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Daily Global Market Update 13/05/2024

Oil-Dollar Pair's Decline The oil-dollar pair experienced a significant decline of 1.8% in the last session. The Rate of Change (ROC) indicator is giving a negative signal, suggesting potential downward pressure on the pair. Australian Dollar Pair's Sideways Movement The Aussie dollar pair traded sideways in the last session. Contrary to the oil-dollar pair, the Moving Average Convergence Divergence (MACD) indicator is giving a positive signal for this pair. Euro-Dollar Pair's Sideways Movement Similarly, the euro-dollar pair traded sideways in the last session, with the MACD indicating a positive signal, suggesting stability in this pair. Dollar-Yen Pair's Sideways Movement In line with the previous pairs, the dollar-yen pair also traded sideways in the last session. However, the Stochastic RSI is giving a positive signal for this pair. Global Market Headlines Turning to global headlines, China's consumer prices rose for a third consecutive month in April, signaling improving domestic demand. Meanwhile, Seeker's shares soared nearly 35% above their IPO price, marking a strong debut for the electric vehicle maker in the US market. Upcoming Economic Events Here's a glimpse of today's economic calendar: • US 3-Month Bill Auction - 1530 GMT • US 6-Month Bill Auction - 1530 GMT • Finland's Current Account - 0500 GMT • Portuguese Consumer Price Index - 1000 GMT • Eurozone's Eurogroup Meeting - 0700 GMT • Japan's Producer Price Index - 2350 GMT

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Publication date:

2024-05-21 13:29:50 (GMT)

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