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Daily Global Market Update November 29th, 2024

Pound's Sideways Movement The GBP/USD pair traded sideways in the last session. The Commodity Channel Index (CCI) is giving a positive signal, indicating potential bullish momentum. Bitcoin's Negative Momentum Bitcoin paired with the dollar dropped by 0.7% in the last session. The Ultimate Oscillator is giving a negative signal, aligning with bearish sentiment. Oil's Modest Gain The price of oil gained 0.3% against the dollar in the last session. The Stochastic indicator is giving a negative signal, suggesting a possible bearish reversal. Aussie's Stable Performance The AUD/USD pair remained largely unchanged during the last session. The Rate of Change (ROC) is giving a positive signal, suggesting potential upward momentum. Global Financial Headlines Cryptocurrency hackers have reportedly stolen $1.5 billion in 2023, with $71 million stolen in November alone. Meanwhile, German annual inflation remained flat at 2.4% in November, breaking a downward trend. Oil prices edged higher following tensions in the Middle East and OPEC+ delays in extending production cuts. Upcoming Economic Highlights Key economic events to monitor include: • Japan's Household Spending Data - 2330 GMT • US Consumer Confidence Index - 1400 GMT • Eurozone GDP Growth Rate - 1000 GMT • UK Manufacturing PMI - 0930 GMT • OPEC Meeting Results

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Publication date:

2024-11-29 08:31:55 (GMT)

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