Daily Global Market Update

Euro gained, Dollar Yen steady, Gold surged caution advised, Microsoft up, Global markets react to Fed, Today: Japan, Germany, US, Australia, UK releases.
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Euro's Gain Against Dollar

The Euro experienced an increase of 0.5% against the dollar in the last session. The Stochastic RSI indicates that we are currently in a market with a positive outlook.

 

 

Steady Dollar Yen Price

The Dollar Yen price remained largely unchanged in the last session. The Stochastic RSI suggests an overbought market.

 

 

Gold-Dollar Pair's Surge

The gold-dollar pair saw a significant increase of 1.5% in the last session. The Stochastic indicator is providing a negative signal, suggesting caution.

 

 

Microsoft Shares Uptick

Microsoft shares rose by 0.6% in the last session. The RSI's positive signal aligns with our overall technical analysis.

 

 

Global Financial Headlines

The dollar weakened and the Yen rebounded from near their multi-decade lows after the Federal Reserve held interest rates steady, as expected. Wall Street's main stock indexes rallied, with policymakers projecting three US rate cuts this year even as inflation remains elevated. Britain's inflation cooled to 3.4% in February, offering some respite to Prime Minister Rishi Sunak ahead of an expected election later this year.

 

Today's Economic Highlights

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

• Japan's Jibun Bank Manufacturing PMI - 00:30 GMT

• Germany's Bundesbank Monthly Report - 11:00 GMT

• US Initial Jobless Claims - 12:30 GMT

• US Current Account - 12:30 GMT

• Australia's Unemployment Rate - 00:30 GMT

• UK's Public Sector Net Borrowing - 07:00 GMT

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Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steady Fed policy.
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Daily Global Market Update

Daily Global Market Update

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Dollar extends retreat ahead of US Thanksgiving

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