Previous Trading Days Events 08.04.2024

Winners vs Losers

Metals are again on the top of the winners list for the week. Silver leads with 2.62 and Gold follows with 1.58. The dollar weakened yesterday helping gold to reach higher again.

News Reports Monitor Previous Trading Day 08.04.2024

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Midnight Night Session Asian

No important announcements, no special scheduled figures to be released.

Morning Day Session European and N. American Session

No important announcements, no special scheduled figures to be released.

General Verdict

Monday mood. Absence of special major figure releases but volatility levels were moderate in the FX market. The dollar index saw more volatility as the market was getting closer to the start of the N.American session.
Gold moved higher overall after a volatile trading session.
Crude oil opened yesterday with a gap to the downside but recovered eventually closing almost flat.
U.S. indices saw sideways and less volatile paths, around the intraday mean than usual.

FOREX MARKETS MONITOR

EURUSD 08.04.2024 15m Chart Summary

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Price Movement

The pair experienced moderate volatility early during the Asian session but the path remained sideways and volatility lowered as the European session started. After the triangle breakout, the pair moved rapidly to the upside as the USD was depreciating. It found resistance near 1.08590 before a short retracement…