PREVIOUS TRADING DAY EVENTS 20 June 2023

Summary Daily Moves Winners vs Losers 20 June 2023

The USDCHF has reached the top this week but with only 0.22 so far.
The AUDJPY remained on the top for this month with 6.01 so far. It retraced significantly yesterday after a long path upwards that lasted for days. 

News Reports Monitor Previous Trading Day 20 June 2023

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Midnight   Night Session Asian

Two weeks ago, the RBA shocked markets by hiking rates. There is particular interest in the RBA and BOC because it had paused hikes earlier in the year but they resumed them. In the RBA monetary policy meeting, policymakers discussed that inflation in many economies remained well above central banks targets. Core inflation had remained sticky, not decreasing significantly. After 430 during this release, the AUD depreciated heavily against other currencies. AUDUSD moved downwards sharply by near 50 pips. 

Morning Day Session European

No significant news announcements, no special scheduled releases.

General Verdict

Low volatility. The RBA Monetary policy meeting minutes release caused a shock for the AUD pairs with AUD depreciation.
No significant news, sideways movement for the U.S. Stock Market.
The DXY was moving sideways with low volatility. 

FOREX MARKETS MONITOR

EURUSD 20.06.2023 Chart Summary

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Price Movement

The pair moved sideways around the mean with low…