Daily Global Market Update

Oil prices dipped amid geopolitical tensions and economic concerns. The Australian dollar and euro strengthened, while the Japanese yen appreciated against the US dollar. Key economic events like the US Dallas Fed Manufacturing Business Index and Japanese unemployment rate are upcoming, which may influence market sentiment.

Crude Oil's Significant Decline

Oil experienced a notable decline, closing 0.9% lower after an intra-session dip of 1.9%. The RSI indicator is currently showing a negative signal.

 

 

Australian Dollar's Upward Movement

The AUD/USD pair showed a slight upward correction, gaining 0.1% in the last session. The Stochastic indicator is providing a positive signal.

 

 

Euro's Positive Performance

The EUR/USD pair advanced by 0.4% in the last session. The RSI indicator is showing a positive signal.

 

 

Japanese Yen's Strength

The USD/JPY pair saw the dollar decline by 0.5% against the yen in the last trading session. The Williams Percent Range indicator is showing a negative signal.

 

 

Global Financial Headlines

Oil markets remain in focus following Israel's retaliatory strike on Iran, which notably avoided disrupting oil infrastructure and nuclear facilities. Oil futures saw a 4% gain last week amid market uncertainty. China's industrial sector faced challenges with September profits declining 27.1% year-over-year, marking the steepest monthly drop of the year. In technology sector news, Nvidia has surpassed Apple as the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion.

 

Upcoming Economic Highlights

Key economic events to watch include:

• US Dallas Fed Manufacturing Business Index - 1430 GMT

• US 3-Month Bill Auction - 1530 GMT

• Finland's Consumer Confidence - 0600 GMT

• Finland's Industrial Confidence - 0600 GMT

• Japan's Jobs Applicants Ratio - 2330 GMT

• Japan's Unemployment Rate - 2330 GMT

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