Daily Global Market Update
Euro Dollar Pair's Recent Performance
The euro-dollar pair observed a downward correction during its last session, recording a 0.2% drop. The stochastic indicator suggests a negative market condition.
Dollar Yen's Ambiguous Performance
The dollar-yen pair recorded a slight increment of 0.1% in its last trading session. However, the ROC's negative signal provides a contradictory perspective to the general technical analysis.
Gold Dollar's Dwindling Path
The gold-dollar pair reported a slight dip during its previous session, decreasing by 0.2%. The ROC's negative signal is aligned with the overarching technical outlook.
Apple Shares' Recent Tumble
Apple shares witnessed a drop of 1.3% in the last trading session. The ultimate oscillator alludes to a negative sentiment.
Global Financial Updates
Both the Australian and New Zealand Dollars are currently in a precarious position, awaiting the outcome of a significant US inflation report. This report could offer further insights into the interest rate trajectory for the world's largest economy. US equity futures remain relatively unchanged as traders await this crucial inflation data. European shares closed on a downtrend with industries leading the declines. BP shares also dipped following the abrupt departure of the oil company's CEO. This market movement is in anticipation of the European Central Bank's impending monetary policy decision.
Anticipated Economic Events
Today's major economic releases include:
• Australia's Unemployment Rate - 0130 hours GMT
• Japan's Industrial Production - 0430 GMT
• US Retail Sales - 1230 GMT
• Finland's Consumer Price Index - 0500 hours GMT
• US Initial Jobless Claims - 1230 GMT
• Australia's Employment Change - 0130 GMT