Previous Trading Days Events 25.03.2024

Winners vs Losers

AUDUSD reaches the top of the winners list with 0.46 followed by AUDJPY. It is clear from the charts that the USD and JPY have recently depreciated against the AUD a lot, reversing the postFOMC effect.

News Reports Monitor Previous Trading Day 25 Mar 2024

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Midnight Night Session Asian

No important news announcements, no special scheduled releases.

Morning Day Session European and N. American Session

No important news announcements, no special scheduled releases.

General Verdict

Monday mood. Low volatility with mostly sideways movements for FX. The dollar corrected to the downside after a shortterm reversal since the FOMC.
Gold saw volatility but moved sideways closing a bit higher.
Crude oil climbed.
U.S. indices dropped further to the downside.

FOREX MARKETS MONITOR

EURUSD 25.03.2024 15m Chart Summary

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Price Movement

The pair moved to the upside overall as the dollar continued with depreciation. Since the FOMC, the initial reaction was for the EURUSD to jump high at 1.09430 and then continued with a steady drop as the dollar was experiencing unusual and long appreciation. The pair eventually reached the support near 1.080 and retracement followed with the dollar on the 25th of March to depreciate causing the pair to move steadily upwards this time.

EURUSD 25.03.2024 1H Chart Summary

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