

Daily Global Market Update 02/05/2024

Euro's Rise Against the Dollar The euro-dollar pair experienced a gain of 0.4% in the last session. The MACD is providing a positive signal. Dollar-Yen Pair's Decline The dollar-yen pair plummeted by 1.9% in the last session. The CCI is indicating a negative outlook. Gold's Surge Against the Dollar The gold-dollar pair skyrocketed by 1.2% in the last session. The stochastic RSI is providing a positive signal. Google's Sideways Movement Google's stock traded sideways in the last session. The ROC is indicating a negative outlook. Latest Updates in World Financial News The Bank of Canada is nearing the possibility of cutting interest rates from their current 23-year highs, according to Governor Tiff mclm. US stocks closed mixed after the Federal Reserve kept its key interest rate unchanged, signaling a potential rate cut in the future. Federal Reserve Chairman Jerome Powell assured that political considerations around the upcoming presidential election would not influence the central bank's current interest rate decisions. Today's Most Important Economic Events Here are today's key economic releases: • Japan's Consumer Confidence Index - 0500 GMT • Australia's Trade Balance - 0130 GMT • US Unit Labor Costs - 1230 GMT • Spain's Unemployment Change - 0700 GMT • US Initial Jobless Claims - 1230 GMT • Austria's Unemployment Rate - 0700 GMT

Learn more

Publication date:

2024-05-02 10:06:29 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.