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Daily Global Market Update 22/03/2024

Pound/Dollar Recent Slide The Pound/Dollar pair fell by 1.1% in the last session. The RSI's negative signal aligns with the overall technical analysis. Bitcoin's Downward Trend The Bitcoin/Dollar pair declined by 0.9% in the last session. The Ultimate Oscillator is giving a positive signal. Oil's Decline Oil dropped by 0.9% against the dollar in the last session. The Stochastic indicator is giving a positive signal. Aussie's Downward Movement The Aussie fell by 0.4% against the dollar in the last trading session. The Stochastic indicator is giving a negative signal, which matches our overall technical analysis. Global Financial Headlines CoinGecko reports that in 2023, token treasuries surged from $114 million in January to $845 million by the end of the year, marking a 641% growth. Turkey's Central Bank raised interest rates by 500 basis points to 50%, citing a worsening inflation outlook. Oil prices rebounded after a previous session's fall, supported by declines in US crude and gasoline inventories, amidst concerns that the US Federal Reserve may maintain higher rates longer, affecting future fuel demand. Upcoming Economic Highlights Today's major economic releases include: • US Baker Hughes US Oil Rig Count - 1700 GMT • Germany's Ifo Business Climate - 0900 GMT • Germany's Ifo Current Assessment - 0900 GMT • Japan's CFTC JPY NC Net Positions - 2030 GMT • UK's Retail Sales - 0700 GMT • UK's GfK Consumer Confidence - 0001 GMT

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Publication date:

2024-03-22 09:43:07 (GMT)

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