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Moneta Markets

Daily Global Market Update

Euro's Decline

The Euro fell by 0.4% against the dollar in the last trading session. The MACD is currently indicating a negative signal.



Dollar-Yen's Overbought Condition

The USD/JPY pair rose by 0.5% in the last trading session. The Williams Percent Range indicator shows the market is currently overbought.



Gold's Downtrend

Gold declined by 0.6% against the dollar in the last trading session. The Stochastic RSI indicates that the market is oversold.



Nike Stock Slight Decline

Nike’s stock saw a slight drop of 0.3% in the last trading session. The MACD is showing a positive signal.



Global Financial Headlines

The US dollar has advanced to a one-year high against major currencies, driven by recent “Trump trades.” The S&P 500 and the Dow showed gains, as expected US inflation data reinforces expectations for a December rate cut by the US Federal Reserve. In October, the Consumer Price Index rose by 0.2% for the fourth consecutive month. In Russia, GDP grew by 3.1% in Q3, down from the previous quarters, aligning with the economy ministry’s projections.


Upcoming Economic Highlights

Significant economic events to monitor include:

  • Japan’s Labour Cash Earnings – 23:30 GMT
  • US Red Book Index – 13:55 GMT
  • UK's BRC Retail Sales – 00:01 GMT
  • Japan’s Overall Household Spending – 23:30 GMT
  • Eurozone's Unemployment Rate – 10:00 GMT
  • Germany’s Industrial Production – 07:00 GMT
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