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Daily Global Market Update June 3rd, 2024

Oil-Dollar Pair's Decline The oil-dollar pair fell by 0.7% in the last session after gaining as much as 1.1% during the session. The RSI is giving a negative signal. AUD/USD's Steady Pricing The AUD/USD price remained largely unchanged in the last session. The ROC is giving a negative signal. EUR/USD Market Dynamics The EUR/USD price remained largely unchanged in the last session. The Stochastic RSI is giving a positive signal. Dollar-Yen's Sideways Trade The dollar-yen pair (USDJPY) traded sideways in the last session. The Stochastic RSI is giving a negative signal. Global Financial Headlines New home prices in China rose slightly for their ninth month in May, driven higher by a slew of supportive steps to prop up the nation's crisis-hit property sector. A Tesla shareholder filed a lawsuit accusing CEO Elon Musk of insider trading, and significant contrasts in US stock index performances are highlighted. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Jibun Bank Manufacturing PMI - 0300 GMT • US ISM Manufacturing Employment Index - 1400 GMT • Japan's Monetary Base - 2350 GMT • Dutch Market Manufacturing PMI - 0500 GMT • UK's BRC Like-for-Like Retail Sales - 2301 GMT • US ISM Manufacturing PMI - 1400 GMT

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Publication date:

2024-06-03 05:20:06 (GMT)

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