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Daily Global Market Update November 5th, 2024

Gold's Sideways Movement The Gold/Dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is giving a negative signal. Euro's Positive Signal The Euro/Dollar pair traded sideways in the last session. The Ultimate Oscillator is giving a positive signal. Pound's Unchanged Session The Pound/Dollar price remained largely unchanged in the last session. The Ultimate Oscillator is giving a negative signal. Bitcoin's Decline The Bitcoin/Dollar pair fell by 1.2% in the last session. The Stochastic indicator is giving a negative signal. Global Financial Headlines US stock indexes slipped in choppy trading as investors braced for a pivotal week for global markets, with Americans set to elect a new president and the Federal Reserve likely to cut its benchmark policy rate. Cryptocurrency investment products posted another massive week as the United States presidential election draws closer, with digital investment products seeing $2.2 billion in inflows from October 26th to November 2nd, bringing year-to-date inflows to a record-breaking $29.2 billion. Ford Motor reported a 15% rise in US auto sales during October from a year earlier, aided by demand for its F-series trucks and hybrid models. Sales of its trucks, including the popular F-150 model, climbed 29.2% to 10,847 units. Upcoming Economic Highlights Key economic events to look out for include: • Australia's RBA Interest Rate Decision - 3:30 GMT • Japan's 10Y Bond Auction - 3:35 GMT • US ISM Services PMI - 15:00 GMT • Japan's BoJ Monetary Policy Meeting Minutes - 23:50 GMT • Australia's RBA Rate Statement - 3:30 GMT • French Industrial Output - 7:45 GMT

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Publication date:

2024-11-05 06:34:37 (GMT)

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