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Daily Global Market Update June 11th, 2024

Euro's Minor Dip Against the Dollar The EUR/USD pair saw a slight decrease of 0.1% in the last session. The Williams %R indicator suggests that we are currently in an oversold market. Gold's Uptick in the Last Session The gold-dollar pair increased by 0.5% recently. The Stochastic indicator is currently signalling a positive trend. Pound's Sideways Movement The GBP/USD pair traded without significant change in the last session. The Stochastic indicator suggests a negative outlook. Bitcoin's Stable Trading Bitcoin traded sideways in the last session. The Stochastic indicator is giving a positive signal. Global Financial Headlines Investor caution looms with record highs for the S&P 500 and NASDAQ ahead of this week’s crucial consumer prices report, Federal Reserve policy announcement, and Apple’s developer conference. Oil prices saw a significant rise, climbing about 3% to a one-week high, buoyed by anticipated rising summer fuel demand despite a strong US dollar and expectations that US interest rates will remain elevated. Upcoming Economic Highlights Anticipated economic events include Japan's Producer Price Index at 2350 GMT, the UK's Claimant Count Change and Employment Change at 0600 GMT, and the US NFIB Business Optimism Index at 1000 GMT. • Japan's Producer Price Index - 2350 GMT • UK's Claimant Count Change - 0600 GMT • Japan's Machine Tool Orders - 0600 GMT • US NFIB Business Optimism Index - 1000 GMT • Dutch Consumer Price Index - 0430 GMT

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Publication date:

2024-06-11 05:20:53 (GMT)

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