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Daily Global Market Update November 1st, 2024

Pound's Decline in the Market The GBP/USD pair dropped by 0.5% in the last session. The RSI is giving a negative signal. Bitcoin's Downward Trend The Bitcoin/USD pair fell by 2.6% in the last session. The Stochastic RSI is giving a negative signal. Oil's Significant Rise The Oil/USD pair surged by 2.3% in the last session. The Stochastic indicator is giving a positive signal. Aussie Dollar's Sideways Movement The AUD/USD pair traded sideways in the last session. The CCI indicates an oversold market. Global Financial Headlines Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission. This move will allow the exchange's subsidiary in the country to offer stocks and equity options to eligible traders. Oil prices extended gains after settlement, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. Gold retreated as prices consolidated after hitting a record high, while safe-haven demand ahead of the US presidential election helped the precious metal log its fourth straight monthly gain. Upcoming Economic Highlights Key economic events to look out for include: • US Non-Farm Payrolls - 12:30 GMT • Dutch Retail Sales - 5:30 GMT • US Average Hourly Earnings - 12:30 GMT • Dutch Market Manufacturing PMI - 6:00 GMT • Japan's CFTC JPY NC Net Positions - 19:30 GMT • UK's CFTC GBP NC Net Positions - 9:30 GMT

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Publication date:

2024-11-01 09:15:17 (GMT)

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