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Daily Global Market Update - December 19th, 2024

Euro's Market Stagnation The EUR/USD pair remained largely unchanged in the last trading session. The MACD is currently indicating a negative signal. Dollar-Yen's Upward Correction The USD/JPY pair saw a slight rise of 0.1% in the last session. The RSI is giving a positive signal. Gold's Decline Continues The GOLD/USD pair dropped by 0.3% in the last session. The Stochastic indicator is signalling a negative trend. Volkswagen's Minor Gain Volkswagen shares saw a modest rise of 0.1% in the last session. The MACD is giving a positive signal. Global Financial Headlines Oil prices rose as US crude inventories fell, but gains were limited after the Federal Reserve cut interest rates while signalling a slower pace of future reductions. The Fed's 25 basis-point cut set rates between 4.25% and 4.5%. Meanwhile, US stocks erased gains following the announcement, reflecting cautious market sentiment. Upcoming Economic Highlights Key economic events to monitor include: • Japan's Labour Cash Earnings – 2330 GMT • US Red Book Index – 1355 GMT • UK's BRC Retail Sales – 0001 GMT • Japan's Overall Household Spending – 2330 GMT • Eurozone's Unemployment Rate – 1000 GMT • Germany's Industrial Production – 0700 GMT

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Publication date:

2024-12-19 08:49:51 (GMT)

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