Daily Global Market Update

Oil fell 2%, Aussie dollar stable but signals negativity, Euro unchanged but overbought, Dollar Yen sideways with potential headwinds. Global highlights: Bank of Japan may exit negative rates, VinFast seeks reduced import duties, Nvidia briefly hits $2 trillion. Upcoming: US New Home Sales, Bill Auctions, Irish Consumer Confidence, Japan CPI.

Oil's Sharp Decline

Oil against the dollar saw a significant drop of 2% in the last session. The MACD indicator suggests a positive outlook despite the fall.

 

 

Aussie Dollar's Stability

The Aussie dollar price remained largely unchanged in the last session. The ROC indicator signals a negative direction.

 

 

Euro's Overbought Condition

The euro against the dollar remained largely unchanged in the last session. The CCI indicates an overbought market.

 

 

Dollar Yen's Sideways Movement

The dollar Yen pair traded sideways in the last session. The stochastic indicator signals potential headwinds.

 

 

Global Financial Headlines

The Bank of Japan may exit negative interest rates as soon as March, should this year's wage negotiations result in increases exceeding 4%, according to former Central Bank board member Makoto Sakurai. VinFast seeks a reduction in Indian import duties to familiarize customers with its EVs ahead of local production. Nvidia's market value briefly reached $2 trillion, driven by demand for its AI chips.

 

Upcoming Economic Highlights

Here's a brief rundown of today’s anticipated economic releases:

• US New Home Sales - 1500 hours GMT

• US 6-Month Bill Auction - 1630 GMT

• US 3-Month Bill Auction - 1630 GMT

• US 5-Year Note Auction - 1800 hours GMT

• Irish Consumer Confidence - 0001 GMT

• Japan's National Consumer Price Index - 2330 GMT

Regulace: FSA (Seychelles), FSCA (South Africa)
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Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steady Fed policy.
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Daily Global Market Update

Daily Global Market Update

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