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Daily Global Market Update May 28th, 2024

Euro Dollar's Recent Activity The EUR/USD pair experienced a slight uptick in the last session, gaining 0.1% against the dollar. The Stochastic RSI is indicating a positive signal for the market. Gold's Increment Against the Dollar Gold appreciated by 0.5% against the dollar in the last session. The Stochastic RSI suggests a negative market outlook despite the gain. Pound Dollar Pair's Movement The GBP/USD pair also saw an increase, moving up by 0.2% in the last session. The Williams Indicator points to an overbought market condition. Bitcoin's Significant Rise Bitcoin saw a significant rise, increasing by 1.6% against the dollar. The Stochastic indicator is currently giving a negative signal, suggesting potential volatility ahead. Global Financial Headlines Noteworthy developments include Canada's main stock index gaining due to higher commodity prices, Ethereum's meme coins surge following ETF filings, and Amazon's AWS negotiating a significant investment in Italy's data centers to expand its cloud services in Europe. Upcoming Economic Highlights Today’s key economic events include the Eurozone’s Eurogroup meeting, the US S&P/Case-Shiller Home Price Indices, and consumer confidence reports, among others, providing traders with critical data points for the day's trading. • Eurozone's Euro group meeting - 0700 GMT • US S&P/Case-Shiller Home Price Indices - 1300 GMT • US Consumer Confidence - 1400 GMT • Australia's Retail Sales - 0130 GMT • US Redbook Index - 1255 GMT • Germany's Wholesale Price Index - 0600 GMT

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Publication date:

2024-05-28 08:19:07 (GMT)

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