Daily Global Market Update
Oil's Decline in the Market
Oil dropped by 0.7% against the dollar in the last trading session. The Commodity Channel Index (CCI) is indicating a negative signal.
Australian Dollar's Slight Decline
The Australian dollar dropped 0.3% against the US dollar in the last session. The Stochastic RSI is signalling a positive market trend.
Euro's Slight Decline
The Euro dipped 0.2% against the US dollar in the last trading session. The Relative Strength Index (RSI) is signalling a positive trend.
Yen's Decline Against the Dollar
The US dollar gained 0.7% against the Japanese yen in the last session. The Stochastic RSI is giving a positive signal.
Global Financial Headlines
Oil prices settled lower, marking their fourth consecutive weekly gain as US sanctions on Russian energy trade raised concerns over supply disruptions. Meanwhile, TikTok ceased operations in the United States, disappearing from major app stores. Smaller US companies saw pressure as the Russell 2000 index marked a 10% correction from November highs, while the S&P 500 showed less decline, decreasing by 3% during the same period.
Upcoming Economic Highlights
Key economic events to watch include:
• Germany's Producer Price Index - 07:00 GMT
• Eurozone's Construction Output - 10:00 GMT
• Japan's Capacity Utilisation - 04:30 GMT
• Japan's Industrial Production - 04:30 GMT
• Japan's Tertiary Industry Index - 04:30 GMT
• UK's Rightmove House Price Index - 01:00 GMT
Daily Global Market Update
The pound declines after the rebound despite the labour market
ATFX Market Outlook 21st January 2025
On Trump's first day in office, tariffs will not be imposed temporarily. The US dollar fell sharply on Monday, and gold prices may rise against key resistance
EBC Markets Briefing | Breaking news from Washington sends gold higher
Japanese Yen Strengthens to a Monthly High as Markets Anticipate a Bank of Japan Rate Hike
Trump promises tariffs on Canada and Mexico
