Daily Global Market Update 25/04/2024

Daily Global Market Update 25/04/2024
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Daily Global Market Update 25/04/2024

By Moneta Markets
Euro Dollar's Stability The euro-dollar price remained largely unchanged in the last session. The stochastic indicator is giving a positive signal. Dollar's Strength Against the Yen The dollar gained 0.33% against the yen in the last session. According to the Williams indicator, we are in an overbought market. Gold-Dollar Pair's Drop The gold-dollar pair dropped by 0.3% in the last session. The stochastic RSI indicates an oversold market. Tesla's Stock Performance Tesla's stock dropped by 0.5% in the last session. The ultimate oscillator is giving a positive signal. World Financial Updates The yen dropped against the US dollar to its weakest since mid-1990 above the ¥55 area, with markets alert to any signs of intervention from Japanese authorities to prop up their currency. The benchmark S&P 500 closed higher in choppy trading as investors weighed an uptick in treasury yields amid positive corporate results, particularly from technology giants. An auction of a record $7 billion worth of 5-year US Treasury notes helped to push bond yields higher. Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US Gross Domestic Product (Annualized) - 12:30 GMT • US Gross Domestic Product Price Index - 12:30 GMT • French Business Climate in Manufacturing - 06:45 GMT • Japan's Tokyo Consumer Price Index - 23:50 GMT • Japan's Coincident Index - 05:00 GMT • UK's GfK Consumer Confidence - 23:01 GMT
Publication date:
2024-04-25 09:32:06 (GMT)
 
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