Daily Global Market Update

The EUR/USD saw a minor dip, while USD/JPY declined sharply, hinting at potential reversals. Gold rose slightly, nearing overbought levels, and Microsoft shares climbed, reflecting bullish sentiment. The dollar weakened due to lower inflation fears, boosting US equities. Upcoming economic events include key data from the Netherlands, US, UK, and Australia.

Moneta Markets | 1 day ago

Euro's Minor Correction

The EUR/USD pair made a slight downward correction in the last session, falling 0.1%. The RSI indicates a positive signal, suggesting potential upward momentum.

Dollar-Yen Pair's Decline

The USD/JPY pair dropped 0.9% in the last session. The CCI suggests the market is currently oversold, indicating potential for a reversal.

Gold's Upward Movement

Gold gained 0.5% against the dollar in the last session. The Stochastic RSI suggests the market is in an overbought condition.

Microsoft Stock's Positive Performance

Microsoft's stock rose 1.5% in the last session. The Rate of Change (ROC) indicates a positive signal, aligning with bullish market sentiment.

World Financial News

The dollar weakened against major peers following cooler-than-expected inflation data, reducing fears of accelerating inflation and increasing the likelihood of Federal Reserve interest rate cuts. US equities rallied, with all three major indexes recording their largest daily percentage gains in over two months.

Upcoming Economic Highlights

Key economic events to monitor:

• Netherlands Unemployment Rate - 0530 GMT

• US Import Price Index - 1330 GMT

• UK NIESR GDP Estimate - 1200 GMT

• Australia's Participation Rate - 0030 GMT

• Australia's Consumer Inflation Expectations - 0100 GMT

• UK Manufacturing Production - 0700 GMT

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ATFX Market Outlook 16th January 2025

The dollar weakened as lower core inflation data raised expectations for two potential Fed rate cuts. The dollar index fell to 109.07, with the dollar at 156.49 yen, the sterling at 1.2229, and the euro near 1.03.

ATFX | 1 day ago

EUR/USD Stabilises as US Inflation Cools Without Major Surprises

Following a nervous session last night, the EUR/USD pair is trading near 1.0285 on Thursday morning. The market is now stabilising.

RoboForex | 1 day ago

USDJPY at a crossroads ahead of US CPI inflation

USDJPY slips toward key support region of 156.65. Technical signs reflect falling buying appetite. US CPI inflation figures due for release at 13:30 GMT.

XM Group | 2 days ago

USDJPY continues to soar, beware of the 159 price level

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for JAN 7, 2025.

Ultima Markets | 2 days ago

ATFX Market Outlook 7th January 2025

On Monday, the S&P 500 and Nasdaq hit their highest levels in over a week, driven by gains in semiconductor stocks and reports suggesting the incoming Trump administration might adopt a softer approach to tariffs. The Dow fell by 0.06%, the S&P 500 rose by 0.5%, and the Nasdaq increased by 1.2%.

ATFX | 2 days ago

ATFX Market Outlook 8th January 2025

Dow futures closed lower on Tuesday as robust economic data led to higher Treasury yields, dampening expectations for Federal Reserve rate cuts later this year. Crude oil futures rose toward $75 per barrel on Wednesday, extending gains and approaching three-month highs amid signs of declining US crude inventories.

ATFX | 2 days ago

ATFX Market Outlook 9th January 2025

U.S. stock index futures declined on Wednesday as investors evaluated the potential for slower interest rate reductions in 2025 and the possibility of trade tariffs under President-elect Donald Trump. Following a subdued session on Wall Street, S&P 500 and Nasdaq 100 futures decreased by 0.1%, while Dow Futures remained steady.

ATFX | 2 days ago

ATFX Market Outlook 10th January 2025

Attention is on December's nonfarm payrolls, set for Friday's release as investors seek insights into the labour market and interest rate trajectory. A strong labour market could allow the Fed to slow its rate cuts following a 1% reduction in 2024 due to fears of a slowdown.

ATFX | 2 days ago

EURUSD	1.01216	GBPUSD	1.2166	AUDUSD	0.6188
USDJPY	156.255	USDCAD	1.4474	USDCHF	0.9145