Daily Global Market Update

Oil and Aussie dollar up, Euro sideways, Dollar-Yen negative. Euro area expects growth, OpenAI valuation uncertain. Key events: US bill auctions, Germany PPI, Eurozone construction output, Germany's Bundesbank report, China's PBOC rate decision.

Moneta Markets | il y a 339

Oil's Remarkable Surge

The oil-dollar pair experienced a significant surge, climbing 3.8% in the last session. The Rate of Change (ROC) indicator is currently emitting a positive signal.

Aussie Dollar Stability

The Aussie dollar price remained largely steady in the last session. The Relative Strength Index (RSI) is providing a positive signal, aligning with the overall technical analysis.

Euro's Sideways Movement

The Euro-Dollar pair traded sideways in the last session. The Commodity Channel Index (CCI) suggests an overbought market.

Dollar-Yen Pair's Steady Course

The dollar-Yen pair saw a sideways trend in the latest session. The stochastic indicator is hinting at a negative outlook.

Global Financial Headlines

The Euro area is expected to dodge a recession and see growth towards the year's end, bolstered by easing inflation and a strong jobs market, as per recent EU forecasts. Meanwhile, the valuation of OpenAI is in the limelight, with its valuation hanging in balance after executive shifts. U.S. government debt and fiscal deficits, key drivers of bond yields, may become secondary concerns for investors, shifting focus to economic fundamentals, city analysts predict.

Upcoming Economic Highlights

A quick overview of today's key economic events:

• US 3-month Bill Auction - 1630 GMT

• US 6-month Bill Auction - 1630 GMT

• Germany's Producer Price Index - 0700 GMT

• Eurozone's Construction Output - 1000 GMT

• Germany's Bundesbank Monthly Report - 1100 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

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

Tags: Analyse

Stocks under pressure amid US election jitters, dollar extends gains

Reduced Fed rate cut bets and growing odds of a Trump win push up yields. Wall Street slips; gold also takes a hit, but only temporarily. Dollar climbs to 3-month high, yen and euro struggle.

XM Group | il y a 53 minutes

Technical Analysis – GBPJPY at 3-Month High

GBPJPY marks new higher high; remains restricted. Resistance near 198.50; support seen around 196.00.

XM Group | il y a 1h 34min

Has Bitcoin Completed a Correction?

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Has Bitcoin Completed a Correction?

FxPro | il y a 1h 59min

EUR/USD Dips to Three-Month Low Amid Strong Dollar Demand

The major currency pair fell to 1.0789 by Thursday. This is almost a three-month low. Demand for the US currency is fuelled by expectations of an orderly and negative interest rate cut by the US Federal Reserve, as well as strong forecasts for a second Donald Trump presidency.

RoboForex | il y a 3h 26min

Heighten Geopolitical Tension Hit on Wall Street

Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire.

PU Prime | il y a 4h 1min

Daily Global Market Update

EUR/USD declined slightly, USD/JPY strengthened, gold dropped sharply, Amazon shares fell, USD/CAD weakened due to a Bank of Canada rate cut, Wall Street declined due to rising yields and skepticism about Fed rate cuts, corporate news affected McDonald's and Coca-Cola, and US existing home sales hit a 14-year low.

Moneta Markets | il y a 4h 26min

Loonie Stops Falling in Anticipation of the Rate Decision

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Loonie Stops Falling in Anticipation of the Rate Decision

FxPro | il y a 20h 27min

EBC Markets Briefing | Silver keeps pace with gold in the fog of war

Gold hovered near an all-time peak on Wednesday, driven by safe-haven demand amid US election uncertainties and rising geopolitical tensions.

EBC Financial Group | il y a 1

EURUSD	1.08014	GBPUSD	1.29677	AUDUSD	0.66555
USDJPY	151.947	USDCAD	1.38162	USDCHF	0.86566