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Daily Global Market Update May 27th, 2024

Oil-Dollar Pair's Jump The oil dollar pair (CL1!) experienced a significant increase of 1.2% in the last session. The Rate of Change (ROC) indicator is giving a positive signal. Aussie Dollar Remains Stable The Aussie Dollar price remained largely unchanged in the last session. The Stochastic RSI indicates that we are currently in an oversold market. Euro-Dollar Pair Trades Sideways The Euro-Dollar pair (EUR/USD) traded sideways in the last session. The Stochastic indicator is signalling a negative outlook. Dollar-Yen Pair's Stability The Dollar-Yen pair (USD/JPY) traded sideways in the last session. The Relative Strength Index (RSI) is giving a positive signal. Global Financial Headlines Nvidia's advanced AI chip developed for the China market has faced a slow start, pricing below a competing product from Chinese tech giant Huawei. Shares of Dell Technologies soared to a record high, buoyed by optimism in generative AI technology. U.S. stocks, particularly the NASDAQ, saw a fifth consecutive week of gains following positive consumer inflation outlooks. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Eurozone's Eurogroup meeting - 0700 GMT • Germany's IFO Business Climate - 0800 GMT • Germany's IFO Current Assessment - 0800 GMT • Germany's IFO Expectations - 0800 GMT • Japan's Coincident Index - 0500 GMT • Japan's Leading Economic Index - 0500 GMT

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Publication date:

2024-05-27 06:59:51 (GMT)

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