Daily Global Market Update

Oil dipped slightly but may rebound soon. AUD/USD may find support soon, EUR/USD likely to decline further, USD/JPY flat but may rise. Gold prices fell on strong US jobs data. Investors await inflation data and Fed meeting to assess economic outlook. S&P 500 up 12% YTD. Upcoming events: US bill auctions, Finland industrial output, Australia industrial production, Japan economic surveys.

Moneta Markets | 132 days ago

Oil's Minor Decline

Oil experienced a decrease of 0.3% against the dollar in the last session. The Stochastic RSI indicates a positive signal, suggesting a potential reversal or strength in the upcoming sessions.

AUD/USD Market Stagnation

The AUD/USD pair traded sideways in the last session. The Stochastic RSI signals an oversold market, indicating that the currency pair may find some support or reversal soon.

EUR/USD's Downward Correction

The EUR/USD pair fell by 0.2% in the last session. The MACD is giving a negative signal, which may indicate further declines or a continuation of the current downward trend.

USD/JPY Stability

The USD/JPY price remained largely unchanged in the last session. The Ultimate Oscillator is giving a positive signal, suggesting potential upward momentum or stability in price.

Global Financial Headlines

Gold prices saw accelerated declines following a stronger-than-average US jobs report, dampening expectations for US interest rate cuts this year. This bearish sentiment is further supported by data indicating that China, a top consumer, refrained from bullion purchases in May. Meanwhile, China's exports saw growth, providing some economic relief as the country seeks a durable recovery. Investors are now keenly awaiting this week's inflation numbers and Federal Reserve meeting to gauge the likelihood of a 'soft landing' for the economy. The S&P 500 has risen over 12% year-to-date, buoyed by optimism that the Federal Reserve can temper inflation without stifling growth.

Upcoming Economic Highlights

Today's major economic events include:

• US 3-Month Bill Auction - 1530 GMT

• US 6-Month Bill Auction - 1530 GMT

• Finland Industrial Output - 0500 GMT

• Australian Industrial Production - 0700 GMT

• Japan Eco Watchers Survey Current - 0500 GMT

• Japan Eco Watchers Survey Outlook - 0500 GMT

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

Monetary Policy and Economic Developments in Japan and the U.S.

In early October, the Bank of Japan (BOJ) held a regional meeting that highlighted positive trends in consumer spending, driven in part by wage growth, especially among younger demographics.

ACY Securities | 2 days ago

AUD/USD Rises Following Strong Australian Employment Data

AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy.

RoboForex | 3 days ago

Daily Global Market Update

Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,

Moneta Markets | 3 days ago

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | 3 days ago

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.

RoboForex | 4 days ago

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT

XM Group | 4 days ago

Daily Global Market Update

Bitcoin and gold prices have risen. Nike shares have gained, while the Australian dollar has slightly dipped. The US dollar has strengthened against major currencies. Key economic events include the UK's Core CPI, Japan's exports, US export prices, Italy's CPI, and Germany's 30-year bond auction.

Moneta Markets | 4 days ago

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Moneta Markets | 5 days ago

EURUSD	1.08649	GBPUSD	1.30435	AUDUSD	0.67019
USDJPY	149.521	USDCAD	1.38032	USDCHF	0.86462