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Daily Global Market Update June 26th, 2024

Bitcoin's Sharp Increase Bitcoin against the US dollar saw a substantial increase of 2.5% in the last session. The Williams Percentage Range indicator suggests that the market could be entering an overbought phase. Alibaba's Stock Decline Alibaba shares declined by 0.9% in the last session. The Stochastic indicator is signalling that the market is currently oversold. AUD/USD Minor Correction The AUD/USD pair experienced a slight decline of 0.1% in the last session. The Stochastic indicator, however, is showing a positive signal, hinting at potential upward movement. Gold's Decline Amid Market Volatility The Gold-Dollar pair decreased by 0.4% in the last session. The MACD indicator is showing a positive signal, suggesting possible upward momentum despite the recent drop. Global Financial Headlines In today's financial headlines, crude oil prices fell by 1% amid weakening consumer confidence in the U.S., which could potentially impact demand. The U.S. dollar remains strong, influenced by recent Federal Reserve statements suggesting a slow start to rate cuts. Upcoming Economic Highlights Here are today's significant economic events: • US MBA Mortgage Applications - 1100 GMT • US New Home Sales - 1400 GMT • Finland's Unemployment Rate - 0500 GMT • French Consumer Confidence - 0645 GMT • Japan's Large Retailer Sales - 2350 GMT • Japan's Retail Trade - 2350 GMT

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Publication date:

2024-06-26 05:45:33 (GMT)

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