#MarketInsights #GlobalEconomy #InterestRates
🌐 Quick Market Update: Navigating Current Trends!
▪️ Euro Strengthens: Robust business activity in Europe paired with cooling economic indicators in the U.S. have pushed the euro past $1.07.
▪️ Tesla's Rally: Despite a dip in profits and revenue-per-vehicle, Tesla's promise of new models next year spurred a 13% jump in its shares after-hours, recovering from a tough 2024 with a 42% drop earlier.
▪️ Aussie Recovery: Surprising inflation figures in Australia have revived the Australian dollar, bringing it back to its 200-day moving average against the U.S. dollar.
▪️ Yen at Decade Lows: The yen remains weak at 34-year lows, stirring market anticipation of potential Japanese government interventions, especially after significant forex market actions post a dovish Bank of Japan meeting. The yen traded around 154.85 against the dollar.
▪️ Global Focus: Upcoming are German business sentiment data, European policy maker speeches, and key earnings from companies like Meta and Boeing. Also, watch out for the U.S. core PCE data on Friday which could provide crucial rate clues.
▪️ China's Bond Market: After a record rally, China's long-dated bond yields spiked following central bank warnings about market risks.
🔍 Key Events to Monitor:
Economics: German Ifo survey.
Earnings: Reports from Electrolux, Eni, Orange, Meta, Ford, Bunge, AT&T, Hilton, Boeing.
Policy Talks: Speeches by ECB's Tuominen
This expert material is provided by SabioTrade.
SabioTrade | Prop Trading Firm
🔹 Funded accounts $20k-200k
🔹 80-90% profit share
🔹 1-step assessment
🔹100% Refund
🔹 Own trading platform
🌐 Quick Market Update: Navigating Current Trends!
▪️ Euro Strengthens: Robust business activity in Europe paired with cooling economic indicators in the U.S. have pushed the euro past $1.07.
▪️ Tesla's Rally: Despite a dip in profits and revenue-per-vehicle, Tesla's promise of new models next year spurred a 13% jump in its shares after-hours, recovering from a tough 2024 with a 42% drop earlier.
▪️ Aussie Recovery: Surprising inflation figures in Australia have revived the Australian dollar, bringing it back to its 200-day moving average against the U.S. dollar.
▪️ Yen at Decade Lows: The yen remains weak at 34-year lows, stirring market anticipation of potential Japanese government interventions, especially after significant forex market actions post a dovish Bank of Japan meeting. The yen traded around 154.85 against the dollar.
▪️ Global Focus: Upcoming are German business sentiment data, European policy maker speeches, and key earnings from companies like Meta and Boeing. Also, watch out for the U.S. core PCE data on Friday which could provide crucial rate clues.
▪️ China's Bond Market: After a record rally, China's long-dated bond yields spiked following central bank warnings about market risks.
🔍 Key Events to Monitor:
Economics: German Ifo survey.
Earnings: Reports from Electrolux, Eni, Orange, Meta, Ford, Bunge, AT&T, Hilton, Boeing.
Policy Talks: Speeches by ECB's Tuominen
This expert material is provided by SabioTrade.
SabioTrade | Prop Trading Firm
🔹 Funded accounts $20k-200k
🔹 80-90% profit share
🔹 1-step assessment
🔹100% Refund
🔹 Own trading platform