Daily Global Market Update

The Euro and Gold dipped slightly, while the Dollar strengthened against the Yen. Meta's stock surged but might be overbought. Amazon hit $2 trillion in market cap, boosting investor optimism. Upcoming economic data include US GDP and Durable Goods Orders.

Euro's Minor Dip Against the Dollar

The Euro/Dollar pair saw a minor decrease of 0.2% in the last session. The MACD is giving a negative signal, suggesting a potential further decline.

 

 

Dollar Strengthens Against Yen

The Dollar rose by 0.6% against the Yen in the last session. The Ultimate Oscillator indicates that we are currently in an overbought market.

 

 

Gold's Drop Amid Market Volatility

The Gold/Dollar pair dropped by 0.9% in the last session. According to the Williams %R indicator, we are currently in an oversold market.

 

 

Meta's Stock Surge

Meta's stock gained 1.4% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.

 

 

Global Financial Headlines

Amazon.com reached a market valuation of $2 trillion, reflecting heightened optimism around AI and potential interest rate cuts. Meanwhile, major US stock indexes experienced modest gains in a volatile session, with key events like the presidential debate and upcoming inflation reports closely watched by the Federal Reserve.

 

Upcoming Economic Highlights

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

• US Gross Domestic Product - 1230 GMT

• US Durable Goods Orders - 1230 GMT

• Australia's Consumer Inflation Expectations - 0100 GMT

• Eurozone Eurogroup Meetings - 0700 GMT

• Japan's Tokyo Consumer Price Index - 2330 GMT

• Japan's Unemployment Rate - 2330 GMT

Regulacja: FSA (Seychelles), FSCA (South Africa)
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Strong US data keep the dollar in demand

Strong US data keep the dollar in demand

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Daily Global Market Update

Daily Global Market Update

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