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Daily Global Market Update - November 25th, 2024

Oil's Skyrocketing Movement The oil-dollar pair surged by 1.4% in the last session. The Ultimate Oscillator is indicating a positive signal, suggesting a bullish trend. Aussie Dollar's Minor Dip The AUD/USD pair dipped slightly by 0.1% during the last session. The Ultimate Oscillator is once again giving a positive signal. Euro's Decline The Euro lost 0.5% against the dollar in the last session. The MACD is currently signalling a negative trend, suggesting further bearish momentum. Dollar-Yen's Upwards Correction The USD/JPY pair rose slightly by 0.1% in the last session. The Stochastic RSI indicates the market is oversold, suggesting potential bullish opportunities ahead. Global Financial Highlights Global equities marked a strong weekly gain as US Treasury yields retreated. The S&P 500 advanced 1.7%, approaching record highs. Amazon has doubled its investment in Anthropic, pouring another $4 billion into the AI-focused firm. Meanwhile, Bitcoin remains near the $100,000 threshold, as traders prepare for potential market-shifting policies from Donald Trump’s incoming administration. Upcoming Economic Events Key economic events to monitor include: • Japan's Labour Cash Earnings - 2330 GMT • US Red Book Index - 1355 GMT • Eurozone's Retail Sales - 1000 GMT • Germany's Industrial Production - 0700 GMT

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Publication date:

2024-11-25 06:20:30 (GMT)

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