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Daily Global Market Update July 1st, 2024

Oil's Recent Drop Oil dropped 0.4% against the dollar in the last session. The Ultimate Oscillator is giving a negative signal. AUD's Slight Bump The Aussie got a slight bump of 0.2% against the dollar in the last session. The CCI indicates that we are in an overbought market. EUR/USD Pair's Minor Rise The Euro/Dollar pair saw a minor rise of 0.1% in the last session. The MACD is giving a positive signal. USD/JPY's Sideways Trade The Dollar Yen pair traded sideways in the last session. According to the Williams indicator, we are in an overbought market. Global Financial Headlines China's manufacturing activity fell for a second month in June while services activity slipped to a 5-month low, spurring further stimulus talks. U.S. inflation remained unchanged in May, bringing the Federal Reserve closer to rate cuts. Global stocks dipped, and U.S. Treasury yields rose. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US ISM Manufacturing PMI - 1400 GMT • Germany's Consumer Price Index - 1200 GMT • Japan's Consumer Confidence Index - 0500 GMT

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Publication date:

2024-07-01 06:44:02 (GMT)

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