Daily Global Market Update

The Euro gained, Dollar-Yen dropped. Gold traded sideways, Tesla surged. US Dollar weakened after job data, suggesting larger Fed rate cuts. Global equities fell, safe-haven assets sought. Watch US ADP, ISM, Eurozone Retail, Japan Household, Australia Trade, and Japan Foreign Reserves.

Euro's Slight Gain Against the Dollar

The EUR/USD pair rose by 0.3% in the last trading session. The RSI is currently giving a negative signal.

 

 

Dollar-Yen Pair's Significant Drop

The USD/JPY pair dove 1.1% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Gold's Sideways Movement

The Gold/USD pair traded sideways in the last session. The MACD is giving a negative signal.

 

 

Tesla's Impressive Surge

Tesla's stock skyrocketed 4.1% in the last session. The Ultimate Oscillator is giving a negative signal.

 

 

Global Financial Headlines

The dollar slipped against most major currencies after July US job openings data signalled a softening labour market, tilting the odds further in favour of larger interest rate cuts by the Federal Reserve. Traders boosted expectations that the Fed will deliver a half a percentage point reduction at its next meeting. MSCI's global equities gauge was lower, and safe-haven assets such as Treasuries and Japan's Yen were in demand after a mixed batch of economic data. Wall Street stock trading was choppy after Tuesday's big selloff. US job openings dropped to a 3.5-year low in July, suggesting the labour market was losing steam but probably not enough for the Federal Reserve to consider a big interest rate cut this month. Job openings had fallen by 237,000 to 7.673 million on the last day of July, the lowest level since January 2021.

 

Upcoming Economic Highlights

Key economic events to look out for include:

• US ADP Employment Change - 12:15 GMT

• US ISM Services PMI - 14:00 GMT

• Eurozone's Retail Sales - 09:00 GMT

• Japan's Overall Household Spending - 23:30 GMT

• Australia's Trade Balance - 01:30 GMT

• Japan's Foreign Reserves - 23:50 GMT

规则: FSA (Seychelles), FSCA (South Africa)
read more
Daily Global Market Update

Daily Global Market Update

Euro/USD: Minor downward correction, oversold market. Dollar/Yen: Upward trend, positive signal. Gold/Dollar: Upward trend, overbought market. Nike: Upward trend, positive signal. Global: Canadian dollar rose, US stocks mixed, gold gained, Spain's IEX at highest since 2010. Upcoming: Australia's employment, Eurozone's inflation, Australia's unemployment, Dutch unemployment, Japan's tertiary index,
Moneta Markets | 7小时57分钟前
EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD Continues Downward Amid Economic Uncertainties

EUR/USD has sustained its position below the EMA-200 line, indicating a potential shift into a more defined downtrend. Recent comments from Raphael Bostic, head of the Atlanta Federal Reserve, have influenced this movement. Bostic suggests a modest 25-basis-point cut in interest rates this year – contrary to earlier predictions of a more aggressive 50-point reduction.
RoboForex | 1天前
USDJPY faces a pass or fail test

USDJPY faces a pass or fail test

USDJPY extends consolidation around August’s bar. Technical signals weaken, cannot warrant a bullish trend reversal. US retail sales, jobless claims due on Thursday at 12:30 GMT
XM Group | 1天前
Daily Global Market Update

Daily Global Market Update

Gold rose slightly, while the Euro dipped. The Pound remained stable, but Bitcoin surged. US stocks rallied, and crude prices fell. Key economic events include UK's employment data, US Red Book Index, and German ZEW survey.
Moneta Markets | 2天前
EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD Experiences Downward Pressure Amid Fed Rate Cut Speculations

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a 25-basis-point rate cut by the Fed in November currently stands at 86.8%, reflecting a cautious outlook for significant further easing this year.
RoboForex | 3天前
Will USDJPY Break Through 150 Level?

Will USDJPY Break Through 150 Level?

The Japanese yen (JPY) has recently experienced pronounced depreciation, a trend largely attributed to the sharp rise in U.S. Treasury yields following a robust U.S. jobs report released in early October.
ACY Securities | 3天前