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Daily Global Market Update

Euro's Upward Correction

The EUR/USD pair experienced a slight upward correction during the last session. The Stochastic indicator is signalling a positive trend.



Yen's Positive Momentum

The dollar gained slightly against the yen during the last session. The Williams Percent Range indicator is giving a positive signal.



Gold's Modest Gain

The gold-dollar pair recorded a modest gain in the last session. The Ultimate Oscillator indicates a positive trend.



Amazon's Steady Growth

Amazon shares rose steadily during the last session. The Rate of Change (ROC) indicator is signalling a negative trend, warranting closer monitoring.



Global Financial Headlines

Global shares presented mixed performance as markets reacted to geopolitical developments. Political turmoil in South Korea included the temporary imposition and lifting of martial law, while a no-confidence vote in France toppled the government. Meanwhile, US stocks posted solid gains led by technology shares after positive earnings reports from Salesforce. Federal Reserve Chair Jerome Powell’s remarks further boosted market sentiment, although US service sector activity slowed in November but remained above levels indicating solid economic growth.


Upcoming Economic Highlights

Key economic events include:

  • US Service PMI - 1400 GMT
  • Eurozone GDP Growth Rate - 1000 GMT
  • UK Manufacturing PMI - 0930 GMT
  • Japan’s Household Spending - 2330 GMT
  • Germany’s Industrial Orders - 0700 GMT
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