Daily Global Market Update

The Euro/Dollar and Dollar/Yen pairs saw slight gains of 0.1% each, with the former in overbought territory. Gold fell 0.6% against the Dollar, while NIO shares dropped 4.8%. The dollar weakened as US inflation data hinted at potential Fed rate cuts, boosting the euro to an 8-month high. Wall Street showed mixed results, with tech stocks declining.

Moneta Markets | 101 days ago

Euro/Dollar's Slight Uptick

The Euro/Dollar pair made a minor upwards correction in the last session, gaining 0.1%. According to the CCI, we are in an overbought market.

Dollar/Yen's Modest Gain

The Dollar/Yen pair made a minor upwards correction in the last session, gaining 0.1%. The CCI is giving a positive signal.

Gold's Decline Against the Dollar

The Gold/Dollar pair fell 0.6% in the last session. The MACD is giving a positive signal.

NIO's Sharp Decline

Shares of NIO plummeted 4.8% in the last session. The Stochastic indicator is giving a positive signal.

Global Financial Headlines

The dollar lost ground against its major peers, helping the euro reach an 8-month peak as the US Consumer Price Index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near. Wall Street's main indices offered a mixed bag on Wednesday as Alphabet and some mega-cap tech stocks traded lower, but the latest inflation data reassured investors betting the Federal Reserve would start cutting US interest rates next month. US consumer prices rose moderately in July, and the annual increase in inflation slowed to below 3% for the first time in nearly three and a half years, opening the door wider for the Federal Reserve to cut interest rates next month.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• US Industrial Production - 1315 GMT

• Japan's Industrial Production - 0430 GMT

• Australia's Employment Change - 0130 GMT

• UK's Industrial Production - 0600 GMT

• US Retail Sales - 1230 GMT

• Japan's Capacity Utilization - 0430 GMT

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Tags: Analysis

Australia's Path to Recovery Economic Outlook for 2025

Australia's economy in 2024 has been marked by subdued GDP growth—the weakest outside the COVID-19 period—paired with persistently high inflation and elevated interest rates. However, prospects for 2025 suggest a cautiously optimistic recovery, driven by several supportive factors.

ACY Securities | 1h 41min ago

What’s Next for USD, CAD, and AUD?

The FX market has been showing some volatility, with the U.S. Dollar (USD) showing signs of softening amidst varying economic signals. The slight dip in the USD's strength was influenced by inconsistent Treasury yields and a relatively quiet economic calendar for this week.

ACY Securities | 1h 42min ago

EUR, GBP, and JPY Navigate Geopolitical and Economic Crosswinds

EUR: Fragile Stability Amid Geopolitical and Economic Uncertainty The Euro (EUR) has been influenced heavily by geopolitical and economic uncertainties. Key developments, such as Ukrainian missile strikes targeting Russia, have dampened market sentiment, creating a risk-averse environment that has amplified the divergence between German Bund and US Treasury yields.

ACY Securities | 1h 43min ago

Yen Strengthens on BoJ Speculation, Euro Struggles Amid Trade Tensions

The Japanese yen saw notable appreciation overnight, with USD/JPY dipping below the critical 155.00 level. This movement was spurred by comments from Bank of Japan (BoJ) Governor Kazuo Ueda, who avoided providing a definitive stance on whether the central bank might pivot its policy at the December meeting.

ACY Securities | 1h 44min ago

Geopolitical Fault Lines: Uneven Ripples Across Global Energy Markets

Global energy markets remain on edge as geopolitical risks, particularly stemming from the ongoing conflict between Russia and Ukraine, inject significant uncertainty into supply and demand dynamics. A recent focal point has been Ukraine's reported deployment of advanced missiles, escalating fears about potential threats to critical Russian energy infrastructure.

ACY Securities | 1h 50min ago

EBC Markets Briefing | Swiss franc heads for weekly gain in months

EURUSD	1.04793	GBPUSD	1.25952	AUDUSD	0.65281
USDJPY	154.021	USDCAD	1.3944	USDCHF	0.89052

Daily Global Market Update

Australia's Path to Recovery Economic Outlook for 2025

What’s Next for USD, CAD, and AUD?

EUR, GBP, and JPY Navigate Geopolitical and Economic Crosswinds

Yen Strengthens on BoJ Speculation, Euro Struggles Amid Trade Tensions

Geopolitical Fault Lines: Uneven Ripples Across Global Energy Markets

EBC Markets Briefing | Swiss franc heads for weekly gain in months

Dollar and gold gain as geopolitical risks and eurozone data worsen

Crypto market buzzing in anticipation of regulatory change