Previous Trading Days Events 29 Jan 2024

Winners vs Losers

Silver XAGUSD is leading this week after experiencing a high climb on Monday with 1.68 gains so far. USDJPY remains the top winner for the month with 4.51 gains. The dollar remained stable.

News Reports Monitor Previous Trading Day 29 Jan 2024

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Midnight Night Session Asian

No important news announcements, no major scheduled figure releases.

MorningDay Session European and N. American Session

No important news announcements, no major scheduled figure releases.

General Verdict

Despite the absence of important scheduled releases yesterday the FX market experienced moderate volatility. The dollar index climbed steadily and significantly after the start of the European sessions and reversed sharply after the start of the N.America session.
Crude oil fell steadily from 79 to 77 USDb.
Metals climbed higher.
U.S. indices experienced a sharp upward movement to the upside late after 2000.

FOREX MARKETS MONITOR

EURUSD 29.01.2024 15m Chart Summary

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Price Movement

The pair experienced a similar path to the dollar index, mirrored, showing that the dollar was the main driver. After the start of the European session, the dollar started to appreciate significantly causing the EURUSD to drop. Several drops actually happened with their following retracements intraday to the 30period MA. 1.07950 served as an important support and…