PREVIOUS TRADING DAY EVENTS 23 Oct 2023

Winners and Losers

This week the dollar seems to be losing strength against other major currencies. GBPUSD and EURUSD lead currently with close to 1 gains.
This month metals still lead but gains have been lowered for gold, just below 7 so far.

News Reports Monitor Previous Trading Day 23 Oct 2023

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Midnight Night Session Asian

No major announcements, no significant scheduled figure releases.

MorningDay Session European and N. American Session

The Eurozones Consumer Confidence figure was reported the same as expected, 18 indicating the same pessimism about economic conditions. No major impact was recorded upon release.

General Verdict

Monday mood. Absence of important scheduled figure releases. The FX market was affected by steady dollar depreciation. DXY moved a lot lower overall.
Bitcoin jumped to higher levels.
U.S. Stock market high volatility with more resistance against dropping yesterday further.
Gold remained stable while Oil prices dropped.

FOREX MARKETS MONITOR

 EURUSD 23.10.2023 Chart Summary

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Price Movement

The pair saw some unusual volatility after the European Markets opening. The absence of important special releases gave no room for intraday shocks. The USD however, started to lose strength steadily after 1630 and so the pair moved to the upside with a normal pace until it found resistance at near 1.06770….