Daily Global Market Update
Oil's Robust Surge
The oil-dollar pair experienced a significant rise, soaring by 2.2% in the latest session, and even reaching a 2.6% increase at its peak. The Stochastic RSI points to an overbought market, suggesting a potential pullback.
Aussie Dollar's Stagnancy
The Australian dollar remained virtually unchanged in the last session. The Relative Strength Index is casting a negative signal, indicating that the AUD might be under pressure.
Euro's Unchanged Stance
The Euro-Dollar pair remained largely unchanged in the recent session. The Stochastic indicator emits a negative signal, hinting at potential declines for the Euro.
Dollar-Yen's Sideways Movement
The Dollar-Yen pair traded sideways in the last session. The Stochastic indicator provides a positive signal, potentially forecasting an upswing for the pair.
Global Financial Headlines
Oil prices ended the previous week on a high note, with geopolitical tensions in the Middle East influencing the markets. Toyota plans to restart its Japanese vehicle plants, while investors are showing a renewed interest in cash, marking the largest inflow since March 2023.
Upcoming Economic Highlights
Today's key economic events include the US 3-month and 6-month Bill auctions, Eurozone retail sales, Germany's Factory orders, and Japan's Tokyo CPI. These releases are crucial for investors to gauge the health of various economies.
• US 3-Month Bill Auction - 1530 GMT
• US 6-Month Bill Auction - 1530 GMT
• Eurozone Retail Sales - 1000 GMT
• Germany Factory Orders - 0700 GMT
• Japan Tokyo CPI - 2330 GMT
• Japan Tokyo Consumer Price Index - 2330 GMT
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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
