Oil's Slight Decline
The oil/dollar pair fell by 0.3% in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
Australian Dollar's Movement
The AUD/USD pair saw minor fluctuations in the last session. The Williams Percent Range indicator is giving a positive signal.
Euro's Sideways Movement
The EUR/USD pair traded sideways in the last session. The Stochastic RSI is giving a positive signal.
Dollar/Yen Stability
The USD/JPY price remained largely unchanged in the last session. The Rate of Change (ROC) indicator is giving a positive signal.
Global Financial Headlines
The Federal Reserve is in focus next week as uncertainty swirls over interest rate cuts at its monetary policy meeting. The S&P 500 Index is just 1% shy of its July record high. Intel Corp has qualified for up to $3.5 billion in federal grants to make semiconductors for the US Department of Defense. Nvidia's 140% stock surge this year has accounted for about a quarter of the S&P 500's 17.7% gain, raising concerns about market vulnerability.
Upcoming Economic Highlights
Key economic events to look out for include:
• US 3-month Bill auction - 1530 GMT
• US 6-month Bill auction - 1530 GMT
• Eurozone's trade balance - 0900 GMT
• Italy's Consumer Price Index - 0800 GMT
• Eurozone's labour cost - 0900 GMT
• Italy's trade balance EU - 0900 GMT
Publication date:
2024-09-16 07:35:12 (GMT)
Challenges