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The oil-dollar pair surged by 1.1% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought.
The Australian dollar gained 0.1% against the US dollar in the last session. The Stochastic indicator is showing a positive signal.
The EUR/USD pair climbed 0.4% in the last session. The Williams Percent Range indicator is emitting a positive signal.
The USD/JPY pair dipped 0.1% in the last session, following a minor downward correction. The Williams Percent Range indicator suggests an overbought market, supporting a negative signal in technical analysis.
US stocks rebounded in the final session of a holiday-shortened week, buoyed by investor optimism about anticipated Federal Reserve rate cuts and more lenient regulatory policies under a new administration. In corporate news, Taiwan's Foxconn recorded its highest-ever quarterly revenue, fuelled by strong demand for AI servers and iPhones, with a 15.2% year-on-year revenue jump to $64.7 billion.
Key economic events to monitor include:
