Daily Global Market Update

Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.

Oil's Skyrocketing Movement

The oil-dollar pair surged by 1.4% in the last session. The Ultimate Oscillator is indicating a positive signal, suggesting a bullish trend.

 

 

Aussie Dollar's Minor Dip

The AUD/USD pair dipped slightly by 0.1% during the last session. The Ultimate Oscillator is once again giving a positive signal.

 

 

Euro's Decline

The Euro lost 0.5% against the dollar in the last session. The MACD is currently signalling a negative trend, suggesting further bearish momentum.

 

 

Dollar-Yen's Upwards Correction

The USD/JPY pair rose slightly by 0.1% in the last session. The Stochastic RSI indicates the market is oversold, suggesting potential bullish opportunities ahead.

 

 

Global Financial Highlights

Global equities marked a strong weekly gain as US Treasury yields retreated. The S&P 500 advanced 1.7%, approaching record highs. Amazon has doubled its investment in Anthropic, pouring another $4 billion into the AI-focused firm. Meanwhile, Bitcoin remains near the $100,000 threshold, as traders prepare for potential market-shifting policies from Donald Trump’s incoming administration.

 

Upcoming Economic Events

Key economic events to monitor include:

• Japan's Labour Cash Earnings - 2330 GMT

• US Red Book Index - 1355 GMT

• Eurozone's Retail Sales - 1000 GMT

• Germany's Industrial Production - 0700 GMT

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