Daily Global Market Update
Euro/Dollar's Slight Uptick
The Euro/Dollar pair experienced a minor upward correction, gaining 0.2% in the last session. The MACD is giving a positive signal.
Dollar/Yen's Stability
The Dollar/Yen price remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal.
Gold's Sideways Movement
The Gold/Dollar pair traded sideways in the last session. The ROC is giving a positive signal.
Google's Stock Rise
Google shares rose by 0.4% in the last session. The ROC is giving a negative signal.
Global Financial Headlines
The pound steadied near the one-year high it touched against the dollar the previous day, with the US currency under pressure from rising expectations of Federal Reserve interest rate cuts. The S&P 500 and the NASDAQ edged up as a sharp downward revision in US jobs data for the year ended March 2024 indicated a slowdown in the labour market, propping up hopes the Federal Reserve would cut interest rates this month. Gold prices eased with investors looking forward to the minutes from the US Federal Reserve's latest policy meeting for more cues on interest rate cuts. Spot gold was down 0.2%.
Upcoming Economic Highlights
Here's a brief rundown of today's anticipated economic releases:
• UK's GfK Consumer Confidence - 2301 GMT
• Belgian Consumer Confidence Index - 0900 GMT
• Eurozone's Consumer Confidence - 1400 GMT
• US Initial Jobless Claims - 1230 GMT
• US Continuing Jobless Claims - 1230 GMT
• Japan's Jibun Bank Manufacturing PMI - 0030 GMT
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