PREVIOUS TRADING DAY EVENTS 30 Oct 2023

Winners and Losers

JPY seems to weaken as pairs quote currency are climbing to the top for this week. EURJPY is leading with 0.80 so far.
This month metals thrive with Gold being on the top having near 8 gains.

News Reports Monitor Previous Trading Day 30 Oct 2023

Server Time Timezone EEST UTC 0200

Midnight Night Session Asian

No important announcements. No special scheduled figure releases.

MorningDay Session European and N. American Session

EURrelated news caused little impact. These were the inflationrelated figure releases and German and Spanish CPI data that seemed important. The German Preliminary monthly CPI figure was reported lower confirming the desired effect of elevated interest rates. The same applies to the Spanish Flash yearly CPI figure that was reported lower than expected and unchanged. The EUR eventually won against the dollar after a short period of depreciation mainly because the USD was weakening continuously against other currencies for the rest of the whole trading day.

General Verdict

Monday Mood. No significant shocks happened except the effect on JPY. The JPY rose to a twoweek high vs USD on talk of BOJ policy tweak. Looking at the chart yesterday we see excessive volatility.
The USD weakened significantly. Fed decision on rates approaches soon and no rate hike is expected.
Gold remains close to the level 2K USD and moves sideways with high volatility.
S. Oil dropped to…