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Daily Global Market Update October 17th, 2024

Euro's Downward Correction The EUR/USD pair made a minor downward correction in the last session, dropping 0.2%. According to the RSI, the market is currently oversold. Dollar's Gain Against Yen The dollar gained 0.4% against the yen in the last session. The MACD is giving a positive signal. Gold's Market Position The Gold/Dollar pair gained 0.5% in the last session. According to the CCI, the market is currently overbought. Nike's Stock Performance Nike's stock rose 2.2% in the last session. The CCI is giving a positive signal. Global Financial Headlines The Canadian dollar rose against its US counterpart as investors assessed the Bank of Canada's potential policy easing. US stocks were mixed, and gold gained strength as bank earnings exceeded expectations. Spain's benchmark IEX closed at its highest since January 2010, following a rally of over 18% this year. Upcoming Economic Highlights Key economic events to look out for include: • Australia's Employment Change - 0030 GMT • Eurozone's Harmonized Index of Consumer Prices - 0900 GMT • Australia's Unemployment Rate - 0030 GMT • Dutch Unemployment Rate - 0430 GMT • Japan's Tertiary Industry Index - 0430 GMT • US Retail Sales - 1230 GMT

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Publication date:

2024-10-17 06:32:41 (GMT)

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