Daily Global Market Update

Oil-dollar, Aussie dollar, euro-dollar, and dollar-yen pairs traded sideways. IMF urges focus on domestic inflation. US stocks lower, tech earnings to test rally. Economic events: US Chicago Fed Index, Bill Auctions, Eurozone & German Consumer Confidence, Dutch Consumer Confidence.

Oil-Dollar Pair's Sideways Movement

The oil-dollar pair traded sideways in the last session. The MACD is giving a negative signal, indicating a potential downturn in the market.

 

 

Aussie Dollar Pair's Sideways Trend

The Aussie dollar pair traded sideways in the last session. The Stochastic RSI indicates an oversold market, suggesting a potential reversal in the near future.

 

 

Euro-Dollar Pair's Sideways Movement

The euro-dollar pair traded sideways in the last session. The MACD's negative signal aligns with the overall technical analysis, indicating a potential downtrend.

 

 

Dollar-Yen Pair's Sideways Movement

The dollar-yen pair traded sideways in the last session. The MACD is giving a positive signal, indicating a potential uptrend in the market.

 

 

Market News Highlights

The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the US Federal Reserve. Receding expectations for a near-term interest rate cut by the US central bank have fed steady dollar gains that have pushed down some Asian currencies. The NASDAQ and the S&P 500 ended lower on Friday as Netflix shares weighed, but American Express kept the Dow afloat after quarterly earnings from both companies. Growing pessimism that the Federal Reserve would cut interest rates soon also dented sentiment. Next week's earnings reports from some of the market's biggest technology and growth companies could prove an important test for the US stock rally, which is flagged as expectations for interest rate cuts fade. Tesla, Meta, Alphabet, and Microsoft are all set to report next week.

 

Upcoming Economic Events

Here are today's most important economic events:

• US Chicago Fed National Activity Index - 12:30 GMT

• US 3-Month Bill Auction - 15:30 GMT

• US 6-Month Bill Auction - 15:30 GMT

• Eurozone's Consumer Confidence - 14:00 GMT

• Germany's German Buba Monthly Report - 10:00 GMT

• Dutch Consumer Confidence Adjusted - 16:30 GMT

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