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Daily Global Market Update July 26th, 2024

Pound/Dollar Decline The GBP/USD pair saw a decrease of 0.3% against the dollar in the last session. The MACD is indicating a negative signal. Bitcoin's Slight Dip Bitcoin experienced a minor decline of 0.1% against the dollar in the last session. The Williams indicator is giving a negative signal. Oil/Dollar's Sharp Increase The Oil/Dollar pair rose sharply by 1.1% in the last session. The CCI indicates an oversold market. Aussie/Dollar's Fall The AUD/USD pair fell by 0.5% in the last session. The Stochastic RSI indicates an oversold market. Global Financial Headlines Donations to Donald Trump's campaign for reelection as US President have reached approximately $3 million in cryptocurrency, with notable contributions from Gemini co-founders Cameron and Tyler Winklevoss. In China, the Central Bank conducted an unscheduled lending operation at reduced rates, indicating an attempt to stimulate the economy. Brent crude futures rose to $82 a barrel, influenced by strong US economic data and expectations of increased demand, although concerns over China's oil imports limited gains. Upcoming Economic Highlights Today's major economic events include: • Spain's Retail Sales - 0700 GMT • UK's CFTC GBP Net Positions - 1930 GMT • Japan's Coincident Index - 0500 GMT • Japan's Leading Economic Index - 0500 GMT • US Personal Spending - 1230 GMT • French Consumer Confidence - 0645 GMT

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Publication date:

2024-07-26 07:03:52 (GMT)

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