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Daily Global Market Update June 21st, 2024

Pound's Recent Decline The GBP/USD pair experienced a decrease of 0.4% against the dollar in the last session. The Williams' indicator is signalling an oversold market. Bitcoin's Uptick The Bitcoin/USD pair rose by 0.2% in the last session, reaching a high of 2.3%. The ROC (Rate of Change) indicator shows a positive signal. Oil's Price Rise The oil experienced a rise of 0.7% in the last session. The MACD indicates a positive trend. AUD/USD's Minor Drop The AUD/USD pair dropped by 0.2% in the last session. The ROC is indicating a negative signal. Global Financial Headlines Japanese cryptocurrency exchange bitFlyer acquires the Japanese arm of collapsed platform FTX, announcing plans to rebrand it as bitFly Holdings. In the US, first-time applications for unemployment benefits slightly fell last week, and new housing construction hit its lowest level in nearly four years last May, suggesting moderate economic activity in the second quarter. Oil prices increased following a reported draw on crude oil by the US Energy Information Administration and a cooling jobs market, raising hopes for a potential Federal Reserve rate cut. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Jibun Bank Services PMI - 0300 GMT • Eurozone's ECOFIN Meeting - 0700 GMT • France's Business Climate in Manufacturing - 0645 GMT • UK's Retail Sales - 0600 GMT • Japan's Jibun Bank Manufacturing PMI - 0300 GMT • UK's Public Sector Net Borrowing - 0600 GMT

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Publication date:

2024-06-21 08:35:14 (GMT)

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