Daily Global Market Update
Oil's Skyrocketing Movement
The oil-dollar pair surged by 1.4% in the last session. The Ultimate Oscillator is indicating a positive signal, suggesting a bullish trend.
Aussie Dollar's Minor Dip
The AUD/USD pair dipped slightly by 0.1% during the last session. The Ultimate Oscillator is once again giving a positive signal.
Euro's Decline
The Euro lost 0.5% against the dollar in the last session. The MACD is currently signalling a negative trend, suggesting further bearish momentum.
Dollar-Yen's Upwards Correction
The USD/JPY pair rose slightly by 0.1% in the last session. The Stochastic RSI indicates the market is oversold, suggesting potential bullish opportunities ahead.
Global Financial Highlights
Global equities marked a strong weekly gain as US Treasury yields retreated. The S&P 500 advanced 1.7%, approaching record highs. Amazon has doubled its investment in Anthropic, pouring another $4 billion into the AI-focused firm. Meanwhile, Bitcoin remains near the $100,000 threshold, as traders prepare for potential market-shifting policies from Donald Trump’s incoming administration.
Upcoming Economic Events
Key economic events to monitor include:
• Japan's Labour Cash Earnings - 2330 GMT
• US Red Book Index - 1355 GMT
• Eurozone's Retail Sales - 1000 GMT
• Germany's Industrial Production - 0700 GMT