Daily Global Market Update

The Euro/Dollar pair saw a slight increase, while the Dollar/Yen remained stable. Gold prices traded sideways, and Google's stock rose. The pound strengthened against the dollar as expectations for US interest rate cuts grew. The S&P 500 and NASDAQ edged up due to a decline in US job data. Gold prices fell slightly.

Moneta Markets | 56 days ago

Euro/Dollar's Slight Uptick

The Euro/Dollar pair experienced a minor upward correction, gaining 0.2% in the last session. The MACD is giving a positive signal.

Dollar/Yen's Stability

The Dollar/Yen price remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal.

Gold's Sideways Movement

The Gold/Dollar pair traded sideways in the last session. The ROC is giving a positive signal.

Google's Stock Rise

Google shares rose by 0.4% in the last session. The ROC is giving a negative signal.

Global Financial Headlines

The pound steadied near the one-year high it touched against the dollar the previous day, with the US currency under pressure from rising expectations of Federal Reserve interest rate cuts. The S&P 500 and the NASDAQ edged up as a sharp downward revision in US jobs data for the year ended March 2024 indicated a slowdown in the labour market, propping up hopes the Federal Reserve would cut interest rates this month. Gold prices eased with investors looking forward to the minutes from the US Federal Reserve's latest policy meeting for more cues on interest rate cuts. Spot gold was down 0.2%.

Upcoming Economic Highlights

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

• UK's GfK Consumer Confidence - 2301 GMT

• Belgian Consumer Confidence Index - 0900 GMT

• Eurozone's Consumer Confidence - 1400 GMT

• US Initial Jobless Claims - 1230 GMT

• US Continuing Jobless Claims - 1230 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

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Tags: Analysis

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EBC Financial Group | 13h 35min ago

US dollar could benefit from an unexciting ECB meeting

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XM Group | 14h 44min ago

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RoboForex | 14h 46min ago

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Vantage | 14h 57min ago

The Crypto Market Stabilises at the Top

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FxPro | 15h 35min ago

The “Harris Trade”: How Market Trends and Strategies Could Be Impacted If Harris Wins the US Presidency

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Vantage | 16h 32min ago

Trump Trade 2024: Understanding Market Trends and Strategies Under Trump’s Economic Policies

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Vantage | 16h 46min 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 | 17h 18min ago

EURUSD	1.08288	GBPUSD	1.30143	AUDUSD	0.6699
USDJPY	150.168	USDCAD	1.37957	USDCHF	0.86601