Daily Global Market Update

Euro-Dollar's Recent Correction

The Euro-Dollar pair experienced a downward correction in the last session, dropping by 0.2%. The Stochastic indicator is currently signaling a positive outlook.

Dollar-Yen's Steady Performance

The Dollar-Yen price remained largely stable in the last session. The Williams indicator suggests that we are currently in an oversold market.

Gold's Unchanged Status

Gold's price against the dollar remained largely unchanged in the last session. The Stochastic RSI indicates an overbought market condition.

Tesla's Stock Decline

Tesla's stock experienced a significant drop of 2% in the last session. The CCI indicator points to an overbought market.

Global Financial Headlines

The dollar has rebounded from its 3-month lows, boosted by data showing that the US economy grew faster in the third quarter than initially anticipated. This news has led to a consolidation of positions, following four days of losses. Wall Street and major European stock markets have seen an uptick as traders anticipate potential interest rate cuts by the US Federal Reserve in the coming year. In the Eurozone, economic sentiment has shown a slight increase for the second consecutive month in November, with improvements in the services and retail sectors and among consumers.

Today's Major Economic Events

Here's a brief overview of today's key economic releases:

• US Initial Jobless Claims - 1330 GMT

• US Personal Income - 1330 GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 GMT

• Germany's Unemployment Rate - 0855 GMT

• Japan's Unemployment Rate - 2330 GMT

• Japan's Annualized Housing Starts - 0500 GMT