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Daily Global Market Update November 21st, 2024

Euro's Oversold Market The EUR/USD pair fell by 0.7% in the last session. The Williams Percent Range indicator signals that the market is currently oversold. Dollar's Positive Momentum The USD/JPY pair gained 0.3% in the last session. The MACD is giving a negative signal, indicating potential bearish momentum. Gold's Positive Signal Gold rose by 0.5% against the dollar in the last session. The Stochastic RSI is indicating a positive signal, suggesting potential upward momentum. Amazon's Bearish Trend Amazon's stock dropped 1% in the last session. The Stochastic indicator is signalling a negative trend, pointing towards potential further declines. Global Financial Headlines Global shares edged lower amid renewed geopolitical tensions between Russia and the West. Bitcoin reached a record high, and the US dollar strengthened following renewed post-election rallies. British inflation exceeded expectations, rising back above the Bank of England’s 2% target at 2.3% annually, as underlying price growth also accelerated. Upcoming Economic Highlights Key economic events to watch for include: • US Consumer Sentiment Index – 1500 GMT • Eurozone Industrial Production – 1000 GMT • UK Unemployment Rate – 0700 GMT • Japan Machinery Orders – 2330 GMT • US Initial Jobless Claims – 1230 GMT

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Publication date:

2024-11-21 07:23:51 (GMT)

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