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Daily Global Market Update January 27th, 2025

Oil Dollar Pair's Gains The oil dollar pair rose by 0.4% in the last session. The Commodity Channel Index (CCI) suggests that the market is currently oversold. Aussie's Positive Signal The Australian dollar gained 0.3% against the US dollar in the last session. The MACD indicator is giving a positive signal. Euro Overbought The Euro gained 0.7% against the US dollar in the last trading session. The Williams Percent Range indicator indicates an overbought market. Dollar-Yen Stability The dollar-yen pair remained largely unchanged in the last session. The Ultimate Oscillator is providing a positive signal. Global Financial Updates Gold prices surged by over 1% on Friday, nearing their all-time high from October, driven by a weakening US dollar, tariff uncertainties, and rate cut expectations. Wall Street banks are preparing to sell up to $3 billion in debt holdings for INX, Elon Musk's social media platform. Investors are also anticipating the Federal Reserve’s first meeting of 2025, where further rate cuts may shape market trends. Upcoming Economic Highlights Keep an eye on these key economic events: • US 6-Month Bill Auction - 1630 GMT • US Chicago Fed National Activity Index - 1330 GMT • Finland’s Consumer Confidence - 6 GMT • Finland’s Industrial Confidence - 6 GMT • Japan’s Leading Economic Index - 5 GMT • Japan’s Coincident Index - 5 GMT

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Publication date:

2025-01-27 06:17:10 (GMT)

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