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Daily Global Market Update 03/05/2024

GBP/USD Pair's Sideways Movement The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin's Gain Amid Volatility Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. Oil Prices Remain Stable The oil-dollar price remained largely unchanged in the last session. Despite this, the Relative Strength Index (RSI) is giving a negative signal. AUD/USD Pair's Increment The Aussie dollar pair rose by 0.5% in the last session. The RSI is giving a positive signal, suggesting potential further upward movement. Recent Developments in Global Finance In the realm of global finance, United States lawmakers are reportedly pushing for options trading on Bitcoin exchange-traded products. Britain's FTSE 100 index surged as shares of Shell and Standard Chartered soared after robust results. Additionally, investors found solace in the Federal Reserve's dismissal of further interest rate hikes. Apple reported a smaller-than-expected decline in quarterly revenue, with CEO Tim Cook expressing optimism for sales growth in the current quarter, fueled by forthcoming AI features. Upcoming Major Economic Events Today's economic calendar is filled with significant releases: • US Average Hourly Earnings - 1230 GMT • US Non-Farm Payrolls - 1230 GMT • Eurozone's Unemployment Rate - 0900 GMT • French Industrial Output - 0645 GMT • Japan's CFTC JPY NC Net Positions - 1930 GMT • UK's CFTC GBP NC Net Positions - 1930 GMT

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Publication date:

2024-05-03 12:08:59 (GMT)

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