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Daily Global Market Update June 12th, 2024

Bitcoin's Significant Decline The Bitcoin to USD pair experienced a decrease of 3.1% in the last session. The Ultimate Oscillator is giving a negative signal. Alibaba's Stock Drop Alibaba stock fell by 1.3% in the last session. The Ultimate Oscillator is giving a negative signal. AUD/USD's Steady Performance The AUD/USD pair remained largely unchanged in the last session. The ROC is giving a positive signal. Gold's Slight Increase Gold experienced a slight increase of 0.2% against the dollar in the last session. The RSI is giving a negative signal. Global Financial Headlines Oil prices edged higher as the USA raised its world oil demand growth forecast for the year, while OPEC maintained its forecast for strong growth in 2024. The dollar hit a four-week high ahead of an important inflation report, potentially influencing the timing of the US Federal Reserve's first rate cut. The euro was under pressure due to political uncertainty in the region. Ripple Labs completed its acquisition of Standard Custody, a digital asset custodian, on June 11, which is central to Ripple's US dollar stable coin plans and broad asset tokenization goals. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Germany's Harmonized Index of Consumer Prices - 0600 GMT • UK's Industrial Production - 0600 GMT • Japan's BSI Large Manufacturing Conditions Index - 2350 GMT • Japan's Foreign Bond Investment - 2350 GMT • US Federal Reserve Interest Rate Decision - 1800 GMT • UK's Gross Domestic Product - 0600 GMT

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Publication date:

2024-06-12 05:00:48 (GMT)

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