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Daily Global Market Update 15/04/2024

Oil-Dollar Pair's Sideways Trade The oil-dollar pair traded sideways in the last session. The Stochastic indicator is giving a negative signal. Aussie Dollar's Unchanged Price The Aussie dollar price remained largely unchanged in the last session. The MACD is giving a negative signal, consistent with our overall technical analysis. Euro Dollar's Unchanged Price The euro dollar price remained largely unchanged in the last session. According to the RSI, we are in an oversold market. Dollar Yen's Steady Price The dollar yen price remained largely unchanged in the last session. The Stochastic indicator is giving a positive signal, aligning with our overall technical analysis. Global Financial Headlines Gold prices rose above $2,400 per ounce to an all-time high last week, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe haven asset. US Steel shareholders approved its proposed $14.9 billion acquisition by Japan's Nippon Steel as expected, taking the merger one step closer to completion, even as political opposition to the deal mounts. US Energy shares are soaring as investors benefit from rising oil prices and a stronger than expected economy. The S&P 500 energy sector is up about 177% in 2024, roughly doubling the broader index's year-to-date return. Upcoming Economic Highlights Here's a brief rundown of today's most important economic events: • US Retail Sales - 1230 GMT • US NAHB Housing Market Index - 1400 GMT • US 3-Month Bill Auction - 1530 GMT • US 6-Month Bill Auction - 1530 GMT • Finland's Consumer Price Index - 5000 GMT • Eurozone's Industrial Production - 900 GMT

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Publication date:

2024-04-15 12:16:58 (GMT)

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