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Daily Global Market Update 28/03/2024

Euro Dollar Pair's Correction The euro-dollar pair corrected downwards in the last session, falling by 0.1%. The ROC is giving a negative signal, which aligns with our overall technical analysis. Dollar Yen Pair's Minor Dip The dollar-yen pair saw a minor dip of 0.1% in the last session. The ROC is giving a positive signal, which aligns with our overall technical analysis. Gold's Rise Against the Dollar Gold rose by 0.6% against the dollar in the last session. The ROC's positive signal is in line with the overall technical analysis. Meta Stock's Drop Meta stock dropped by 1% in the last session. The ROC is giving a negative signal. Market News Highlights Sterling stumbled after a survey showed British businesses trimmed back plans for staffing and wage increases this month, with the Bank of England watching for signs of inflation pressures abating enough for it to cut interest rates. The Dow was the best-performing of the three major indexes, paced by gains in drug maker MC as investors look towards the next piece of inflation data and Federal Reserve policy maker commentary for insight on the rate path. Oil prices fell for a second day after a report that crude stockpiles in the United States, the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Upcoming Economic Events Here are today's most important economic events: • Australia's Consumer Inflation Expectations - 00:00 GMT • UK's Gross Domestic Product - 07:00 GMT • US Gross Domestic Product Price Index - 12:30 GMT • Germany's Retail Sales - 07:00 GMT • Japan's Unemployment Rate - 23:30 GMT • Germany's Unemployment Change - 08:55 GMT

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Publication date:

2024-03-28 07:25:42 (GMT)

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