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