PREVIOUS TRADING DAY EVENTS 22 August 2023

Fifth District manufacturing activity remained slow in August, according to the most recent survey. The Richmond Manufacturing Index improved from 9 in July to 7 in August.

Source httpswww.richmondfed.orgmediaRichmondFedOrgregioncommunities
regionaldataanalysisregionaleconomysurveysofbusinessconditionsmanufacturing
2023pdfmfg082223.ashx

Winners vs Losers

XAGUSD Silver has reached the top for this week as it moves on the upside significantly, having 3.99 gains so far.
USDCAD is still leading this month with 2.6 gains, just a little bit more than USDJPY.

News Reports Monitor Previous Trading Day 22 August 2023

Server Time Timezone EEST UTC 0300

Midnight Night Session Asian

No important news announcements, no special scheduled releases

MorningDay Session European and N.American Session

Fifth District manufacturing activity remained slow in August, according to the survey from the Federal Reserve Bank of Richmond. The composite manufacturing index improved from 9 in July to 7 in August. More volatility with steady movements instead of major shocks for the USD pairs. 

General Verdict

Absence of important scheduled releases. 
Higher volatility for USD pairs and U.S. indices.
The DXY moved higher overall. 

FOREX MARKETS MONITOR

EURUSD 22.08.2023 Chart Summary

Server Time Timezone EEST UTC 0300

Price Movement

The pair started to move downwards significantly after the European session…