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Daily Global Market Update 11/04/2024

Euro Dollar Pair's Movement The EUR/USD pair declined by 1% in the last session. The Ultimate Oscillator is indicating a negative signal, aligning with our overall technical analysis. Dollar Yen Pair's Movement The USD/JPY pair rose by 0.9% in the last session. The Stochastic indicator is giving a positive signal. Gold Dollar Pair's Movement The gold-dollar pair dropped by 0.8% in the last session. The Williams indicator indicates an overbought market. Apple Shares' Movement Apple shares dropped by 0.6% in the last session. According to the Stochastic RSI, we are in an oversold market. Market News Highlights The dollar rose across the board, particularly against the Japanese yen, reaching its highest level since mid-1990 after US inflation rose more than expected in March. This pushed out the expected timing of a first rate cut to September from June. US stocks tumbled to a lower close after hotter than expected inflation data dampened hopes of an early Federal Reserve interest rate cut. Gold prices held steady near a record high as a mix of emerging inflationary risks and geopolitical tensions supported the safe-haven metal. Upcoming Economic Events Here are today's key economic releases: • US Initial Jobless Claims - 12:30 p.m. GMT • Italy's Industrial Output - 8:00 a.m. GMT • US Continuing Jobless Claims - 12:30 p.m. GMT • Australia's Consumer Inflation Expectations - 1:00 a.m. GMT • US Producer Price Index - 12:30 p.m. GMT • Eurozone's Eurogroup Meeting - 7:00 a.m. GMT

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Publication date:

2024-04-11 08:58:05 (GMT)

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