced by 0.2% in the latest session, with the Stochastic RSI indicator providing a positive signal, aligning with our comprehensive technical outlook.

Gold's Stability

Gold prices remained relatively stable in the last trading session. However, the Stochastic RSI indicator suggests a bearish signal for the commodity.

Alibaba's Downward Trend

Alibaba shares fell by 1.2% during the last session, with the Stochastic RSI indicating continued negative momentum for the stock.

Financial Market Insights

The dollar experienced further declines, consolidating after a recent bounce spurred by unexpectedly robust US economic data and Federal Reserve officials' pushback against the market's anticipation of imminent interest rate cuts. Wall Street's major indices, including the S&P 500, reached new heights, buoyed by strong US earnings and investor scrutiny of policymaker remarks for interest rate direction cues. Conversely, European shares edged lower, influenced by a downturn in banking stocks and losses among major energy companies like Equinor and Total Energies following their latest updates, causing the pan-European STOXX 600 index to close 0.3% down.

Today's Economic Agenda

A glance at the key economic events scheduled for today:

• US Initial Jobless Claims - 1330 GMT

• US Continuing Jobless Claims - 1330 GMT

• Dutch Consumer Price Index - 0530 GMT

• Japan's Eco Watchers Survey Outlook - 0500 GMT

• Japan's Eco Watchers Survey Current - 0500 GMT

• UK's RICS Housing Price Balance - 0001 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Tags: Analysis

Loonie Stops Falling in Anticipation of the Rate Decision

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Loonie Stops Falling in Anticipation of the Rate Decision

FxPro | 14h 39min ago

EBC Markets Briefing | Silver keeps pace with gold in the fog of war

Gold hovered near an all-time peak on Wednesday, driven by safe-haven demand amid US election uncertainties and rising geopolitical tensions.

EBC Financial Group | 18h 43min ago

Crypto market undergoes correction

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market undergoes correction

FxPro | 19h 8min ago

Dollar, gold and US yields continue to rise

Euro is under pressure again as ECB dovish commentary lingers; Gold makes a new all-time high despite the 10-year US yield rise; US equities trade with low conviction ahead of Tesla earnings; BoC to announce another rate cut, loonie could suffer

XM Group | 19h 48min ago

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

PU Prime | 22h 35min ago

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Moneta Markets | 22h 57min ago

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | 23h 11min ago

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.

ACY Securities | 23h 12min ago

EURUSD	1.07917	GBPUSD	1.29274	AUDUSD	0.66473
USDJPY	152.25	USDCAD	1.38251	USDCHF	0.86596