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Daily Global Market Update June 13th, 2024

Euro/Dollar Pair's Uplift The Euro/Dollar pair rose 0.6% in the last session, with gains reaching as much as 1% during the trading hours. The Stochastic RSI indicates a positive outlook. Dollar/Yen's Slight Decline The Dollar dipped by 0.2% against the Yen in the last session. The MACD signals negative trends ahead. Gold's Modest Rise The Gold/Dollar pair experienced a rise of 0.4% in the last session. Despite this increase, the MACD continues to signal a bearish outlook. Amazon's Stock Decline Amazon's stock dropped by 0.6% in the last session, with the Stochastic RSI indicating an overbought market. Global Financial Highlights The S&P 500 and NASDAQ reached record closing highs for the third consecutive day following softer-than-expected consumer prices data. However, these indices closed lower from the day's peaks after the Federal Reserve's projection of only one interest rate cut this year. Upcoming Economic Highlights Today's key economic events include: • US Initial Jobless Claims - 1230 GMT • US Producer Price Index - 1230 GMT • Eurozone Industrial Production - 0900 GMT • Eurogroup Meeting - 0700 GMT • Australia Employment Change - 0130 GMT • Australia Unemployment Rate - 0130 GMT

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Publication date:

2024-06-13 11:13:13 (GMT)

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