Daily Global Market Update

Oil prices plummeted, the Aussie dollar remained stable, and the euro and yen strengthened against the dollar. Global markets reacted to China's slowing economy, rising US budget deficit, and tech stock gains. Upcoming economic events include US bill auctions, German producer prices, Chinese interest rates, and New Zealand trade data.

Moneta Markets | 32 days ago

Oil's Decline Against the Dollar

The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.

Aussie Dollar's Sideways Movement

The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.

Euro's Sideways Movement

The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.

Dollar's Decline Against the Yen

The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.

Global Financial Headlines

Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.

Upcoming Economic Highlights

Key economic events to look out for include:

• US 3-month Bill Auction - 1530 GMT

• US 6-month Bill Auction - 1530 GMT

• Germany's Producer Price Index - 0600 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

• New Zealand's Exports - 2145 GMT

• New Zealand's Imports - 2145 GMT

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

Tags: Analysis

EBC Markets Briefing | Swiss franc heads for weekly gain in months

European tensions lifted safe-haven demand, pushing the Swiss franc up weekly. Gas prices hit a year-high due to lower storage.

EBC Financial Group | 8h 55min ago

Dollar and gold gain as geopolitical risks and eurozone data worsen

Gold continues to gain, as geopolitics generates headlines; Hawkish Fedspeak and strong US data support the dollar; Euro suffers from another weak set of PMIs; Yen fails to benefit from stronger inflation;

XM Group | 10h 1min ago

Crypto market buzzing in anticipation of regulatory change

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market buzzing in anticipation of regulatory change

FxPro | 10h 20min ago

USD/JPY Awaits Potential Stimulus Impact

The USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.

RoboForex | 10h 37min ago

Daily Global Market Update

Pound weakened, Bitcoin surged, Oil climbed, Aussie traded sideways. Bitcoin's $100K rally gains momentum, gold rises on safe-haven demand. Key economic events to watch.

Moneta Markets | 11h 45min ago

Midweek Technical Look – USDJPY, EURGBP, Oil

USDJPY is encountering some challenges but continues to maintain an overall uptrend. The outlook for EURGBP remains bearish, with attention shifting back to the 0.8260 level. WTI oil futures are fluctuating within a neutral range; bulls need to show stronger momentum

XM Group | 1 day ago

Nvidia fails to lift markets, dollar stands tall

Stocks remain directionless even after stellar earnings by Nvidia. Declining odds for December Fed rate cut weigh on markets. Dollar holds near highs, yen rallies, Bitcoin soars to $97,000.

XM Group | 1 day ago

US dollar falling consolidation Boosted by risk aversion, gold price returns above $2,610

On Monday, the US dollar index fluctuated and fell, hitting 106.81 at one point during trading and ultimately closing down 0.44% at 106.21.

CWG Markets | 1 day ago

EURUSD	1.04108	GBPUSD	1.25257	AUDUSD	0.64969
USDJPY	154.805	USDCAD	1.39821	USDCHF	0.89447