Daily Global Market Update
Euro's Downward Correction
The EUR/USD pair corrected downwards in the last session, falling 0.2%. The MACD is giving a positive signal.
Dollar's Slight Decline Against Yen
The US dollar dipped by 0.1% against the yen in the last session. The RSI is giving a negative signal.
Gold's Market Weakness
Gold fell 0.5% against the dollar in the last trading session. The Williams Percent Range indicator is giving a negative signal.
Nike Shares Surge
Nike shares rose by 2.5% in the last session. The Commodity Channel Index (CCI) indicates an overbought market.
Global Financial Headlines
The US dollar strengthened against major currencies after the Federal Reserve kept interest rates unchanged. Equity indices declined while treasury yields increased as the Federal Reserve gave little insight into future rate cuts. Oil prices dropped, hitting a multi-week low as US crude stockpiles rose beyond expectations. Additionally, the White House reaffirmed its stance on imposing 25% tariffs on imports from Canada and Mexico.
Upcoming Economic Highlights
Key economic events to look out for include:
• Australia's Export Price Index - 0300 GMT
• Japan's Jobs-to-Applicants Ratio - 2330 GMT
• Australia's Import Price Index - 0300 GMT
• US Gross Domestic Product Index - 1330 GMT
• Germany's Import Price Index - 0700 GMT
• Japan's Industrial Production - 2350 GMT