Previous Trading Days Events 18.03.2024
Winners vs Losers
USDJPY currently leads with 0.92 for the week followed by other JPY pairs JPY as Quote as the JPY is weakening as the Bank of Japan raised interest rates, a pivotal change in monetary policy.
News Reports Monitor Previous Trading Day 18 Mar 2024
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Midnight Night Session Asian
No important announcements, no special scheduled releases.
MorningDay Session European and N. American Session
No important announcements, no special scheduled releases.
General Verdict
The FX market was quite volatile even in the absence of important releases. The U.S. Dollar strengthened overall.
Gold moved upwards and stayed at high levels.
Crude oil jumped.
U.S. indices saw a reversal to the upside.
FOREX MARKETS MONITOR
EURUSD 18.03.2024 15m Chart Summary
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Price Movement
The pair moved to the downside as the USD experienced high strengthening after 1435. A reversal from the resistance at near 1.09060 took place with the pair diving lower, crossing the 30period MA, a 40pips downward sharp move. It seems that expectations for a delay in interest rate cuts are formed amid the FOMC statement that takes place tomorrow.
CRYPTO MARKETS MONITOR
BTCUSD Bitcoin Chart Summary
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Price Movement
Bitcoin moved lower and lower after reaching the peak at 74K USD on the 14th of March. Big outflows move bitcoins…