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Daily Global Market Update 18/04/2024

Euro Dollar Pair's Gain The Euro Dollar pair gained 0.4% in the last session. The MACD is giving a negative signal. Dollar Yen Pair Correction The Dollar Yen pair corrected downwards by 0.2% in the last session. The CCI indicates that we are in an overbought market. Gold Dollar Pair's Drop The Gold Dollar pair dropped by 0.8% in the last session. The ROC is giving a negative signal. Nike's Minor Rise Nike shares saw a minor rise of 0.2% in the last session. The Ultimate Oscillator is giving a positive signal. Global Financial Headlines The dollar edged down but was still within striking distance of its 5 and 1/2 month high, keeping the Yen routed near 34-year lows. US stocks fell in choppy trading as investors assessed the Federal Reserve interest rate stuns and a batch of soft earnings early in the financial reporting season. European shares were flat, hovering near more than a month's low, with quarterly earnings reports from legacy names like ASML, LVMH, and Adidas in the spotlight, and investors kept an eye on developments in the Middle East. Upcoming Economic Highlights Here's a brief rundown of today's major economic events: • US Continuing Jobless Claims - 12:30 GMT • US Initial Jobless Claims - 12:30 GMT • Australia's Employment Change - 13:00 GMT • Eurozone's Eurogroup Meeting - 07:00 GMT • Japan's Tertiary Industry Index - 04:30 GMT • Australia's Unemployment Rate - 13:00 GMT

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Publication date:

2024-04-18 10:24:30 (GMT)

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