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Daily Global Market Update 18/03/2024

Oil-Dollar Pair's Sideways Movement The oil-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal. Aussie-Dollar Pair's Sideways Trade The Aussie dollar pair traded sideways in the last session. The MACD is giving a positive signal, going against our overall technical analysis. Euro-Dollar Pair's Sideways Movement The euro-dollar pair traded sideways in the last session. The Stochastic indicator is giving a negative signal. Dollar-Yen's Unchanged Position The dollar-Yen price remained largely unchanged in the last session. The Ultimate Oscillator is giving a positive signal, which matches our overall technical analysis. Global Financial Headlines The Bank of Japan is expected to end its negative interest rate policy on Tuesday, with substantial wage hikes by big firms in this year's wage negotiations, the Nikai newspaper reported. Volkswagen group deliveries fell by 1.1% in February, hit by a sharp decrease in China. The German car maker said deliveries climbed by 5.6% in Western Europe and by 1.6% in North America last month but fell by 16.7% in China. US Stocks fell to end last week, led by technology-related megacaps that have propelled this year's rally, while investors weigh the interest rate outlook ahead of next week's Federal Reserve meeting. Today's Major Economic Events Here's a brief rundown of today's anticipated economic releases: • US 3-month Bill Auction - 1530 GMT • UK's Rightmove House Price Index - 0001 GMT • Austria's HICP - 0800 GMT • Eurozone's Harmonized Index of Consumer Prices - 1000 GMT • US NAHB Housing Market Index - 1400 GMT • US 6-month Bill Auction - 1530 GMT

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Publication date:

2024-03-18 09:58:24 (GMT)

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