Daily Global Market Update

EUR/USD declined slightly, USD/JPY strengthened, gold dropped sharply, Amazon shares fell, USD/CAD weakened due to a Bank of Canada rate cut, Wall Street declined due to rising yields and skepticism about Fed rate cuts, corporate news affected McDonald's and Coca-Cola, and US existing home sales hit a 14-year low.

Moneta Markets | 61天前

EUR/USD's Downward Movement

The EUR/USD pair experienced a minor decline of 0.1% in the latest trading session. The Rate of Change (ROC) indicator is currently showing a negative signal.

USD/JPY's Strong Performance

The dollar strengthened against the Japanese yen, gaining 0.9% in the latest session. The Ultimate Oscillator suggests the market is currently in overbought territory.

Gold's Sharp Decline

Gold experienced a significant drop of 1.1% in the latest trading session. The Stochastic RSI indicates bearish momentum.

Amazon Stock Under Pressure

Amazon shares declined by 2.2% in the latest session. The Stochastic RSI is showing bearish signals.

Market Headlines

The Canadian dollar has weakened to an 11-week low against its US counterpart following the Bank of Canada's significant interest rate cut. Wall Street experienced a decline, led by mega-cap stocks, as US Treasury yields increased and investors became more skeptical about aggressive Federal Reserve rate cuts. Both McDonald's and Coca-Cola faced pressure from corporate news. Additionally, US existing home sales fell to a 14-year low in September, affected by elevated mortgage rates and house prices, marking the second consecutive monthly decline.

Upcoming Economic Events

Key economic releases to watch:

• Japan's Jibun Bank Manufacturing PMI - 0030 GMT

• UK's GfK Consumer Confidence - 2301 GMT

• US Initial Jobless Claims - 1230 GMT

• German Buba Monthly Report - 1000 GMT

• US Chicago Fed National Activity Index - 1230 GMT

• Finland's Producer Price Index - 0500 GMT

规则: FSA (Seychelles), FSCA (South Africa)

Daily Global Market Update

Gold, Euro, and Pound declined against the dollar, with negative technical signals. Bitcoin experienced mixed signals, with a slight drop despite an initial gain. US stocks rose on holiday-thin trading, buoyed by the funding bill and tech gains, particularly Apple. MicroStrategy continued its Bitcoin buying spree.

Moneta Markets | 11小时9分钟前

Wall Street Rebounds Ahead of Christmas Holiday

Wall Street closed higher in yesterday's session, ahead of the Christmas holiday, with many markets expected to be closed. The “Santa Claus” rally, a phenomenon where markets often close positively in the final week of the year, is likely to have a positive impact on equity markets in the coming days.

PU Prime | 14小时19分钟前

Daily Global Market Update

Oil-Dollar rose 0.5%, Stochastic positive. Aussie Dollar up 0.2%, ROC negative. Euro gained 0.6%, Ultimate Oscillator negative. Dollar-Yen fell 0.6%, Stochastic RSI overbought. China held lending rates. Neo to launch EVs in Europe. Wall Street surged on easing inflation. Gold soared, yields down.

Moneta Markets | 1天前

Dollar Slides after Soft PCE Releases

The U.S. PCE reading released last Friday missed expectations, shifting market sentiment and introducing uncertainty at the start of the new trading week.

PU Prime | 1天前

Dollar Bolsters by Upbeat U.S. Economic Indicators

Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high.

PU Prime | 4天前

ATFX Market Outlook 19th December 2024

The U.S. central bank lowered interest rates on Wednesday, as expected. Federal Reserve Chair Jerome Powell indicated that further cuts would depend on progress in reducing high inflation. His remarks suggest policymakers are considering potential economic changes under the Trump administration.

ATFX | 5天前

Dollar Jumps on Fed’s Hawkish Remark

The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve's hawkish stance.

PU Prime | 5天前

Daily Global Market Update

EUR/USD stagnated with a negative MACD, while USD/JPY rose 0.1% with a positive RSI. Gold fell 0.3% with a negative Stochastic, and Volkswagen gained 0.1% with a positive MACD. Oil rose on falling US crude inventories, limited by the Fed's 25 bp rate cut to 4.25%-4.5%.

Moneta Markets | 5天前

EURUSD	1.03878	GBPUSD	1.2524	AUDUSD	0.62311
USDJPY	157.25	USDCAD	1.43681	USDCHF	0.90117