Daily Global Market Update

Oil prices edged up, with positive technical signals. The Australian Dollar appears oversold, while the Euro shows positive momentum. The Dollar-Yen pair is overbought. Global equities rallied, driven by positive inflation data and eased government shutdown fears. Key economic data releases today include Austria's Producer Price Index, Japan's Manufacturing PMI, and the US Chicago PMI.

Moneta Markets | 3 days ago

Oil's Upward Momentum

Oil gained 0.7% against the dollar in the last session. The Stochastic RSI is signalling a positive trend.

Aussie Dollar's Oversold Territory

The AUD/USD pair traded sideways in the last session. The Stochastic indicator suggests the market is currently oversold.

Euro's Positive Signal

The EUR/USD pair traded sideways in the last session. The Williams Percent Range indicator is providing a positive signal.

Dollar Yen's Overbought Conditions

The USD/JPY pair made a minor downward correction, dropping 0.1% in the last session. The Stochastic indicator suggests the market is currently overbought.

Global Financial Headlines

Global equity funds saw sharp inflows this past week, buoyed by a positive US inflation report and relief from avoiding a government shutdown, boosting investor confidence in risk assets. Meanwhile, United Health and a Medici's merger faces delays under close scrutiny from the US Department of Justice. US stocks had a banner year in 2024, with the S&P 500 up by 25% and the NASDAQ Composite up by over 31%.

Upcoming Economic Highlights

Key economic events to monitor include:

• Austria's Producer Price Index - 8:00 GMT

• Japan's Jibun Bank Manufacturing PMI - 03:00 GMT

• US Chicago Purchasing Managers Index - 14:45 GMT

• US 6-Month Bill Auction - 16:30 GMT

• Spain's Current Account Balance - 09:00 GMT

• Japan's CFTC JPY NCET Positions - 20:30 GMT

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

Yen Shows Short-Term Appreciation Potential

Japan’s finance minister and Japan’s top foreign exchange diplomat said in separate media briefings that officials are concerned about “excessive” exchange rate fluctuations and are ready to take “appropriate action.”

Ultima Markets | 7h 21min ago

ATFX Market Outlook 2nd January 2025

Global markets were closed on Wednesday for New Year's Day. The US dollar index ended 2024 at a two-year high, up 8%, the best performance in nearly a decade. Spot gold rose more than 27%, its most significant annual increase since 2010. In contrast, international oil prices dropped about 3% for the second consecutive year.

ATFX | 7h 21min ago

USDJPY starts the New Year with a selloff

USDJPY is edging lower today; It continues to hover slightly below the key 158 level; Momentum indicators show signs of weakness;

XM Group | 7h 52min ago

Dollar Start the Year with Strong Momentum

The U.S. dollar delivered a strong performance in 2024, with the dollar index gaining approximately 7%, and it started 2025 on a positive note, hovering near its recent highs. The dollar remains supported by the Fed’s cautious approach to monetary policy, with hawkish expectations weighing on equities.

PU Prime | 9h 15min ago

Wall Street Continue to Slides On Hawkish Fed Expectation

Wall Street continued its downward trend, pressured by expectations of a more hawkish Fed policy in the near term. However, traders are anticipating a potential “Trump Trade” rally, as Donald Trump’s upcoming inauguration in January may boost sentiment in the equity markets.

PU Prime | 1 day ago

Wall Street Tumbles on Hawkish Fed Expectation

With shortened trading hours ahead of the New Year holiday, the equity market is anticipated to remain stable in thin trading.

PU Prime | 2 days ago

ATFX Market Outlook 27th December 2024

The Dow Futures ended slightly higher on Thursday, extending its five-session winning streak. However, thin trading volume and rising Treasury yields affected major tech stocks. The Nasdaq and S&P 500 ended the day nearly flat but slightly lower.

ATFX | 3 days ago

ATFX Market Outlook 30th December 2024

Dow futures fell modestly on Monday as Wall Street kicked off the final trading week of the year. Crude oil futures traded around $70.5 per barrel in thin trading on Monday as the market's focus shifted to the outlook for 2025. Gold edges higher above $2,600 amid light trading.

ATFX | 3 days ago

EURUSD	1.02884	GBPUSD	1.23773	AUDUSD	0.62093
USDJPY	156.996	USDCAD	1.44346	USDCHF	0.90992