Daily Global Market Update

Oil's Slight Retreat

The Oil-Dollar pair experienced a 0.5% decrease in the previous session. According to the Relative Strength Index (RSI), we are currently observing a positive signal in the market.

Aussie Dollar's Standstill

The Aussie Dollar pair remained largely unchanged in the last session. The MACD is indicating a negative trend.

Euro's Steady Course

The Euro-Dollar pair showed little change in its last session. The Williams Percentage Range indicator is giving a positive signal.

Dollar-Yen's Neutral Movement

The Dollar-Yen pair traded sideways in the last session. The Ultimate Oscillator is currently indicating a positive signal.

Global Financial Headlines

Tech shares have contributed to the S&P 500 reaching a record high for the first time in two years, indicating a bull market. Meanwhile, European stocks have seen weekly declines due to diminishing expectations for Central Bank interest rate cuts. Vinfast, the Vietnamese electric car maker, reported lower-than-expected sales, attributing the shortfall to various factors including slow EV adoption and economic uncertainties. In Japan, a slowdown in inflation gives Central Bankers a reason to maintain their negative rate policy. Europe sees a decline in inflation expectations, while the US observes an increase in retail sales and consumer sentiment.

Upcoming Economic Highlights

Here's a brief rundown of today's key economic events:

• US 6-Month Bill Auction - 1630 hours GMT

• US 3-Month Bill Auction - 1630 hours GMT

• Dutch Consumer Confidence at 0530 GMT

• Belgian Consumer Confidence Index - 1000 hours GMT

• Germany's Buba Monthly Report - 1100 hours GMT

• China's PBOC Interest Rate Decision - 0115 GMT