PREVIOUS TRADING DAY EVENTS 10 Oct 2023

Winners and Losers

Metals climb higher. This week Gold reached higher levels of 1.52 gains while being the months leader. Silver follows with 1.24 gains this week so far.

News Reports Monitor Previous Trading Day 10 Oct 2023

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Midnight Night Session Asian

No important news announcements, no scheduled special figure releases.

MorningDay Session European and N. American Session

No scheduled special figure releases.

Markets affected by IsraelGaza violence. Metals climbed to high levels. U.S. Stocks also.

General Verdict

Volatility for FX pairs was low yesterday.
Gold reached new higher levels.
The U.S. stock market rose in value again.
The DXY formed a downward wedge. Weakening in general these couple of days.

FOREX MARKETS MONITOR

EURUSD 10.10.2023 Chart Summary

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Price Movement

The EURUSD moved around the 30period MA but leaned more towards the upside. Since the USD was the main driver, it created an upward wedge formation. Breakout of the bands of that formation could cause rapid price movement in one direction. The U.S. CPI data reports tomorrow at 1530 will affect the pair with a probable shock breaking those levels.

CRYPTO  MARKETS MONITOR

BTCUSD Bitcoin 4Day Chart Summary

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Price Movement

Recently we observed a drop in the price of bitcoin. The USD was not the driver of the fall….