Previous Trading Days Events 22 Jan 2024

Winners vs Losers

AUDCAD moved to the top with 0.35 gains for the week while USDJPY stays on the top of the months winners list with 4.60 gains. The JPY pairs JPY as Quote moved to the downside due to the BOJ news this morning.

News Reports Monitor Previous Trading Day 22 Jan 2024

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Midnight Night Session Asian

No major announcements, no important special scheduled releases.

MorningDay Session European and N. American Session

No major announcements, no important special scheduled releases.

General Verdict

Monday mood, low volatility for most pairs. The dollar index moved sideways with low volatility closing almost flat for the day.
Gold closed lower after a volatile downward path.
Crude oil advanced higher significantly after the start of the European session reaching near 75 USDb.
U.S. indices settled with a halt for the uptrend. Currently remaining in consolidation. This relatively rapid upward movement lately could see a retracement soon.

FOREX MARKETS MONITOR

EURUSD 22.01.2024 15m Chart Summary

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Price Movement

The pair experienced low volatility due to absence of important scheduled releases. It moved early to the upside above the 30period MA and then reversed to the downside crossing the MA on its way down remaining on a roughly sideways path around the MA, leaning more to the downside as a result of USD strengthening….