Daily Global Market Update
Oil-Dollar Pair's Decline
The oil-dollar pair experienced a significant decline of 1.8% in the last session. The Rate of Change (ROC) indicator is giving a negative signal, suggesting potential downward pressure on the pair.
Australian Dollar Pair's Sideways Movement
The Aussie dollar pair traded sideways in the last session. Contrary to the oil-dollar pair, the Moving Average Convergence Divergence (MACD) indicator is giving a positive signal for this pair.
Euro-Dollar Pair's Sideways Movement
Similarly, the euro-dollar pair traded sideways in the last session, with the MACD indicating a positive signal, suggesting stability in this pair.
Dollar-Yen Pair's Sideways Movement
In line with the previous pairs, the dollar-yen pair also traded sideways in the last session. However, the Stochastic RSI is giving a positive signal for this pair.
Global Market Headlines
Turning to global headlines, China's consumer prices rose for a third consecutive month in April, signaling improving domestic demand. Meanwhile, Seeker's shares soared nearly 35% above their IPO price, marking a strong debut for the electric vehicle maker in the US market.
Upcoming Economic Events
Here's a glimpse of today's economic calendar:
• US 3-Month Bill Auction - 1530 GMT
• US 6-Month Bill Auction - 1530 GMT
• Finland's Current Account - 0500 GMT
• Portuguese Consumer Price Index - 1000 GMT
• Eurozone's Eurogroup Meeting - 0700 GMT
• Japan's Producer Price Index - 2350 GMT
Silver: Shakeout, but Not the End of the Mega-Rally Ahead
EBC Markets Briefing | Euro parity is more likely now
Weak German Producer Prices Send the Euro Back Down
Weak German Producer Prices Send the Euro Back Down
Gold and dollar edge up as markets bet on Trump win
Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty
The Crypto Market Maintains an upward Momentum
