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Daily Global Market Update November 26th, 2024

Gold's Significant Decline The Gold-Dollar pair plummeted by 3.8% in the last session. The Commodity Channel Index (CCI) is currently giving a negative signal. Euro's Slight Recovery The EUR/USD pair gained 0.1% in the last session. The CCI is giving a positive signal, indicating potential for further upward movement. Pound's Slight Decline The GBP/USD pair fell by 0.2% in the last session. The Ultimate Oscillator is signalling a positive outlook, suggesting potential recovery. Bitcoin's Major Drop The Bitcoin-Dollar pair plunged 2.9% in the last session. The Williams Percent Range is giving a negative signal, indicating bearish momentum. Global Financial Updates The MSCI Global Equities Index rose slightly as the US dollar weakened, accompanied by a drop in government bond yields. Native tokens from various DeFi protocols surged above 50% in November, reflecting investor confidence post-US elections. Meanwhile, the total value locked on DeFi protocols reached $18.4 billion, marking a three-year high. In other news, Apple’s proposed $100 million investment for a plant in Indonesia faced rejection due to local content requirements for smartphones. Upcoming Economic Events Key economic updates to monitor include: • US Non-Farm Payrolls - 1330 GMT • UK Consumer Price Index - 0700 GMT • Eurozone GDP Growth Rate - 1000 GMT • Japan Machinery Orders - 2330 GMT • Germany's Trade Balance - 0600 GMT

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Publication date:

2024-11-26 06:58:12 (GMT)

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