

Daily Global Market Update October 3rd, 2024

Euro's Minor Dip Against the Dollar The EUR/USD pair experienced a slight decline of 0.1% in the last trading session. The Stochastic RSI indicates that the market is currently oversold. Dollar Yen's Significant Surge The USD/JPY pair saw a substantial increase of 1.8% in the last session. The Stochastic RSI suggests that the market is currently overbought. Gold's Sideways Movement The Gold/USD pair traded sideways in the last session. The Williams Percent Range indicator suggests that the market is currently overbought. Apple Stock's Slight Increase Apple stock experienced a minor rise of 0.3% in the last session. The Stochastic RSI is currently giving a negative signal. Global Financial Headlines The dollar reached a 3-week high against the Euro following the ADP National Employment Report, which showed US private payrolls increased more than expected in September. This comes ahead of Friday's highly anticipated jobs data. The S&P 500 and NASDAQ edged higher but remained near two-week lows as investors monitored potential escalations in geopolitical tensions in the Middle East. A recent survey has alleviated concerns about a rapid cooldown in the US labour market. Markets remain cautious as Israel and the US vowed to retaliate after Iran's attack on Israel. The attack has renewed interest in safe-haven assets, and oil prices have surged. However, with uncertainty surrounding the evolving situation in the Middle East, investors are proceeding cautiously, questioning whether Iran's strike marks an escalation or is more of a one-off response to Israel. Upcoming Economic Highlights Key economic events to look out for include: • US ISM Services PMI - 14:00 GMT • Australia's Exports - 01:30 GMT • Japan's 10-year Bond Auction - 03:35 GMT • Eurozone's Producer Price Index - 09:00 GMT • French 10-year Bond Auction - 09:00 GMT • Australia's Trade Balance - 01:30 GMT

Learn more

Publication date:

2024-10-03 15:02:46 (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.