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Daily Global Market Update July 22nd, 2024

Oil-Dollar Pair's Sharp Decline The oil-dollar pair (CL1!) plummeted by 2.6% in the last session. The Ultimate Oscillator is giving a negative signal. Aussie Dollar's Sideways Movement The Aussie dollar (AUDUSD) traded sideways in the last session. The CCI indicates that we are in an oversold market. Euro-Dollar's Steady Stance The Euro-Dollar pair (EURUSD) remained largely unchanged in the last session. The ROC is giving a positive signal. Dollar-Yen's Unchanged Value The Dollar-Yen price (USDJPY) remained largely unchanged in the last session. The CCI is giving a positive signal. Global Financial Headlines China's total fuel imports slipped 11% in the first half of 2024 amid weak refining margins and poor fuel demand. A global tech outage linked to a software update by cybersecurity firm CrowdStrike disrupted millions of Microsoft devices, affecting various services and causing stock indexes to falter. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • US Chicago Fed National Activity Index - 1230 GMT • US 3-Month Bill Auction - 1530 GMT • Germany's Retail Sales - 0600 GMT • Eurozone's Eurogroup Meeting - 0700 GMT

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Publication date:

2024-07-22 06:12:19 (GMT)

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