Daily Global Market Update

The EUR/USD declined slightly, while the USD/JPY surged. Gold corrected, and NIO's shares rose. The Canadian dollar weakened, and US home loan rates increased. European stocks rebounded, anticipating interest rate cuts. Key economic events include US CPI and jobless claims, Finland's industrial output, Austrian industrial production, Japan's money supply, and Australia's inflation expectations.

Moneta Markets | vor 6 Tagen

Euro's Slight Decline Against the Dollar

The EUR/USD pair experienced a minor downturn, losing 0.2% in the last session. The Stochastic indicator suggests that the market is currently oversold.

Dollar Yen's Upward Movement

The USD/JPY pair saw a significant rise, gaining 0.7% in the last session. The Williams Percent Range indicator suggests that the market is currently overbought.

Gold's Minor Correction

The Gold/USD pair experienced a slight downward correction, dropping 0.2% in the last session. The MACD is currently signalling a negative trend.

NIO's Positive Performance

NIO shares saw a notable increase, gaining 2.7% in the last session. However, the Commodity Channel Index (CCI) is giving a negative signal, suggesting potential caution.

Global Financial Headlines

The Canadian dollar weakened to a near 8-week low against its US counterpart as oil prices fell and investors reduced their bets on the pace of expected interest rate cuts from the Federal Reserve. The interest rate for the most popular US home loan rose to 6.36% last week, marking the biggest weekly increase in more than a year. This comes after better-than-expected economic data caused financial markets to scale back bets on further Federal Reserve interest rate cuts. European stocks settled higher, bouncing from losses in the previous session as investors focused on upcoming interest rate cuts and a key US inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the Automobiles and Parts sector among top gainers with a 1.1% jump.

Upcoming Economic Highlights

Key economic events to look out for include:

• US Consumer Price Index - 1230 GMT

• US Initial Jobless Claims - 1230 GMT

• Finland's Industrial Output - 0500 GMT

• Austrian Industrial Production - 0700 GMT

• Japan's Money Supply M2 plus CD - 2350 GMT

• Australia's Consumer Inflation Expectations - 0000 GMT

Vorschrift: FSA (Seychelles), FSCA (South Africa)

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.

RoboForex | vor 5Std 4 Minuten

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT

XM Group | vor 6Std 14 Minuten

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Moneta Markets | vor 1 Tagen

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | vor 1 Tagen

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.

RoboForex | vor 2 Tagen

Will USDJPY Break Through 150 Level?

The Japanese yen (JPY) has recently experienced pronounced depreciation, a trend largely attributed to the sharp rise in U.S. Treasury yields following a robust U.S. jobs report released in early October.

ACY Securities | vor 2 Tagen

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | vor 2 Tagen

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.

PU Prime | vor 5 Tagen

EURUSD	1.08839	GBPUSD	1.30181	AUDUSD	0.6672
USDJPY	149.45	USDCAD	1.37753	USDCHF	0.86401