Daily Global Market Update

Oil gained 0.7%. The Australian dollar is overbought but unchanged. The Euro and Dollar-yen traded sideways; the Euro is overbought, and the Dollar-yen has a negative signal. China's gasoline exports hit a low. Japan's Nippon Steel VP will visit the US for a deal. Global stocks rose on potential Fed rate cuts.

Moneta Markets | 191 days ago

Oil's Positive Movement

Oil gained 0.7% against the dollar in the last session. The Rate of Change (ROC) indicator is giving a positive signal.

AUD/USD's Steady Pace

The Aussie dollar price remained largely unchanged in the last session. According to the Williams %R indicator, we are in an overbought market.

EUR/USD's Sideways Trade

The Euro dollar pair traded sideways in the last session. According to the Commodity Channel Index (CCI), we are in an overbought market.

USD/JPY's Neutral Stance

The Dollar-yen pair traded sideways in the last session. The ROC is giving a negative signal.

Global Financial Headlines

China's gasoline exports in April fell to the lowest level since July 2015 as domestic travel and fuel use increased in the recovering economy. Japan's Nippon Steel Vice Chairman Takahiro Mori, a key negotiator for its planned purchase of US Steel, will travel to the United States next week to meet stakeholders as part of continued efforts to complete the deal. World stock indexes rose for a seventh straight session and US Treasury yields also gained as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• Japan's Tertiary Industry Index - 0430 GMT

• US 3-month Bill Auction - 1530 GMT

• US 6-month Bill Auction - 1530 GMT

• China's PBOC Interest Rate Decision - 0115 GMT

• China's FDI - 0900 GMT

• Hong Kong's Unemployment Rate - 0830 GMT

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

EUR/USD Steady Ahead of Major US Data Releases

EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes.

RoboForex | 18h 10min ago

Daily Global Market Update

Bitcoin faces a bearish trend, while Alibaba Bar stock shows potential for upward movement. The Aussie Dollar is correcting downwards but may recover, and Gold is on an upward trajectory. Global markets are influenced by geopolitical tensions and economic indicators. Key economic events this week include Japanese and European data releases.

Moneta Markets | 21h 24min ago

All Eye on Today’s PCE

Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar.

PU Prime | 21h 48min ago

Daily Global Market Update

Gold prices dropped significantly, while the Euro gained slightly. The Pound dipped, and Bitcoin fell sharply. Global equities rose as the dollar weakened. DeFi tokens surged, and the total value locked in DeFi reached a three-year high. Apple's investment proposal in Indonesia was rejected. Key economic events like US Non-Farm Payrolls and UK CPI are due.

Moneta Markets | 1 day ago