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Daily Global Market Update

Pound's Downward Correction

The GBP/USD pair experienced a minor downward correction, falling by 0.1% in the last session. The Stochastic indicator is giving a negative signal, reflecting recent bearish movement in the market.



Bitcoin's Slight Decline

The Bitcoin/USD pair fell by 1.4% in the last session. The Rate of Change (ROC) indicator signals a potential continuation of this downward trend.



Oil's Modest Gain

In the last session, US Crude Oil gained 0.6% against the dollar, with the MACD indicating a negative trend.



Australian Dollar's Downward Move

The AUD/USD pair dropped by 0.3% in the last session. The Stochastic indicator is giving a negative signal, suggesting further potential downside.



World Market Overview

Pepe, an Ethereum-based meme coin, continues to rally, showing a 230% increase from its November low. Meanwhile, US stock markets retreated after monthly Producer Price Index data met expectations with a 0.2% rise in October. Jobless claims fell to 217,000, below the forecast. Oil prices ended slightly higher, supported by a significant drop in US fuel inventories despite demand concerns tied to a strengthening dollar.


Key Upcoming Economic Events

Important upcoming events include:

  • US Consumer Price Index (CPI) - 1330 GMT
  • UK's GDP Monthly Estimate - 0700 GMT
  • Eurozone’s Industrial Production - 1000 GMT
  • Japan’s Producer Price Index - 2350 GMT
  • Australia's Employment Change - 0130 GMT
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