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Daily Global Market Update May 24th, 2024

Pound-Dollar Recent Movements The pound dipped a slight 0.1% against the dollar in the last session. The ROC is giving a negative signal. Bitcoin's Significant Drop The Bitcoin-dollar pair dove 1.8% in the last session. The RSI is giving a positive signal. Oil Market's Decline The oil dipped a slight 0.2% against the dollar in the last session. The MACD is giving a positive signal. AUD/USD Pair's Correction The AUD/USD pair corrected downwards in the last session, falling 0.1%. The CCI is giving a negative signal. Global Financial Headlines Coinbase's Chief Legal Officer, Paul Gruel, announced that customers in New York could once again trade XRP on the crypto exchange after a 9-month hiatus. The UK's main stock indexes closed lower for a third consecutive session amid political uncertainty ahead of the UK elections in July, while news of slower growth across businesses in May weighed on sentiment. Oil prices fell about 1% to their lowest level since February, sliding for a fourth consecutive session as the prospect of higher longer US interest rates raised worries about demand growth in the world's biggest oil market. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • UK's Retail Sales - 0600 GMT • UK's CFTC GBP NC Net Positions - 1930 GMT • Japan CFTC JPY MC Net Positions - 1930 GMT • US Durable Goods Orders - 1230 GMT • US Non-Defense Capital Goods Orders - 1230 GMT • Germany's Gross Domestic Product - 0600 GMT

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Publication date:

2024-05-24 06:50:31 (GMT)

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