Daily Global Market Update

The EUR/USD and USD/JPY pairs traded sideways, with negative signals from Stochastic and MACD, respectively. Gold/USD dropped 0.2%, while Volkswagen stock rose 0.4% with oversold conditions. US dollar mixed after inflation data, Wall Street fell, and Harris's presidential odds rose. Oil prices surged due to hurricane fears.

Moneta Markets | 34 days ago

EUR/USD Sideways Movement

The EUR/USD pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

USD/JPY Sideways Trading

The USD/JPY pair traded sideways in the last session. The MACD is giving a negative signal.

Gold's Minor Downward Correction

The Gold/USD pair made a minor downwards correction in the last session, dropping 0.2%. The Williams Percent Range indicator is giving a negative signal.

Volkswagen Stock Rise

The last session saw Volkswagen's stock rise 0.4%. The Stochastic indicator suggests an oversold market.

Global Financial Headlines

The US dollar showed mixed performance in choppy trading after data revealed a rise in underlying inflation in August, reinforcing expectations of a smaller 25 basis point interest rate cut by the Federal Reserve next week. Wall Street's main indexes fell following the latest inflation numbers, which dampened hopes for a larger interest rate cut. Meanwhile, odds of Democrat Kamala Harris winning the US Presidency increased after a televised debate. In the energy sector, US crude oil climbed more than $2 a barrel, driven by fears of lengthy production shutdowns in the offshore oil patch as Hurricane Francine approached.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Monthly Budget Statement - 18:00 GMT

• Germany's Wholesale Price Index - 06:00 GMT

• US Producer Price Index - 12:30 GMT

• US Initial Jobless Claims - 12:30 GMT

• Spain's Harmonised Index of Consumer Prices - 07:00 GMT

• Spain's Consumer Price Index - 07:00 GMT

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

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 | 20h 19min 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 | 21h 28min 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 | 1 day ago

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | 1 day ago

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.

RoboForex | 2 days ago

Will USDJPY Break Through 150 Level?

The Japanese yen (JPY) has recently experienced pronounced depreciation, a trend largely attributed to the sharp rise in U.S. Treasury yields following a robust U.S. jobs report released in early October.

ACY Securities | 2 days ago

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | 2 days ago

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.

PU Prime | 5 days ago

EURUSD	1.08541	GBPUSD	1.29859	AUDUSD	0.66906
USDJPY	149.471	USDCAD	1.37635	USDCHF	0.86634