Daily Global Market Update
Euro's Oversold Market
The EUR/USD pair fell by 0.7% in the last session. The Williams Percent Range indicator signals that the market is currently oversold.
Dollar's Positive Momentum
The USD/JPY pair gained 0.3% in the last session. The MACD is giving a negative signal, indicating potential bearish momentum.
Gold's Positive Signal
Gold rose by 0.5% against the dollar in the last session. The Stochastic RSI is indicating a positive signal, suggesting potential upward momentum.
Amazon's Bearish Trend
Amazon's stock dropped 1% in the last session. The Stochastic indicator is signalling a negative trend, pointing towards potential further declines.
Global Financial Headlines
Global shares edged lower amid renewed geopolitical tensions between Russia and the West. Bitcoin reached a record high, and the US dollar strengthened following renewed post-election rallies. British inflation exceeded expectations, rising back above the Bank of England’s 2% target at 2.3% annually, as underlying price growth also accelerated.
Upcoming Economic Highlights
Key economic events to watch for include:
• US Consumer Sentiment Index – 1500 GMT
• Eurozone Industrial Production – 1000 GMT
• UK Unemployment Rate – 0700 GMT
• Japan Machinery Orders – 2330 GMT
• US Initial Jobless Claims – 1230 GMT