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Daily Global Market Update 21/03/2024

Euro's Gain Against Dollar The Euro experienced an increase of 0.5% against the dollar in the last session. The Stochastic RSI indicates that we are currently in a market with a positive outlook. Steady Dollar Yen Price The Dollar Yen price remained largely unchanged in the last session. The Stochastic RSI suggests an overbought market. Gold-Dollar Pair's Surge The gold-dollar pair saw a significant increase of 1.5% in the last session. The Stochastic indicator is providing a negative signal, suggesting caution. Microsoft Shares Uptick Microsoft shares rose by 0.6% in the last session. The RSI's positive signal aligns with our overall technical analysis. Global Financial Headlines The dollar weakened and the Yen rebounded from near their multi-decade lows after the Federal Reserve held interest rates steady, as expected. Wall Street's main stock indexes rallied, with policymakers projecting three US rate cuts this year even as inflation remains elevated. Britain's inflation cooled to 3.4% in February, offering some respite to Prime Minister Rishi Sunak ahead of an expected election later this year. Today's Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Jibun Bank Manufacturing PMI - 00:30 GMT • Germany's Bundesbank Monthly Report - 11:00 GMT • US Initial Jobless Claims - 12:30 GMT • US Current Account - 12:30 GMT • Australia's Unemployment Rate - 00:30 GMT • UK's Public Sector Net Borrowing - 07:00 GMT

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Publication date:

2024-03-21 12:06:25 (GMT)

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