Daily Global Market Update

Oil prices (CL1!) dropped 2.6%, Aussie dollar (AUDUSD) flat but oversold, Euro (EURUSD) steady with positive signal, Yen (USDJPY) unchanged with positive signal. China's fuel imports down, tech outage disrupts markets. US economic data and Eurozone meeting eyed today.

Moneta Markets | 126 days ago

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

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

NZDUSD, USDJPY, EURUSD

RBNZ to cut rates again with NZDUSD remaining in negative territory; US core PCE may give some clues for the next Fed meeting; USDJPY near 155.00; Eurozone flash CPI on the agenda; EURUSD tumbles 5% in three weeks

XM Group | 13h 35min ago

EUR/USD Amid Slowing European Economy

EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB).

RoboForex | 16h 16min ago

Daily Global Market Update

Oil rallied, Aussie Dollar dipped, Euro weakened, Dollar-Yen corrected. Global stocks surged, led by tech optimism. Bitcoin nears $100K, market awaits US policy shifts. Key economic data from Japan, US, Eurozone, and Germany due.

Moneta Markets | 20h 2min ago

Dollar Plummet on Trump’s Treasury Secretary Speculation

The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments.

PU Prime | 20h 51min ago

What’s Next for USD, CAD, and AUD?

The FX market has been showing some volatility, with the U.S. Dollar (USD) showing signs of softening amidst varying economic signals. The slight dip in the USD's strength was influenced by inconsistent Treasury yields and a relatively quiet economic calendar for this week.

ACY Securities | 23h 19min ago

EUR, GBP, and JPY Navigate Geopolitical and Economic Crosswinds

EUR: Fragile Stability Amid Geopolitical and Economic Uncertainty The Euro (EUR) has been influenced heavily by geopolitical and economic uncertainties. Key developments, such as Ukrainian missile strikes targeting Russia, have dampened market sentiment, creating a risk-averse environment that has amplified the divergence between German Bund and US Treasury yields.

ACY Securities | 23h 20min ago

Yen Strengthens on BoJ Speculation, Euro Struggles Amid Trade Tensions

The Japanese yen saw notable appreciation overnight, with USD/JPY dipping below the critical 155.00 level. This movement was spurred by comments from Bank of Japan (BoJ) Governor Kazuo Ueda, who avoided providing a definitive stance on whether the central bank might pivot its policy at the December meeting.

ACY Securities | 23h 21min ago

USD/JPY Awaits Potential Stimulus Impact

The USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.

RoboForex | 3 days ago

EURUSD	1.04609	GBPUSD	1.25338	AUDUSD	0.64752
USDJPY	154.023	USDCAD	1.41226	USDCHF	0.88783