Daily Global Market Update
Oil's Decline Against the Dollar
The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal.
Aussie Dollar's Sideways Movement
The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.
Euro's Sideways Movement
The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal.
Dollar's Decline Against the Yen
The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal.
Global Financial Headlines
Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand.
Upcoming Economic Highlights
Key economic events to look out for include:
• US 3-month Bill Auction - 1530 GMT
• US 6-month Bill Auction - 1530 GMT
• Germany's Producer Price Index - 0600 GMT
• China's PBOC Interest Rate Decision - 0115 GMT
• New Zealand's Exports - 2145 GMT
• New Zealand's Imports - 2145 GMT
Gold and dollar edge up as markets bet on Trump win
Gold Hits New Record Amid Geopolitical Tensions and US Election Uncertainty
The Crypto Market Maintains an upward Momentum
Crypto: From Fear to Greed in One Week
Weekly review: USD marching alongside with Gold & Stocks
EBC Markets Briefing | European stocks face lower bar now
EBC Markets Briefing | Dow nabs closing record on TSMC’s buoyant report
