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Daily Global Market Update July 5th, 2024

Pound/Dollar Pair's Slight Increase The pound gained 0.1% against the dollar in the last session. The RSI is providing a positive signal. Bitcoin's Sharp Decline Bitcoin's value against the dollar plummeted by 3.1% in the last session. The Stochastic RSI indicates a negative outlook. Oil/Dollar Pair's Gain The oil-dollar pair saw a 0.5% increase in the last session. The Williams R indicator suggests the market is overbought. Aussie/Dollar Pair's Minor Correction The AUD/USD pair made a slight upward correction, gaining 0.1% in the last session. The CCI indicates an overbought market. Global Financial Headlines Tron's Justin Sun is considering purchasing over $2.3 billion of Germany's Bitcoin holdings, while the South African rand strengthens against the dollar. Brent crude prices remain high, sustaining levels above $87. Upcoming Economic Highlights Today's major economic releases include: • US Average Hourly Earnings - 1230 GMT • US Non-farm Payrolls - 1230 GMT • Germany's Industrial Production - 0600 GMT • Italy's Retail Sales - 0800 GMT • Japan's Coincident Index - 0500 GMT • Japan's Leading Economic Index - 0500 GMT

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Publication date:

2024-07-05 18:12:11 (GMT)

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