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Daily Global Market Update October 14th, 2024

Oil's Minor Dip Against the Dollar The oil-dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal. Aussie Dollar's Sideways Movement The Aussie dollar pair traded sideways in the last session. The RSI is giving a negative signal. Euro's Sideways Movement The euro-dollar pair traded sideways in the last session. The RSI is giving a negative signal. Dollar-Yen Pair's Gain The dollar-yen pair gained 0.3% in the last session. The MACD is giving a positive signal. Global Financial Headlines Four of China's biggest state-owned banks announced cuts to existing mortgage rates starting on October 25th, as authorities ramp up efforts to stimulate the world's second-biggest economy. Boeing will cut 177,000 jobs, 10% of its global workforce, delay first deliveries of its 777X jet by a year, and record $5 billion in losses in the third quarter. The S&P 500 and the Dow scored record closing highs on Friday, with a big boost from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November. Upcoming Economic Highlights Key economic events to look out for include: • Finland's Consumer Price Index - 5 GMT • China's Exports - 3 GMT • China's Imports - 3 GMT • China's Trade Balance USD - 3 GMT • China's FDI - 9 GMT • Korea's Trade Balance - 2355 GMT

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Publication date:

2024-10-14 05:50:24 (GMT)

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