Daily Global Market Update
Euro's Decline
The Euro fell by 0.4% against the dollar in the last trading session. The MACD is currently indicating a negative signal.
Dollar-Yen's Overbought Condition
The USD/JPY pair rose by 0.5% in the last trading session. The Williams Percent Range indicator shows the market is currently overbought.
Gold's Downtrend
Gold declined by 0.6% against the dollar in the last trading session. The Stochastic RSI indicates that the market is oversold.
Nike Stock Slight Decline
Nike’s stock saw a slight drop of 0.3% in the last trading session. The MACD is showing a positive signal.
Global Financial Headlines
The US dollar has advanced to a one-year high against major currencies, driven by recent “Trump trades.” The S&P 500 and the Dow showed gains, as expected US inflation data reinforces expectations for a December rate cut by the US Federal Reserve. In October, the Consumer Price Index rose by 0.2% for the fourth consecutive month. In Russia, GDP grew by 3.1% in Q3, down from the previous quarters, aligning with the economy ministry’s projections.
Upcoming Economic Highlights
Significant economic events to monitor include:
• Japan’s Labour Cash Earnings – 23:30 GMT
• US Red Book Index – 13:55 GMT
• UK's BRC Retail Sales – 00:01 GMT
• Japan’s Overall Household Spending – 23:30 GMT
• Eurozone's Unemployment Rate – 10:00 GMT
• Germany’s Industrial Production – 07:00 GMT
Initial Jobless Claims Fuels Dollar
Dollar Surge on High CPI
USD/JPY at a Three-Month Peak: No One Opposes the US Dollar
Dow Jones Reach New High on Trump Victory
The dollar unstoppable for now
Daily Global Market Update
USDJPY Hits 14-Week High Amid US Election Dynamics
