Daily Global Market Update

Oil surged 1.1%, overbought on CCI. Aussie gained 0.1%, positive Stochastic. Euro climbed 0.4%, positive Williams %R. Yen dipped 0.1%, overbought on Williams %R, negative signal. US stocks rebounded on rate cut hopes and Foxconn revenue surge. Key events: Dutch Retail Sales, German CPI, UK CFTC GBP positions, Japan Services PMI, US Bill Auction.

Moneta Markets | 2 days ago

Oil's Skyrocketing Performance

The oil-dollar pair surged by 1.1% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

Aussie's Slight Bump

The Australian dollar gained 0.1% against the US dollar in the last session. The Stochastic indicator is showing a positive signal.

Euro's Positive Signal

The EUR/USD pair climbed 0.4% in the last session. The Williams Percent Range indicator is emitting a positive signal.

Yen's Downward Correction

The USD/JPY pair dipped 0.1% in the last session, following a minor downward correction. The Williams Percent Range indicator suggests an overbought market, supporting a negative signal in technical analysis.

Global Financial Headlines

US stocks rebounded in the final session of a holiday-shortened week, buoyed by investor optimism about anticipated Federal Reserve rate cuts and more lenient regulatory policies under a new administration. In corporate news, Taiwan's Foxconn recorded its highest-ever quarterly revenue, fuelled by strong demand for AI servers and iPhones, with a 15.2% year-on-year revenue jump to $64.7 billion.

Upcoming Economic Highlights

Key economic events to monitor include:

• Dutch Retail Sales - 0530 GMT

• Japan's CFTC JPY NC Net Positions - 2030 GMT

• Germany's Harmonised Index of Consumer Prices - 1300 GMT

• UK's CFTC GBP NC Net Positions - 2030 GMT

• Japan's Jibun Bank Services PMI - 0030 GMT

• US 3-Month Bill Auction - 1630 GMT

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

Dollar Strengthen on Strong Economic Performance

The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump's inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend.

PU Prime | 13h 51min ago

Daily Global Market Update

Gold dipped slightly against the dollar, while the Euro and Pound gained. Bitcoin surged. Wall Street rallied on AI optimism and potential tariff easing. MicroStrategy added to its Bitcoin holdings. Key economic events include bond auctions, unemployment data, and retail sales figures.

Moneta Markets | 1 day ago

Canadian Dollar Calm After Prime Minister Step-Down

Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership.

PU Prime | 1 day ago

ATFX Market Outlook 6th January 2025

Some Federal Reserve officials suggested that the Fed may need to maintain a restrictive policy longer due to inflation risks. Despite this, U.S. stocks rebounded on Friday, with the S&P 500 ending its longest losing streak since April last year, marking its largest single-day gain since Trump's victory.

ATFX | 2 days ago

Dollar Strengthens, Euro Faces Further Downside

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for JAN 3, 2025.

Ultima Markets | 2 days ago

ATFX Market Outlook 3rd January 2025

The dollar is set for its best weekly performance in over a month, reaching a two-year high of 109.54 against other currencies due to expectations of fewer Federal Reserve rate cuts and a strong U.S. economy. Initial jobless claims dropped to an eight-month low, indicating a resilient labour market.

ATFX | 3 days ago

Dollar Strong on Resilient Job Data

The U.S. dollar extended its rally, with the Dollar Index (DXY) surging to 109.00 for the first time since November 2022 following upbeat economic data.

PU Prime | 5 days ago

Yen Shows Short-Term Appreciation Potential

Japan’s finance minister and Japan’s top foreign exchange diplomat said in separate media briefings that officials are concerned about “excessive” exchange rate fluctuations and are ready to take “appropriate action.”

Ultima Markets | 6 days ago

EURUSD	1.03128	GBPUSD	1.23565	AUDUSD	0.62125
USDJPY	158.448	USDCAD	1.43872	USDCHF	0.91148