Daily Global Market Update June 4th, 2024

Euro-Dollar Pair's Movement The EUR/USD pair experienced a rise of 0.4% against the dollar in the last session. The Stochastic RSI indicates that we are currently in an overbought market. Gold-Dollar Pair's Surge The gold-dollar pair saw a significant increase of 1% in the last session. The Stochastic RSI is giving a positive signal. Pound/Dollar Pair's Gain The Pound gained 0.4% against the dollar in the last session. The Stochastic RSI indicates an overbought market. Bitcoin's Robust Growth The Bitcoin-dollar pair surged by 2% in the last session. The MACD is giving a negative signal, despite the rise. Global Financial Headlines US stocks were mostly lower in a choppy session following soft manufacturing sector data. Australia's first spot Bitcoin exchange-traded fund is set to launch, and GameStop shares surged around 30% following the return of a major influencer to Reddit. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Labor Cash Earnings - 2330 GMT • US Factory Orders - 1400 GMT • Australia's Current Account Balance - 0130 GMT • Spain's Unemployment Change - 0700 GMT • Japan's 10-Year Bond Auction - 0335 GMT • Germany's Unemployment Rate - 0755 GMT
Publication date:
2024-06-04 06:13:32 (GMT)
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