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