Daily Global Market Update

The Euro plunged sharply, while the Yen surged significantly. Gold prices plummeted, and Apple shares saw a modest gain. The US Dollar soared to a 4-month high post-US election, boosting US stocks to record highs. The Fed's rate cut path is expected to slow down. Key economic events include the US FOMC Press Conference, Australian and Japanese economic data, and German Industrial Production.

Euro's Sharp Decline

The EUR/USD pair plummeted by 1.6% in the last session. The Stochastic indicator is giving a positive signal.

 

 

Yen's Significant Rise

The USD/JPY pair surged by 1.9% in the last session. The Stochastic RSI is giving a positive signal.

 

 

Gold's Steep Drop

The Gold/USD pair plummeted by 2.9% in the last session. The MACD is giving a negative signal.

 

 

Apple's Modest Gain

Apple shares gained 0.5% in the last session. The Stochastic indicator is giving a negative signal.

 

 

Global Financial Headlines

The dollar soared to a 4-month high after Republican Donald Trump won the US presidential election, with policies expected to spur higher US growth and inflation. US stocks soared to record highs, with the Dow Industrials, S&P 500, and NASDAQ Composite all hitting record highs. President-elect Donald Trump's return to the White House appears to slow the Federal Reserve's path for interest rate cuts, with new policies poised to boost the economy and potentially reverse the slowdown in inflation.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US FOMC Press Conference - 1930 GMT

• Australia's Exports - 0300 GMT

• Japan's Foreign Reserves - 2350 GMT

• Japan's 10Y Bond Auction - 0335 GMT

• Australia's Trade Balance - 0300 GMT

• Germany's Industrial Production - 0700 GMT

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