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Daily Global Market Update, September 25th, 2024

Bitcoin's Significant Surge The Bitcoin/USD pair skyrocketed by 1.4% in the last session. However, the Commodity Channel Index (CCI) is currently giving a negative signal. Alibaba's Upward Movement Alibaba shares rose by 1.1% in the last session. The Williams Percent Range indicator suggests that we are currently in an overbought market. Australian Dollar's Positive Trend The AUD/USD pair rose 0.8% in the last session. The Ultimate Oscillator is currently giving a positive signal. Gold's Explosive Growth The Gold/USD pair exploded by 1.1% in the last session. The Rate of Change (ROC) indicator is giving a positive signal. Global Financial Headlines OPEC has raised its forecast for world oil demand in the medium and long term, citing growth led by India, Africa, and the Middle East, as well as a slower shift to electric vehicles and cleaner fuels. China's yuan hit a 16-month high against the US dollar after the central bank revealed new stimulus measures. The Celsius Network's native tokens surged by over 300% a month after initiating a $2.5 billion repayment scheme for more than 250,000 creditors. Upcoming Economic Highlights Key economic events to look out for include: • US MBA Mortgage Applications - 11:00 GMT • US New Home Sales - 14:00 GMT • US EIA Crude Oil Stocks Change - 14:30 GMT • US 5-Year Note Auction - 17:00 GMT • French Consumer Confidence - 06:45 GMT • Japan's BOJ Monetary Policy Meeting Minutes - 23:50 GMT

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Publication date:

2024-09-25 08:06:10 (GMT)

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