Daily Global Market Update
Pound Dollar Dynamics
The GBP/USD (pound dollar) pair appreciated by 0.5% in the prior trading session, with intraday peaks reaching up to 1.3%. An evaluation using the Stochastic RSI indicates an overbought market state.
Aussie Dollar's Stagnation
The AUD/USD (Aussie dollar) pair remained stagnant in its recent trading session. Analysis via the Stochastic indicator delivers a bearish outlook, which aligns with our comprehensive technical scrutiny.
Euro Dollar Analysis
The EUR/USD (euro dollar) price witnessed little to no change during the previous session. Contrary to our exhaustive technical analysis, the CCI is projecting a bullish trajectory.
Dollar Yen Overview
In its last trading session, the USD/JPY (dollar yen) price remained relatively unchanged. The Williams %R indicator is currently conveying a bearish sentiment.
Global News Insights
European Central Bank (ECB) officials are anticipated to deliberate over a 0.25% rise in interest rates this Thursday. The resolution could swing either way, based on the dynamics of the meeting in Frankfurt. In other news, India's stock market reached a record valuation of $3.8 trillion, presenting Prime Minister Modi with a platform to highlight India's burgeoning influence at the G20 Summit. Meanwhile, Japan's economic performance in Q2 fell short of prior projections, and a decline in July wages casts aspersions on Bank of Japan's outlook for sustained domestic demand-led recovery.
Today's Economic Calendar
Here's an overview of the upcoming major economic releases:
• U.S Three-Month Bill Auction - 15:30 GMT
• U.S Six-Month Bill Auction - 15:30 GMT
• U.S Three-Year Note Auction - 17:00 GMT
• Japan's Machine Tool Orders - 06:00 GMT
• New Zealand's Electronic Card Retail Sales - 22:45 GMT
• U.S NFIB Business Optimism Index - 10:00 GMT