Daily Global Market Update

Oil prices dropped after initial gain. AUD, EUR flat, USD/JPY up slightly. Financial news: Intel replaced in Dow Jones, Canadian dollar weakens, Amazon surges. Watch US factory orders, bill auctions and note auction later.

Moneta Markets | 2 days ago

Crude Oil's Decline

The WTI Crude Oil experienced a significant decline, falling 1.7% in the last session after an initial gain of 1.1%. The Commodity Channel Index (CCI) is currently showing a positive signal.

AUD/USD Stability

The Australian dollar remained relatively stable against the US dollar in the latest session. The Rate of Change (ROC) indicator is presenting a positive signal.

EUR/USD Analysis

The EUR/USD pair showed minimal movement in the last session. The Stochastic indicator suggests a positive trend ahead.

USD/JPY Movement

The USD/JPY pair recorded a slight upward correction, gaining 0.2% in the last session. The CCI indicator is currently showing a negative signal.

Global Financial Headlines

Intel is set to be replaced by Nvidia in the prestigious Dow Jones Industrial Average index after a 25-year tenure, highlighting the shifting dynamics in the semiconductor industry. The Canadian dollar has weakened to a two-year low against its US counterpart ahead of the US presidential election, despite positive domestic factory activity data. Wall Street's major indices ended higher, with Amazon.com rising 6.2% following strong earnings that exceeded Wall Street expectations.

Upcoming Economic Highlights

Key economic events to watch:

• US Factory Orders - 1500 GMT

• US 3-Month Bill Auction - 1630 GMT

• US 6-Month Bill Auction - 1630 GMT

• US 3-Year Note Auction - 1800 GMT

• Austrian Unemployment Rate - 0800 GMT

• Japan's Monetary Base - 2350 GMT

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

Euro Falls on Trade War Fears

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Euro Falls on Trade War Fears

FxPro | 11h 48min ago

USDJPY Hits 14-Week High Amid US Election Dynamics

The USDJPY pair has surged to a 14-week peak, touching 153.83 as demand for the US dollar strengthens with the unfolding US presidential election.

RoboForex | 17h 1min ago

USDJPY cheers as Trump leads election race

USDJPY hits fresh highs as Trump wins battleground states. Resistance of 153.80-154.00 still in play.

XM Group | 17h 45min ago

Dollar Spur by Trump’s Leading Position in Election

As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets.

PU Prime | 21h 29min ago

EURUSD Stabilises as US Presidential Election Unfolds

EURUSD remains poised around 1.0878 as markets brace for the outcome of the highly anticipated US presidential election. With the world watching, the direction of the major currency pair will hinge significantly on the election results, where a victory for Donald Trump is likely to bolster the USD, potentially leading to a notable increase.

RoboForex | 1 day ago

Dollar Calm ahead of the U.S. Election

Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength.

PU Prime | 1 day ago

Week Ahead Anticipate Volatility from U.S. Elections and FOMC Meeting

The markets are on edge with the impending U.S. presidential election and FOMC meeting. These events are major drivers of potential volatility, especially across FX markets and interest rate-sensitive sectors, as traders and investors await critical decisions and possible shifts in economic policy. Let’s break down the anticipated impacts of each factor.

ACY Securities | 1 day ago

The Impact of Monetary Policy and Political Dynamics in Japan

In October, the Japanese yen saw a significant weakening against both the U.S. dollar and the euro. This decline is largely attributable to the Bank of Japan’s (BoJ) continued accommodative monetary policy.

ACY Securities | 1 day ago

EURUSD	1.07363	GBPUSD	1.29135	AUDUSD	0.66144
USDJPY	154.491	USDCAD	1.38994	USDCHF	0.8758