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Daily Global Market Update October 21st, 2024

Oil's Decline Against the Dollar The oil-dollar pair dove by 2% in the last session. The RSI is giving a negative signal. Aussie Dollar's Sideways Movement The Aussie dollar pair traded sideways in the last session. The Stochastic RSI is giving a positive signal. Euro's Sideways Movement The euro-dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal. Dollar's Decline Against the Yen The dollar dropped 0.4% against the yen in the last session. The Ultimate Oscillator is giving a positive signal. Global Financial Headlines Oil futures fell on Friday, declining more than 7% on the week after data showed China's economic growth slowed. The US budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era. Tech stocks powered Wall Street to a higher close, with solid Netflix results and Beijing's policy steps to boost Chinese demand. Upcoming Economic Highlights Key economic events to look out for include: • US 3-month Bill Auction - 1530 GMT • US 6-month Bill Auction - 1530 GMT • Germany's Producer Price Index - 0600 GMT • China's PBOC Interest Rate Decision - 0115 GMT • New Zealand's Exports - 2145 GMT • New Zealand's Imports - 2145 GMT

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Publication date:

2024-10-21 08:03:12 (GMT)

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