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Daily Global Market Update July 25th, 2024

Euro/Dollar Pair's Stability The EUR/USD pair remained largely unchanged in the last session. The Stochastic indicator is giving a negative signal. Dollar/Yen's Sharp Decline The USD/JPY pair plummeted 1.2% in the last session. The MACD is giving a negative signal. Gold's Minor Retreat Gold experienced a decline of 0.4% against the dollar in the last trading session. The RSI is giving a negative signal. Volkswagen's Market Struggles Volkswagen shares dropped by 1.1% in the last session. The Ultimate Oscillator is giving a negative signal. Global Financial Headlines The dollar fell to its lowest in more than two months against the yen as short yen carry trades were unwound. The NASDAQ plummeted to a one-month low following disappointing earnings from Tesla and Alphabet. Gold prices rose slightly by 0.1% as the dollar slipped. Upcoming Economic Highlights Here's a brief rundown of today's anticipated economic releases: • Japan's Tokyo Consumer Price Index - 2330 GMT • US Gross Domestic Product - 1230 GMT • Eurozone's Eurogroup Meetings - 0700 GMT • US Durable Goods Orders - 1230 GMT • Germany's Ifo Current Assessment - 0800 GMT

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Publication date:

2024-07-25 06:55:49 (GMT)

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