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.

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)
read more
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steady Fed policy.
PU Prime | il y a 10h 49min
Daily Global Market Update

Daily Global Market Update

GBP/USD sideways, bullish CCI. Bitcoin -0.7%, bearish Ultimate Oscillator. Oil +0.3%, bearish Stochastic. AUD/USD stable, bullish ROC. Crypto thefts $1.5B in 2023, German inflation steady. Oil prices rise due to Middle East tensions and OPEC+ delays. Key events: Japan Household Spending, US Consumer Confidence, Eurozone GDP, UK Manufacturing PMI, OPEC Meeting Results.
Moneta Markets | il y a 12h 4min
Dollar extends retreat ahead of US Thanksgiving

Dollar extends retreat ahead of US Thanksgiving

Dollar traders lock more profits amid Thanksgiving Holidays - Probability of a December Fed pause eases somewhat - Yen climbs higher as BoJ hike bets remain elevated - Euro rebounds on ECB Schnabel’s hawkish remarks
XM Group | il y a 1