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Oil gained 0.7% against the dollar in the last session. The Stochastic RSI is signalling a positive trend.
The AUD/USD pair traded sideways in the last session. The Stochastic indicator suggests the market is currently oversold.
The EUR/USD pair traded sideways in the last session. The Williams Percent Range indicator is providing a positive signal.
The USD/JPY pair made a minor downward correction, dropping 0.1% in the last session. The Stochastic indicator suggests the market is currently overbought.
Global equity funds saw sharp inflows this past week, buoyed by a positive US inflation report and relief from avoiding a government shutdown, boosting investor confidence in risk assets. Meanwhile, United Health and a Medici's merger faces delays under close scrutiny from the US Department of Justice. US stocks had a banner year in 2024, with the S&P 500 up by 25% and the NASDAQ Composite up by over 31%.
Key economic events to monitor include:
