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Daily Global Market Update june 18th, 2024

Gold's Decline Amid Market Volatility Gold experienced a decrease of 0.4% against the dollar in the last session. The RSI is indicating a negative trend in the market. Euro's Slight Uptick The Euro experienced a minor gain of 0.2% against the dollar in the last session. The CCI is currently showing a positive signal. Pound's Minor Correction The Pound Dollar pair experienced a slight increase of 0.1% in the last session. The Williams R indicator is giving a positive signal. Bitcoin's Recent Downturn Bitcoin saw a decline of 0.3% against the dollar in the last session. The Stochastic indicator is showing a negative trend. Global Financial Headlines Wall Street's main indexes experienced a rise amidst volatile trading, with significant gains by mega caps like Apple and Microsoft. Tether has announced a gold-backed stable coin, 'Alloy', minable on its new platform. GameStop's shares fell after plans for operating a smaller store network were discussed by CEO Ryan Cohen without specifying the use of its cash reserves. Upcoming Economic Highlights Here’s a brief rundown of today’s anticipated economic releases: • Germany's ZEW Survey Current Situation - 0900 GMT • Japan's Exports - 2350 GMT • US Retail Sales - 1230 GMT • Australia's RBA Interest Rate Decision - 0430 GMT • Australia's RBA Rate Statement - 0430 GMT • Eurozone's Eurogroup Meeting - 0700 GMT

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Publication date:

2024-06-18 13:07:12 (GMT)

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