Daily Global Market Update

In recent sessions, major currency pairs exhibited sideways movement with varied signals from technical indicators. Meanwhile, global financial headlines highlight the Bank of Japan's potential policy shift, Volkswagen's delivery challenges, and US stock declines amid rate speculation. Today's economic calendar includes key releases from the US, UK, Austria, and Eurozone.

Moneta Markets | il y a 218

Oil-Dollar Pair's Sideways Movement

The oil-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal.

Aussie-Dollar Pair's Sideways Trade

The Aussie dollar pair traded sideways in the last session. The MACD is giving a positive signal, going against our overall technical analysis.

Euro-Dollar Pair's Sideways Movement

The euro-dollar pair traded sideways in the last session. The Stochastic indicator is giving a negative signal.

Dollar-Yen's Unchanged Position

The dollar-Yen price remained largely unchanged in the last session. The Ultimate Oscillator is giving a positive signal, which matches our overall technical analysis.

Global Financial Headlines

The Bank of Japan is expected to end its negative interest rate policy on Tuesday, with substantial wage hikes by big firms in this year's wage negotiations, the Nikai newspaper reported. Volkswagen group deliveries fell by 1.1% in February, hit by a sharp decrease in China. The German car maker said deliveries climbed by 5.6% in Western Europe and by 1.6% in North America last month but fell by 16.7% in China. US Stocks fell to end last week, led by technology-related megacaps that have propelled this year's rally, while investors weigh the interest rate outlook ahead of next week's Federal Reserve meeting.

Today's Major Economic Events

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

• US 3-month Bill Auction - 1530 GMT

• UK's Rightmove House Price Index - 0001 GMT

• Austria's HICP - 0800 GMT

• Eurozone's Harmonized Index of Consumer Prices - 1000 GMT

• US NAHB Housing Market Index - 1400 GMT

• US 6-month Bill Auction - 1530 GMT

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

Tags: Analyse

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

PU Prime | il y a 1h 27min

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Moneta Markets | il y a 1h 49min

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | il y a 2h 3min

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.

ACY Securities | il y a 2h 4min