Daily Global Market Update
Oil-Dollar Pair's Sharp Decline
The oil-dollar pair (CL1!) plummeted by 2.6% in the last session. The Ultimate Oscillator is giving a negative signal.
Aussie Dollar's Sideways Movement
The Aussie dollar (AUDUSD) traded sideways in the last session. The CCI indicates that we are in an oversold market.
Euro-Dollar's Steady Stance
The Euro-Dollar pair (EURUSD) remained largely unchanged in the last session. The ROC is giving a positive signal.
Dollar-Yen's Unchanged Value
The Dollar-Yen price (USDJPY) remained largely unchanged in the last session. The CCI is giving a positive signal.
Global Financial Headlines
China's total fuel imports slipped 11% in the first half of 2024 amid weak refining margins and poor fuel demand. A global tech outage linked to a software update by cybersecurity firm CrowdStrike disrupted millions of Microsoft devices, affecting various services and causing stock indexes to falter.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• US Chicago Fed National Activity Index - 1230 GMT
• US 3-Month Bill Auction - 1530 GMT
• Germany's Retail Sales - 0600 GMT
• Eurozone's Eurogroup Meeting - 0700 GMT