Jurnal Trading Soehoe - Zetradex : Market Insight

[2024-12-03 Overnight Review]

FOREX:
The U.S. Dollar Index exhibited mixed sentiment, oscillating between 104.70 and 104.90 before closing at 104.82, reflecting cautious market positioning ahead of key Federal Reserve remarks. The euro edged higher to 1.0530, supported by improving Eurozone inflation data, while the yen weakened to 150.35 due to dovish Bank of Japan policies.

GOLD:
Spot gold prices rose 0.5%, closing at $2,038.40 per ounce. Persistent concerns over global economic stability and expectations of a softer Federal Reserve stance on interest rates sustained the metal's appeal as a safe haven.

CRUDE OIL:
Crude oil prices slipped, with WTI crude futures settling at $76.60 per barrel. A rise in U.S. inventory levels and muted demand forecasts weighed on sentiment, despite ongoing geopolitical risks in the Middle East.

Today's Financial Data and Events: Tuesday, December 3, 2024

① 08:30 GMT - U.K. November Construction PMI
② 10:00 GMT - Eurozone Q3 GDP Final Estimate
③ 13:30 GMT - U.S. October Factory Orders
④ 15:00 GMT - U.S. ISM Non-Manufacturing PMI
⑤ 19:00 GMT - Fed Chair Powell’s Speech