Daily Global Market Update

EUR/USD steady, Stochastic bearish. USD/JPY plunges 1.2%, MACD negative. Gold dips 0.4%, RSI bearish. Volkswagen shares fall 1.1%, Ultimate Oscillator negative. Dollar weakens against yen, NASDAQ drops on tech earnings. Gold gains slightly on dollar weakness. Today's focus: Japan CPI, US GDP, Eurogroup meetings, US durable goods orders, Germany Ifo.

Euro/Dollar Pair's Stability

The EUR/USD pair remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal.

 

 

Dollar/Yen's Sharp Decline

The USD/JPY pair plummeted 1.2% in the last session. The MACD is giving a negative signal.

 

 

Gold's Minor Retreat

Gold experienced a decline of 0.4% against the dollar in the last trading session. The RSI is giving a negative signal.

 

 

Volkswagen's Market Struggles

Volkswagen shares dropped by 1.1% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Global Financial Headlines

The dollar fell to its lowest in more than two months against the yen as short yen carry trades were unwound. The NASDAQ plummeted to a one-month low following disappointing earnings from Tesla and Alphabet. Gold prices rose slightly by 0.1% as the dollar slipped.

 

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Tokyo Consumer Price Index - 2330 GMT

• US Gross Domestic Product - 1230 GMT

• Eurozone's Eurogroup Meetings - 0700 GMT

• US Durable Goods Orders - 1230 GMT

• Germany's Ifo Current Assessment - 0800 GMT

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