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Daily Global Market Update June 28th, 2024

Pound/Dollar Pair's Slight Uptick The GBP/USD pair experienced a minor upwards correction, rising by 0.1% in the last session. The RSI is giving a negative signal, indicating potential overbought conditions. Bitcoin's Robust Gain The Bitcoin/USD pair surged by 1.1% in the last session. According to the CCI, we are currently in an oversold market. Oil's Sharp Rise The Oil/Dollar pair increased by 1.4% in the last session. The Rate of Change (ROC) indicator is showing a positive signal, suggesting upward momentum. AUD/USD Pair's Stability The AUD/USD pair traded sideways in the last session. The stochastic indicator is giving a positive signal, pointing to potential bullish momentum. Global Financial Headlines Crypto losses from hacks and scams more than doubled in Q2 of 2024, reaching over $572 million. US jobless claims dropped slightly last week, although the overall number of beneficiaries rose, suggesting softening labour market conditions. Oil futures climbed due to concerns over potential supply disruptions amidst geopolitical tensions. Upcoming Economic Highlights Today's key economic releases include the UK's current account and gross domestic product, US personal income and spending, and Japan's construction orders and housing starts. • UK's Gross Domestic Product - 0600 GMT • US Personal Income - 1230 GMT • US Personal Spending - 1230 GMT • UK's Current Account - 0600 GMT • Japan's Construction Orders - 0500 GMT • Japan's Housing Starts - 0500 GMT

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Publication date:

2024-06-28 08:05:53 (GMT)

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