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 | Pred 64 dňami

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

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

Značky: Analýza

Dollar Strength and Chinese Renminbi Weakness

The U.S. dollar has shown persistent strength in global currency markets, with the dollar index breaking above the critical 103.00 level. This resurgence has been driven by a combination of factors, including robust economic data from the U.S., heightened global risk aversion, and relative weakness in other major currencies, most notably the Chinese renminbi (CNY).

ACY Securities | Pred 34 minútami

Monetary Policy and Economic Developments in Japan and the U.S.

In early October, the Bank of Japan (BOJ) held a regional meeting that highlighted positive trends in consumer spending, driven in part by wage growth, especially among younger demographics.

ACY Securities | Pred 36 minútami

How You Can Trade the NZDCAD From the Monetary Policy Divergency

The recent inflation data from New Zealand and Canada has triggered notable movements in their respective currencies, the NZD and CAD. While both countries experienced a slowdown in inflation, the market response has been different.

ACY Securities | Pred 39 minútami

EBC Markets Briefing | Bullion eyes record high despite dollar comeback

Gold reached its peak as Treasury yields fell. LBMA delegates forecast gold at $2,941 and silver at $45 within 12 months.

EBC Financial Group | Pred 19 h 8 min

US dollar could benefit from an unexciting ECB meeting

ECB meets but unlikely to reverse euro’s recent trend; Both the dollar and US stocks are in a good mood; Netflix reports today after TSMC's massive profit jump; Gold and bitcoin in demand, oil craves a bullish catalyst

XM Group | Pred 20 h 17 min

AUD/USD Rises Following Strong Australian Employment Data

AUD/USD rebounded on Thursday after three consecutive days of declines. This was supported by robust employment data from Australia, which bolstered the hawkish outlook on the Reserve Bank of Australia's (RBA) monetary policy.

RoboForex | Pred 20 h 19 min

Sector Winners and Losers: Which Industries Could Benefit or Suffer from the 2024 US Presidential Election Results?

As the 2024 US Presidential Election draws near, all eyes are turning towards the American economy and the potential impact on its several sectors. This is not surprising, given the diametrically opposing stances towards policies and each candidate is expected to uphold as apex representatives of their respective parties.

Vantage | Pred 20 h 30 min

The Crypto Market Stabilises at the Top

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The Crypto Market Stabilises at the Top

FxPro | Pred 21 h 8 min

EURUSD	1.08398	GBPUSD	1.30215	AUDUSD	0.67012
USDJPY	149.808	USDCAD	1.3796	USDCHF	0.86556