Daily Global Market Update

Oil and Aussie Dollar up, Euro and Yen mixed. Hyundai India seeks record IPO in Mumbai. NASDAQ sets new high, US stock indices flat. Watch US bill auctions, Eurozone meeting, and inflation data for market direction. Buckle up for an intriguing day in financial markets!

Oil-Dollar Pair's Gain

The Oil-Dollar pair saw an increase of 0.6% in the last session, with a peak rise of 1.6%. The Williams Percent Range indicator suggests an overbought market condition.

 

 

Australian Dollar's Stable Movement

The Australian Dollar traded sideways last session, with the Commodity Channel Index (CCI) indicating a positive trend.

 

 

Euro-Dollar Pair's Stable Movement

The Euro-Dollar also traded sideways, with the Rate of Change (ROC) showing a positive signal.

 

 

Dollar-Yen's Neutral Trend

The Dollar-Yen pair displayed a sideways movement with a negative signal from the Rate of Change (ROC).

 

 

Global Financial Headlines

Hyundai Motors's India unit seeks regulatory approval for a stock market listing in Mumbai, potentially the nation's biggest IPO, with the South Korean parent planning to sell up to a 17.5% stake. The NASDAQ eked out a fifth straight record closing high following gains in Adobe and other tech-related shares, while the S&P 500 and Dow ended slightly lower.

 

Upcoming Economic Highlights

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

• US 3-Month Bill Auction - 1530 GMT

• US 6-Month Bill Auction - 1530 GMT

• Eurozone's Euro Group Meeting - 0700 GMT

• Germany's Boer Monthly Report - 1000 GMT

• Italy's Consumer Price Index - 0800 GMT

• Australia's Consumer Inflation Expectations - 0100 GMT

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

Strong US data keep the dollar in demand

ECB cuts rate, keeps door wide open to a December move; Euro suffers as US retail sales surprise on the upside; Focus today is on Fedspeak and in particular Fed’s Bostic; Gold surpasses $2,700 as China announces further measures
XM Group | 2 gün önce
EURGBP goes back to a downtrend

EURGBP goes back to a downtrend

EURGBP charts new 2 ½-year low after UK retail sales beat estimates . Short-term bias is skewed to the downside, but price near familiar support line.
XM Group | 2 gün önce
Daily Global Market Update

Daily Global Market Update

The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.
Moneta Markets | 2 gün önce
Dollar Strength and Chinese Renminbi Weakness

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 | 2 gün önce