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Daily Global Market Update 14/03/2024

Euro Gains Against Dollar The Euro saw an uptick of 0.2% against the dollar in the last session. The MACD's positive signal aligns with our overall technical analysis. Stable Yen Against Dollar The USD/JPY pair remained largely unchanged in the last session. The MACD indicates a negative outlook, suggesting caution. Gold's Upward Trend Gold appreciated by 0.8% against the dollar in the recent session. Despite the Stochastic RSI's negative signal, gold's performance contradicts our overall technical analysis. Google Stocks Continue to Climb Google's stock experienced a modest increase of 0.3% in the last session. The RSI's positive signal suggests a bullish outlook. Global Financial Headlines The dollar weakened following a rise due to hotter-than-expected US inflation data, as investors awaited further economic indicators that might influence Federal Reserve rate cuts. The UK's economy showed signs of growth in January after a brief recession, signaling potential relief for Prime Minister Rishi Sunak. Oil prices have increased due to expected strong global demand, particularly from the US, despite persistent inflation. Upcoming Economic Highlights Today's key economic releases include: • US Retail Sales - 1230 GMT • US Initial Jobless Claims - 1230 GMT • UK RICS Housing Price Balance - 0001 GMT • US Producer Price Index - 1230 GMT • Spain's Harmonized Index of Consumer Prices - 0800 GMT • Finland's Consumer Price Index - 0600 GMT

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Publication date:

2024-03-14 08:38:30 (GMT)

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