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Daily Global Market Update October 29th, 2024

Gold's Minor Rise The Gold-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic indicator is giving a negative signal. Euro's Upward Correction The Euro-Dollar pair made a minor upward correction in the last session, rising 0.1%. The RSI is giving a positive signal. Pound's Sideways Movement The Pound-Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a negative signal. Bitcoin's Significant Movement The Bitcoin-Dollar pair exploded 1.3% in the last session. The ROC is giving a negative signal. Global Financial Headlines Wall Street rose ahead of a packed week of earnings from mega-cap companies and the final stretch before the November 5th election. Sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Digital asset inflows experienced a notable surge in the week ending October 25th, reaching $91 million, largely fuelled by a spike in Bitcoin transactions, propelling year-to-date totals to $27 billion. Cybersecurity firm CrowdStrike sued Delta Airlines after a faulty software update prompted a global outage in July, leading to worldwide flight cancellations and impacting industries including banks, healthcare, media companies, and hotel chains. Upcoming Economic Highlights Key economic events to look out for include: • US Consumer Confidence - 14:00 GMT • US JOLTS Job Openings - 14:00 GMT • US Redbook Index - 12:55 GMT • Irish Retail Sales - 11:00 GMT • Austrian Purchasing Manager Index - 09:00 GMT • Belgian Gross Domestic Product - 10:00 GMT

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Publication date:

2024-10-29 08:51:53 (GMT)

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