Daily Global Market Update
Euro's Slight Downturn
The Euro experienced a marginal decline of 0.2% against the dollar in the recent trading session. The Stochastic RSI indicates an oversold market condition.
Dollar Yen's Steady Movement
The Dollar-Yen pair exhibited a sideways trend in the last session. The Williams %R indicator is currently signaling a bullish momentum.
Gold's Incremental Gain
Gold rose by 0.3% against the dollar in the last trading session. The Stochastic RSI suggests an oversold market condition.
Nike Shares' Slight Uptick
Nike shares saw a minor upward correction, increasing by 0.1% in the last session. The MACD indicator is giving a bullish signal.
Global Financial Headlines
The dollar held near a two-week high against a basket of currencies as investors reacted to US economic data indicating a cooling labor market and speculations of Federal Reserve rate cuts next year. US stocks and Treasury yields fluctuated following reports of fewer job openings and unexpected growth in service businesses last month. In Europe, leaders are contemplating imposing new sanctions and trade penalties on China if it does not address economic tensions and limit exports to Russia for its war in Ukraine, as per EU officials ahead of the Beijing summit.
Today's Key Economic Events
Here's a snapshot of major economic releases expected today:
• Germany's Industrial Production - 0700 hours GMT
• Australia's Exports - 0030 hours GMT
• Eurozone's Gross Domestic Product - 1000 hours GMT
• Japan's Gross Domestic Product - 2330 GMT
• US Initial Jobless Claims - 1330 GMT
• Australia's Trade Balance - 0030 hours GMT
Weak PMIs Failed to Dampen GBPUSD
Eurozone PMI Temporarily Helps the Euro but Is Unlikely to Change the Trend
EBC Markets Briefing | Loonie closer to key support on easing policy
Stocks under pressure amid US election jitters, dollar extends gains
Technical Analysis – GBPJPY at 3-Month High
Has Bitcoin Completed a Correction?
EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand
