Daily Global Market Update June 14th, 2024

Pound's Minor Retreat

The GBP/USD pair dipped slightly by 0.2% in the last session. The CCI is indicating a negative signal.

Bitcoin's Sharp Decline

The Bitcoin/USD pair plummeted by 2.1% in the last session. The stochastic indicator signals a bearish outlook.

Oil's Modest Drop

Oil prices (CL1!) fell 0.4% against the dollar in the last session. However, the stochastic indicator is giving a contradictory positive signal.

AUD's Decline

The AUD/USD pair fell by 0.4% in the last session. The Ultimate Oscillator is giving a negative signal.

Global Financial Headlines

Chris Ammani, CEO of Terraform Labs, has announced the firm's closure following a settlement with the SEC, with plans to sell key projects within the Terra ecosystem. In other news, US producer prices fell unexpectedly in May, hinting at an easing inflation trend. Oil prices showed mixed signals amid varied market factors.

Upcoming Economic Highlights

Today’s major economic events include the US Export Price Index at 12:30 GMT, the Eurozone's Eurogroup meeting at 7 GMT, and the UK’s Consumer Inflation Expectations at 8:30 GMT among others.

• US Export Price Index - 12:30 GMT

• Eurozone Eurogroup Meeting - 7:00 GMT

• US Michigan Consumer Sentiment Index - 14:00 GMT

• UK CFTC GBP NC Net Positions - 19:30 GMT

• Finland Consumer Price Index - 5:00 GMT

• UK Consumer Inflation Expectations - 8:30 GMT