Daily Global Market Update 18/04/2024

Euro Dollar Pair's Gain

The Euro Dollar pair gained 0.4% in the last session. The MACD is giving a negative signal.

Dollar Yen Pair Correction

The Dollar Yen pair corrected downwards by 0.2% in the last session. The CCI indicates that we are in an overbought market.

Gold Dollar Pair's Drop

The Gold Dollar pair dropped by 0.8% in the last session. The ROC is giving a negative signal.

Nike's Minor Rise

Nike shares saw a minor rise of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal.

Global Financial Headlines

The dollar edged down but was still within striking distance of its 5 and 1/2 month high, keeping the Yen routed near 34-year lows. US stocks fell in choppy trading as investors assessed the Federal Reserve interest rate stuns and a batch of soft earnings early in the financial reporting season. European shares were flat, hovering near more than a month's low, with quarterly earnings reports from legacy names like ASML, LVMH, and Adidas in the spotlight, and investors kept an eye on developments in the Middle East.

Upcoming Economic Highlights

Here's a brief rundown of today's major economic events:

• US Continuing Jobless Claims - 12:30 GMT

• US Initial Jobless Claims - 12:30 GMT

• Australia's Employment Change - 13:00 GMT

• Eurozone's Eurogroup Meeting - 07:00 GMT

• Japan's Tertiary Industry Index - 04:30 GMT

• Australia's Unemployment Rate - 13:00 GMT