Daily Global Market Update

Oil prices held steady, AUD/USD and EUR/USD pairs traded flat, USD/JPY stalled, US stocks surged on tech earnings. Upcoming economic events include US Dallas Fed Manufacturing and Eurozone Business Climate reports.

Moneta Markets | 213 days ago

Oil Prices Remain Stable

The price of oil saw little change in the last session. The stochastic RSI is indicating a positive signal.

AUD/USD Pair Trades Sideways

The AUD/USD pair showed little movement in the last session. The ROC is giving a mixed signal.

EUR/USD Price Stability

The euro-dollar price remained largely unchanged in the last session. The CCI is giving a positive signal.

USD/JPY Stalls

The dollar-yen price remained largely unchanged in the last session. The Williams indicator suggests an overbought market.

US Stocks Rally on Tech Earnings

US stocks ended the week strong, buoyed by a rally in mega-cap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Alphabet breached the $2 trillion market value mark for the first time since November 2021, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report. Amazon is set to report on Tuesday, and Apple on Thursday.

Upcoming Economic Events

Here are today's major economic events:

• US Dallas Fed Manufacturing Business Index - 1430 GMT

• US 3-Month Bill Auction - 1530 GMT

• Eurozone Business Climate - 0900 GMT

• Finland's Consumer Confidence - 0500 GMT

• Japan's Unemployment Rate - 2330 GMT

• Japan's Large Retailer Sales - 2350 GMT

Regulation: FSA (Seychelles), FSCA (South Africa)

Japanese Yen Climbs to Five-Week High Due to USD Weakness

The USD/JPY pair has dropped to 151.56, marking a five-week high for the yen. Market speculations fuel the currency's strength that the Bank of Japan (BoJ) might consider an interest rate hike as soon as December.

RoboForex | 8h 48min ago

Daily Global Market Update

The Euro is gaining strength, while the Yen is weakening. Gold is correcting upwards, and Alibaba stock is dipping. The Canadian dollar is recovering, but Wall Street is down. Key economic events include Canadian GDP, US inflation, Eurozone consumer confidence, and UK retail sales.

Moneta Markets | 12h 31min ago

Gold Decline on Easing Geopolitical Tension

The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November.

PU Prime | 13h 5min ago

How Global Economic Shifts Shape November's Trading Opportunities

The U.S. economy continues to chart a path toward a "soft landing," a scenario where inflation cools without triggering a severe recession. Gradual easing in the labour market underscores this trend, with recent jobless claims figures showing minor increases yet remaining well below concerning thresholds. Businesses are largely retaining staff, indicating stable employment conditions.

ACY Securities | 14h 21min ago

How Low Could EUR/USD Go?

In a significant market move, EUR/USD has plunged to levels not seen in over two years, driven by a combination of economic and geopolitical pressures. This sharp decline has been raising questions about the resilience of the eurozone economy and the broader implications for global currency dynamics.

ACY Securities | 14h 22min ago

Navigating the G3 Monetary Landscape December Brings Pivotal Decisions

As December approaches, global financial markets are gearing up for significant developments in the monetary policies of the world’s three major economies—the United States, the Eurozone, and Japan. A mix of rate adjustments, fiscal strategies, and macroeconomic signals is shaping the FX market, with traders and analysts keenly anticipating the outcomes.

ACY Securities | 14h 28min ago

EUR/USD Steady Ahead of Major US Data Releases

EUR/USD remains stable at around 1.0483 as markets digest the implications of the latest FOMC minutes.

RoboForex | 1 day ago

Daily Global Market Update

Bitcoin faces a bearish trend, while Alibaba Bar stock shows potential for upward movement. The Aussie Dollar is correcting downwards but may recover, and Gold is on an upward trajectory. Global markets are influenced by geopolitical tensions and economic indicators. Key economic events this week include Japanese and European data releases.

Moneta Markets | 1 day ago

EURUSD	1.05533	GBPUSD	1.26865	AUDUSD	0.65012
USDJPY	151.524	USDCAD	1.40088	USDCHF	0.88301