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Daily Global Market Update June 27th, 2024

Euro's Minor Dip Against the Dollar The Euro/Dollar pair saw a minor decrease of 0.2% in the last session. The MACD is giving a negative signal, suggesting a potential further decline. Dollar Strengthens Against Yen The Dollar rose by 0.6% against the Yen in the last session. The Ultimate Oscillator indicates that we are currently in an overbought market. Gold's Drop Amid Market Volatility The Gold/Dollar pair dropped by 0.9% in the last session. According to the Williams %R indicator, we are currently in an oversold market. Meta's Stock Surge Meta's stock gained 1.4% in the last session. The Commodity Channel Index (CCI) indicates that the market is currently overbought. Global Financial Headlines Amazon.com reached a market valuation of $2 trillion, reflecting heightened optimism around AI and potential interest rate cuts. Meanwhile, major US stock indexes experienced modest gains in a volatile session, with key events like the presidential debate and upcoming inflation reports closely watched by the Federal Reserve. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US Gross Domestic Product - 1230 GMT • US Durable Goods Orders - 1230 GMT • Australia's Consumer Inflation Expectations - 0100 GMT • Eurozone Eurogroup Meetings - 0700 GMT • Japan's Tokyo Consumer Price Index - 2330 GMT • Japan's Unemployment Rate - 2330 GMT

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Publication date:

2024-06-27 09:44:38 (GMT)

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