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Daily Global Market Update July 11th, 2024

Euro/Dollar Pair's Minor Rise The EUR/USD pair observed a minor increase of 0.1% in the last session. The MACD is currently giving a positive signal, indicating potential upward momentum. Dollar's Slight Bump Against the Yen The USD/JPY pair rose by 0.1% during the last session. The Stochastic indicator suggests a negative future outlook despite the recent gain. Gold/Dollar's Minor Correction The gold-dollar pair increased by 0.2% in the last session. The Stochastic RSI is sending a negative signal, indicating a potential reversal or pullback. Apple's Stock Rise Apple shares saw a notable rise of 1.5% in the last session. The Stochastic indicator is currently showing that the market is in an overbought condition. Global Financial Headlines The pound remains near one-month highs, bolstered by expectations of an earlier-than-anticipated US interest rate increase. NASDAQ and S&P 500 reached record highs, driven by gains in Nvidia and other major companies. European shares also advanced, reflecting optimism from corporate updates and US Federal Reserve Chair Jerome Powell's testimony. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Gross Domestic Product - 2350 GMT • US EIA Crude Oil Stocks Change - 1530 GMT • US MBA Mortgage Applications - 1200 GMT • Eurozone's Industrial Production - 1000 GMT • UK's Core Consumer Price Index - 0700 GMT • UK's Consumer Price Index - 0700 GMT

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Publication date:

2024-07-11 04:53:06 (GMT)

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