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Daily Global Market Update June 17th, 2024

Oil-Dollar Pair's Gain The Oil-Dollar pair saw an increase of 0.6% in the last session, with a peak rise of 1.6%. The Williams Percent Range indicator suggests an overbought market condition. Australian Dollar's Stable Movement The Australian Dollar traded sideways last session, with the Commodity Channel Index (CCI) indicating a positive trend. Euro-Dollar Pair's Stable Movement The Euro-Dollar also traded sideways, with the Rate of Change (ROC) showing a positive signal. Dollar-Yen's Neutral Trend The Dollar-Yen pair displayed a sideways movement with a negative signal from the Rate of Change (ROC). Global Financial Headlines Hyundai Motors's India unit seeks regulatory approval for a stock market listing in Mumbai, potentially the nation's biggest IPO, with the South Korean parent planning to sell up to a 17.5% stake. The NASDAQ eked out a fifth straight record closing high following gains in Adobe and other tech-related shares, while the S&P 500 and Dow ended slightly lower. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US 3-Month Bill Auction - 1530 GMT • US 6-Month Bill Auction - 1530 GMT • Eurozone's Euro Group Meeting - 0700 GMT • Germany's Boer Monthly Report - 1000 GMT • Italy's Consumer Price Index - 0800 GMT • Australia's Consumer Inflation Expectations - 0100 GMT

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Publication date:

2024-06-17 12:18:18 (GMT)

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