Previous Trading Days Events 12 Feb 2024

Winners vs Losers

Silver is on the top of the winners list with 0.60 gains for the week while USDJPY leads this month with 1.69 gains. Stable USD for now as the market prepares for the U.S. inflation reading today.

News Reports Monitor Previous Trading Day 12 Feb 2024

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Midnight Night Session Asian

The Reserve Bank of Australia governors speech took place after 230, related to the November Financial Stability Report, speaking before the Finance and Expenditure Committee, in Wellington. The market experienced volatility and the NZD started to depreciate significantly. Major Impact statement Inflation remains elevated, leading to the maintenance of the 5.5 cash rate. The NZDUSD edged lower despite the hawkish remarks.

MorningDay Session European and N. American Session

Several speeches from FOMC members took place during the N. American session causing more volatility than anticipated.

General Verdict

Monday mood. No major scheduled figure releases. No major intraday shocks. Higher volatility in the FX market than typical. The dollar experienced some activity causing it to strengthen slightly amid the highly anticipated Inflation report today.
Gold moved lower while Crude closed the trading day higher.
NAS100 and SP500 moved higher while the US30 Dow Jones dropped instead.

FOREX MARKETS MONITOR

EURUSD 12.02.2024 15m Chart Summary

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