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Daily Global Market Update

Euro's Market Stagnation

The EUR/USD pair remained largely unchanged in the last trading session. The MACD is currently indicating a negative signal.



Dollar-Yen's Upward Correction

The USD/JPY pair saw a slight rise of 0.1% in the last session. The RSI is giving a positive signal.



Gold's Decline Continues

The GOLD/USD pair dropped by 0.3% in the last session. The Stochastic indicator is signalling a negative trend.



Volkswagen's Minor Gain

Volkswagen shares saw a modest rise of 0.1% in the last session. The MACD is giving a positive signal.



Global Financial Headlines

Oil prices rose as US crude inventories fell, but gains were limited after the Federal Reserve cut interest rates while signalling a slower pace of future reductions. The Fed's 25 basis-point cut set rates between 4.25% and 4.5%. Meanwhile, US stocks erased gains following the announcement, reflecting cautious market sentiment.


Upcoming Economic Highlights

Key economic events to monitor include:

  • Japan's Labour Cash Earnings – 2330 GMT
  • US Red Book Index – 1355 GMT
  • UK's BRC Retail Sales – 0001 GMT
  • Japan's Overall Household Spending – 2330 GMT
  • Eurozone's Unemployment Rate – 1000 GMT
  • Germany's Industrial Production – 0700 GMT