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Daily Global Market Update November 14th, 2024

Euro's Decline The Euro fell by 0.4% against the dollar in the last trading session. The MACD is currently indicating a negative signal. Dollar-Yen's Overbought Condition The USD/JPY pair rose by 0.5% in the last trading session. The Williams Percent Range indicator shows the market is currently overbought. Gold's Downtrend Gold declined by 0.6% against the dollar in the last trading session. The Stochastic RSI indicates that the market is oversold. Nike Stock Slight Decline Nike’s stock saw a slight drop of 0.3% in the last trading session. The MACD is showing a positive signal. Global Financial Headlines The US dollar has advanced to a one-year high against major currencies, driven by recent “Trump trades.” The S&P 500 and the Dow showed gains, as expected US inflation data reinforces expectations for a December rate cut by the US Federal Reserve. In October, the Consumer Price Index rose by 0.2% for the fourth consecutive month. In Russia, GDP grew by 3.1% in Q3, down from the previous quarters, aligning with the economy ministry’s projections. Upcoming Economic Highlights Significant economic events to monitor include: • Japan’s Labour Cash Earnings – 23:30 GMT • US Red Book Index – 13:55 GMT • UK's BRC Retail Sales – 00:01 GMT • Japan’s Overall Household Spending – 23:30 GMT • Eurozone's Unemployment Rate – 10:00 GMT • Germany’s Industrial Production – 07:00 GMT

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Publication date:

2024-11-14 06:28:12 (GMT)

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