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Daily Global Market Update May 22nd, 2024

Bitcoin's Sharp Decline Bitcoin plummeted by 2.5% against the dollar in the last session. The Rate of Change (ROC) is indicating a negative signal, suggesting further potential declines. Apple's Stock Gain Apple's stock saw an increase of 0.6% in the last session. The Ultimate Oscillator is giving a positive signal, pointing towards continued bullish trends. Stability in the AUD/USD Pair The AUD/USD pair remained largely unchanged in the last session. The Williams %R indicator signals a negative outlook for the currency pair. Minor Retreat in Gold Prices The gold-dollar pair experienced a slight correction, falling by 0.2% in the last session. According to the Williams %R, the market is currently overbought, suggesting potential downward corrections. Global Financial Headlines Gold prices cooled near a record peak in the previous session as the dollar maintained its strength. Prospects of U.S. interest rate cuts this year support the current level, with gold trading near the $2,400 mark. Upcoming Economic Highlights Here's a brief rundown of today's most important economic releases: • UK's Consumer Price Index - 0600 GMT • US MBA Mortgage Applications - 1100 GMT • Japan's Foreign Investment in Japan Stocks - 2350 GMT • Germany's Bundesbank Monthly Report - 1000 GMT • Japan's Foreign Bond Investment - 2350 GMT • US Existing Home Sales - 1400 GMT

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Publication date:

2024-05-22 08:29:21 (GMT)

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