Daily Global Market Update

Euro Dollar stable; Dollar Yen up 0.2%; Gold unchanged. Volkswagen shares rise 0.9%. Dollar Index dips post-Fed minutes. Japanese stocks approach record levels; US stocks see hedge fund selling. Key events: US Jobless Claims, Chicago Fed Index, ECOFIN, France Manufacturing Climate, Japan PMIs.

Moneta Markets | 244 days ago

Euro Dollar's Steady Course

Euro Dollar remained largely unchanged in the last session. The Stochastic RSI suggests an overbought market condition.

Dollar Yen's Positive Momentum

Dollar Yen experienced a slight increase of 0.2% against the yen in the last session. The RSI indicates a positive market trend.

Gold's Stability

Gold Dollar price remained largely unchanged in the last session. The RSI indicates a positive market signal.

Volkswagen's Stock Surge

Volkswagen's stock rose by 0.9% in the last session, indicating an overbought market according to the Williams %R indicator.

Market Insights

The Dollar Index edged lower after minutes from the Federal Reserve's January meeting, with policymakers wary of cutting interest rates too soon. Japanese stocks, nearing record levels, remain far from overpriced compared to historic levels. Meanwhile, hedge funds have been net sellers in US stocks, as indicated by recent Bank of America data.

Economic Events to Watch

Today’s key economic releases include:

• US Initial Jobless Claims - 1330 GMT

• US Chicago Fed National Activity Index - 1330 GMT

• Eurozone's ECOFIN Meeting - 0700 hours GMT

• French Business Climate in Manufacturing - 0745 GMT

• Japan's Jibun Bank Services PMI - 0030 GMT

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

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

Tags: Analysis

Loonie Stops Falling in Anticipation of the Rate Decision

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Loonie Stops Falling in Anticipation of the Rate Decision

FxPro | 8h 47min ago

EBC Markets Briefing | Silver keeps pace with gold in the fog of war

Gold hovered near an all-time peak on Wednesday, driven by safe-haven demand amid US election uncertainties and rising geopolitical tensions.

EBC Financial Group | 12h 51min ago

Crypto market undergoes correction

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market undergoes correction

FxPro | 13h 16min ago

Dollar, gold and US yields continue to rise

Euro is under pressure again as ECB dovish commentary lingers; Gold makes a new all-time high despite the 10-year US yield rise; US equities trade with low conviction ahead of Tesla earnings; BoC to announce another rate cut, loonie could suffer

XM Group | 13h 56min ago

U.S Dollar Jumps on Heightens Treasury Yield

The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears.

PU Prime | 16h 43min ago

Daily Global Market Update

Bitcoin and other assets like NIO stock, AUD and gold saw modest gains. Oil prices rose on supply concerns. US dollar strengthened on Fed rate cut expectations and upcoming US elections. Crypto exchanges Binance and Crypto.com are losing market share. Watch out for upcoming economic events like US Fed Beige Book and Eurozone Consumer Confidence.

Moneta Markets | 17h 5min ago

USD Rises as Trump’s Re-election Prospects Gain Momentum Ahead of U.S. Election

The U.S. dollar has been on a notable upward trend in the lead-up to the November 5th presidential election, registering its third consecutive week of gains.

ACY Securities | 17h 19min ago

US Dollar Gains Amid Higher Yields and Political Uncertainty

The U.S. dollar has recently surged to new highs, buoyed by a breakout in the dollar index, which surpassed a critical technical resistance level near 103.80. This rally has been largely driven by increasing U.S. Treasury yields, particularly the 10-year yield, which has climbed past its 200-day moving average and is now hovering just below 4.2%.

ACY Securities | 17h 20min ago

EURUSD	1.0781	GBPUSD	1.29137	AUDUSD	0.66357
USDJPY	152.785	USDCAD	1.38366	USDCHF	0.8664