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Daily Global Market Update May 23rd, 2024

Euro's Minor Decline Against the Dollar The EUR/USD pair experienced a slight decrease of 0.2% against the dollar in the last session. The RSI is indicating a negative signal. Dollar's Uptick Against the Yen The dollar rose by 0.3% against the yen in the last session. The MACD is currently indicating a positive outlook. Gold's Substantial Dip The gold-dollar pair saw a significant decline of 1.7% in the last session. The Stochastic RSI suggests a negative trend ahead. Meta's Stock Performance Meta's stock traded sideways in the last session. The Stochastic indicator is currently giving a negative signal. Global Financial Headlines Sterling edged higher while UK stock futures fell following Prime Minister Rishi Sunak's announcement of a parliamentary election on July 4th. Wall Street’s main indexes showed mixed results as investors awaited Nvidia’s quarterly results and the Federal Reserve's policy meeting minutes. US crude oil inventories rose unexpectedly last week, with gasoline stockpiles falling as demand increased ahead of the summer driving season, as reported by the Energy Information Administration. Upcoming Economic Highlights Here’s a brief rundown of today’s anticipated economic releases: • Japan's National Consumer Price Index - 2330 GMT • UK's GfK Consumer Confidence - 2301 GMT • Australia’s Consumer Inflation Expectations - 0100 GMT • Eurozone’s Eurogroup Meetings - 0700 GMT • Japan’s Jibun Bank Manufacturing PMI - 0230 GMT • US Initial Jobless Claims - 1230 GMT

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Publication date:

2024-05-23 08:48:38 (GMT)

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