Daily Global Market Update

Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,

Moneta Markets | 4h 53min ago

Euro's Downward Correction

The EUR/USD pair made a minor downward correction in the last session, dropping 0.2%. According to the RSI, the market is currently oversold.

Dollar's Gain Against Yen

The dollar gained 0.4% against the yen in the last session. The MACD is giving a positive signal.

Gold's Market Position

The Gold/Dollar pair gained 0.5% in the last session. According to the CCI, the market is currently overbought.

Nike's Stock Performance

Nike's stock rose 2.2% in the last session. The CCI is giving a positive signal.

Global Financial Headlines

The Canadian dollar rose against its US counterpart as investors assessed the Bank of Canada's potential policy easing. US stocks were mixed, and gold gained strength as bank earnings exceeded expectations. Spain's benchmark IEX closed at its highest since January 2010, following a rally of over 18% this year.

Upcoming Economic Highlights

Key economic events to look out for include:

• Australia's Employment Change - 0030 GMT

• Eurozone's Harmonized Index of Consumer Prices - 0900 GMT

• Australia's Unemployment Rate - 0030 GMT

• Dutch Unemployment Rate - 0430 GMT

• Japan's Tertiary Industry Index - 0430 GMT

• US Retail Sales - 1230 GMT

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

Tags: Analysis EURUSD

Dow Jones Set New High on Earnings Optimism

The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks

PU Prime | 5h 46min ago

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.

RoboForex | 1 day ago

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.

Moneta Markets | 2 days ago

Wall Street Bullish as Market Confidence on Earnings Performance

Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season.

PU Prime | 2 days ago

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.

RoboForex | 3 days ago

Dollar Holds Firm, But Will the Strength Persist?

The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts.

PU Prime | 3 days ago

Oil Prices Surge on Heightened Geopolitical Tension

Oil experienced heightened volatility in yesterday's session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to global oil supply.

PU Prime | 6 days ago

Daily Global Market Update

The EUR/USD declined slightly, while the USD/JPY surged. Gold corrected, and NIO's shares rose. The Canadian dollar weakened, and US home loan rates increased. European stocks rebounded, anticipating interest rate cuts. Key economic events include US CPI and jobless claims, Finland's industrial output, Austrian industrial production, Japan's money supply, and Australia's inflation expectations.

Moneta Markets | 7 days ago

EURUSD	1.08665	GBPUSD	1.30134	AUDUSD	0.66995
USDJPY	149.589	USDCAD	1.37774	USDCHF	0.86344