Daily Global Market Update

Oil-Dollar rose 0.5%, Stochastic positive. Aussie Dollar up 0.2%, ROC negative. Euro gained 0.6%, Ultimate Oscillator negative. Dollar-Yen fell 0.6%, Stochastic RSI overbought. China held lending rates. Neo to launch EVs in Europe. Wall Street surged on easing inflation. Gold soared, yields down.

Moneta Markets | 8h 53min ago

Oil's Positive Performance

The Oil-Dollar pair gained 0.5% in the last session. The Stochastic indicator is giving a positive signal.

Aussie Dollar's Minor Gain

The Aussie-Dollar pair rose by 0.2% in the last session. The Rate of Change (ROC) indicator is giving a negative signal.

Euro's Continued Strength

The EUR/USD pair gained 0.6% in the last session. The Ultimate Oscillator is giving a negative signal.

Dollar Weakens Against Yen

The Dollar-Yen pair fell by 0.6% in the last session. The Stochastic RSI indicates an overbought market.

Global Market and Economic Updates

China maintained its benchmark lending rates as expected, with the one-year loan PR rate at 3.1% and the five-year LPR at 3.6%. Neo plans to launch its Firefly EV brand in Europe by early 2025, competing with Mercedes Smart and BMW's Mini. Meanwhile, Wall Street surged as cooler-than-expected inflation data boosted investor confidence. Gold soared, and US Treasury yields eased from multi-month highs.

Key Economic Events to Watch

Significant economic updates include:

• China's Industrial Production - 0600 GMT

• US Core Inflation Rate - 1230 GMT

• Eurozone GDP Growth Rate - 1000 GMT

• Japan's Machine Orders - 2330 GMT

• UK's Consumer Confidence Index - 0700 GMT

• Germany's Trade Balance - 0600 GMT

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Tags: Analysis EURUSD

Dollar Slides after Soft PCE Releases

The U.S. PCE reading released last Friday missed expectations, shifting market sentiment and introducing uncertainty at the start of the new trading week.

PU Prime | 11h 57min ago

Dollar Bolsters by Upbeat U.S. Economic Indicators

Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high.

PU Prime | 3 days ago

ATFX Market Outlook 19th December 2024

The U.S. central bank lowered interest rates on Wednesday, as expected. Federal Reserve Chair Jerome Powell indicated that further cuts would depend on progress in reducing high inflation. His remarks suggest policymakers are considering potential economic changes under the Trump administration.

ATFX | 4 days ago

Dollar Jumps on Fed’s Hawkish Remark

The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve's hawkish stance.

PU Prime | 4 days ago

Daily Global Market Update

EUR/USD stagnated with a negative MACD, while USD/JPY rose 0.1% with a positive RSI. Gold fell 0.3% with a negative Stochastic, and Volkswagen gained 0.1% with a positive MACD. Oil rose on falling US crude inventories, limited by the Fed's 25 bp rate cut to 4.25%-4.5%.

Moneta Markets | 4 days ago

Global Currency Trends: What They Reveal About the World Economy

The EUR, one of the most traded currencies globally, has hit a rough patch EUR is now facing its largest short position in five years, a clear sign that investor sentiment is wavering. But why is this happening?

ACY Securities | 4 days ago

ATFX Market Outlook 18th December 2024

U.S. retail sales data exceeded expectations, indicating economic and consumption strength. Next, markets prepared for the Federal Reserve's interest rate decisions. On Tuesday, U.S. stocks fell, with the Dow Jones down for the ninth straight session. The S&P 500 and Nasdaq declined by 0.39% and 0.3%, respectively.

ATFX | 5 days ago

EUR/USD Holds Steady Ahead of Crucial Federal Reserve Meeting

The EUR/USD pair is trading neutrally around 1.0510 as market participants adopt a cautious stance ahead of the Federal Reserve's upcoming decision on interest rates.

RoboForex | 6 days ago

EURUSD	1.03952	GBPUSD	1.25313	AUDUSD	0.62284
USDJPY	157.173	USDCAD	1.44146	USDCHF	0.89918