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Daily Global Market Update July 4th, 2024

EUR/USD's Positive Trend The Euro gained 0.3% against the dollar in the last session. The RSI is giving a positive signal. USD/JPY's Market Indecision The Dollar-Yen pair traded sideways in the last session. The ROC is giving a negative signal. Gold's Strong Uptrend Against USD The gold-dollar pair exploded 1.1% in the last session. According to the CCI, we are in an overbought market. Alibaba's Stock Rise Alibaba stock gained 1.8% in the last session. The CCI is giving a positive signal. Global Financial Headlines Yen hits a 38-year low against the US dollar; S&P 500 and NASDAQ reach record highs, fueled by data suggesting a potential slowdown in the economy, bolstering hopes for an upcoming Fed rate cut. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Monetary Base - 2350 GMT • Japan's JP Foreign Reserves - 2350 GMT • Australia's Trade Balance - 0130 GMT • Germany's Factory Orders - 0600 GMT • Japan's Overall Household Spending - 2330 GMT • Australia's Imports - 0130 GMT

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Publication date:

2024-07-05 18:12:33 (GMT)

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