Daily Global Market Update
Oil-Dollar Pair Correction
The oil-dollar pair corrected downwards by 0.2% in the last session. The Williams indicator indicates an overbought market.
Aussie Dollar Pair Sideways Trading
The Aussie dollar pair traded sideways in the last session. According to the stochastic RSI, we are in an overbought market.
Euro-Dollar Price Stability
The euro-dollar price remained largely unchanged in the last session. The ultimate oscillator is giving a positive signal.
Dollar-Yen Pair Sideways Trading
The dollar-yen pair traded sideways in the last session. The ultimate oscillator is giving a negative signal.
Global Headlines
China's foreign exchange reserves rose in March, reaching $3.246 trillion, despite the US dollar's climb against other major currencies. Tesla has cancelled its long-promised inexpensive car, focusing instead on developing self-driving robotaxis. US stocks finished higher last week, driven by a strong jobs report, reinforcing the view of a healthy economy and potentially delaying interest rate cuts by the Federal Reserve. All major S&P 500 sectors advanced.
Upcoming Economic Events
Here are today's most important economic events:
• Japan's Eco Watchers Survey Current - 0500 GMT
• Japan's Eco Watchers Survey Outlook - 0500 GMT
• US 6-Month Bill Auction - 1530 GMT
• UK's BRC Like-for-Like Retail Sales - 2301 GMT
• US 3-Month Bill Auction - 1530 GMT
• Germany's Trade Balance - 0600 GMT
EBC Markets Briefing | Asian funds feel unsettled for the rest of 2024
EBC Markets Briefing | US stocks muted as investors await key earnings
Demand for safe assets lingers
AUD/USD Struggles for Stability: Chances are Slim
USDJPY poised for a bullish trend reversal
Crypto Market Stumbles During Climb
Daily Global Market Update
