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Daily Global Market Update June 25th, 2024

Gold's Positive Trend Gold rose 0.6% against the dollar in the last trading session. The MACD is giving a positive signal. Euro's Impact on the Markets The Euro gained 0.4% against the dollar in the last trading session. The MACD is giving a negative signal. Pound's Subtle Increase The Pound rose 0.3% against the dollar in the last trading session. The RSI is giving a negative signal. Bitcoin's Market Downturn The Bitcoin/Dollar pair plummeted by 5.8% in the last session. The Stochastic RSI indicates an oversold market. Global Financial Headlines Dow Jones rallied to a one-month high, whereas the NASDAQ fell by over 1% as investors shift from AI-linked stocks towards lagging ones, anticipating Federal Reserve rate cuts. Meanwhile, Mt. Gox, a cryptocurrency exchange, announced it would start repaying users who lost Bitcoin in 2014, starting July 2024. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US Consumer Confidence - 1400 GMT • US Chicago Fed National Activity Index - 1230 GMT • Eurozone's Euro Group Meeting - 0700 GMT • Spain's Gross Domestic Product - 0700 GMT • Japan's Coincident Index - 0500 GMT • Japan's Leading Economic Index - 0500 GMT

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Publication date:

2024-06-25 07:36:59 (GMT)

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