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Daily Global Market Update - January 13th, 2025

Oil's Significant Surge The Oil-Dollar pair surged by 2.9% in the last trading session, marking a strong performance. The MACD is signalling a positive trend, indicating potential for continued upward momentum. Australian Dollar Weakens The Australian Dollar fell 0.9% against the US Dollar in the last session. The Stochastic Indicator is signalling a negative trend, suggesting caution for traders. Euro's Decline Against the Dollar The Euro dropped 0.5% against the US Dollar in the previous session. The MACD is providing a negative signal, reinforcing a bearish outlook for the pair. Yen's Slight Downward Movement The Dollar-Yen pair experienced a slight downward movement, dropping 0.2% in the last session. The Rate of Change (ROC) indicator is signalling a negative trend, indicating reduced momentum. Global Financial Headlines Global stocks have dipped as US Treasury yields rise on stronger-than-expected jobs data, which has reinforced expectations of prolonged high interest rates from the Federal Reserve. Meanwhile, the IMF projects steady global growth and a continuation of disinflation in its updated World Economic Outlook. Upcoming US inflation data could impact market sentiment and test investors' resolve. Upcoming Economic Highlights Notable economic events include: • US Monthly Budget Statement - 19:00 GMT • Japan's CFTC JPY NC Net Positions - 21:30 GMT • US 3-Month Bill Auction - 16:30 GMT • UK's CFTC GBP NC Net Positions - 21:30 GMT • Japan's Trade Balance - 23:50 GMT • Japan's Current Account - 23:50 GMT

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Publication date:

2025-01-13 06:00:48 (GMT)

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