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Daily Global Market Update June 5th, 2024

Bitcoin's Significant Rise Bitcoin experienced an increase of 2.3% against the dollar in the last session. The Rate of Change (ROC) indicates a positive signal. Nike's Stock Uptick Nike's shares rose by 0.4% in the last session. The Stochastic indicator is giving a positive signal. AUD/USD Pair's Decline The AUD/USD pair fell by 0.5% in the last session. The Stochastic indicator is giving a positive signal. Gold's Dip Amid Market Uncertainty The gold-dollar pair experienced a 1% decline in the last session. The Stochastic indicator is giving a negative signal. Global Financial Headlines Oil prices fell more than $1 a barrel on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. The US dollar edged higher from its more than two-month lows against the euro, sterling, and Swiss franc as investors consolidated gains in other currencies ahead of a key non-farm payrolls report later this week. Meanwhile, the overall NFT space saw a 54% drop in sales in May, but digital collectibles on the Bitcoin blockchain reached a new milestone on June 4th, with total all-time sales volume exceeding $4 billion. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Foreign Bond Investment - 2350 GMT • France's Industrial Output - 0645 GMT • Japan's Jibun Bank Services PMI - 0300 GMT • Eurozone's Producer Price Index - 0900 GMT • US ISM Services PMI - 1400 GMT • US ADP Employment Change - 1215 GMT

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Publication date:

2024-06-05 10:26:58 (GMT)

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